(Updates Toyota) Aug 19 (Reuters) - A global semiconductor chip shortage has caused a major delay in manufacturing activity, with automakers cutting down on production and electronic device makers struggling to keep up with a pandemic-led surge in demand for phones, TVs and gaming consoles. The scarcity prompted U.S. President Joe Biden to sign an executive order to address the issue, after he pledged to seek $37 billion in funding for legislation to supercharge chip manufacturing in the United States. Below is a list of major corporations that have been at the receiving end of the crisis. Company Comments General Motors Co Both General Motors and Ford said they will cut more vehicle production due to a semiconductor chip shortage that has roiled the global automotive industry. Earlier, GM had said that due to the global semiconductor chip shortage, it is building certain 2021 light-duty full-size pickup trucks without a fuel management module, hurting those vehicles' fuel economy performance. GM had also extended production cuts at three North American plants, adding a fourth to the list due to chip shortage. Said shortage could shave up to $2 bln from 2021 profit Ford Motor Co Has said it will, for now, assemble its flagship, highly profitable F-150 pickup trucks and Edge SUVs in North America without certain parts and idle two assembly plants due to the global semiconductor chip shortage. Earlier, it said shortage is hitting production of F-150 pickup trucks, and it could lose 10% to 20% of planned Q1 vehicle production, with adj. earnings falling by $1 bln to $2.5 bln Apple Inc Apple executives said that while the impact of the chip shortage was less severe than feared in the third quarter, it will get worse in the current quarter, extending to iPhone production. Volkswagen AG Volkswagen's top three brands pointed to an ongoing shortage of automotive chips that could intensify in the coming months. It now expects deliveries to be up "noticeably" in 2021 from the 9.3 million last year, having previously expected them to rise "significantly". Volkswagen was the first carmaker to warn of a chip supply crunch. It said in February that chip shortage will impact production at some of its plants. VW's production sites in Wolfsburg and Kassel are affected. Renault SA Has estimated the chip shortage could reduce its production by about 100,000 vehicles this year. Visteon Corp The auto parts supplier has said uncertainty around the semiconductor shortages will lead to some plant closures in the first half of 2021, before it stabilizes during the second half. Honda Motor Co Has cut North America production citing supply chain issues that have wreaked havoc with the auto industry. Has cut its 2021 sales target by 100,000 vehicles, or 2.2% to 4.5 mln cars due to the chip shortage. Nissan Motor Co The company warned that the global shortage of semiconductor chips will significantly hurt sales volume in the July-September quarter, but added that demand for its newly launched, pricier models will mitigate the impact on profits. Nissan hopes to make up for production and sales losses during the latter half of the fiscal year ending March 2022 and expects semiconductor shortages to ease during that period, Chief Operating Officer Ashwani Gupta told reporters. Tesla Inc CEO Elon Musk said in July Tesla was coping with the chip shortage by using alternative chips and rewriting software. Stellantis NV Production at Stellantis' Eisenach factory in Germany and its Zaragoza plant in Spain were impacted due to the shortage. Union sources told Reuters in February that Stellantis planned to slow production at its Melfi plant in Italy and furlough 7,000 workers. Sony Corp CFO Hiroki Totoki said it is difficult for the company to increase production of the PS5 amid the shortage of semiconductors. Zhejiang Geely Holding Group Co Volvo Cars, which is owned by China's Geely Ltd Holding, has said will temporarily stop or adjust production in China and the United States for parts of March due to a global shortage of semiconductor chips. Volvo AB Volvo AB said it expects shortage of semiconductors to have negative impact on earnings and cash flow and warned of a substantial hit on production in the second quarter. Acer Inc Andrew Hou, Acer's president for Pan-Asia Pacific Operations, said he expected better supplies in the second quarter compared with the first quarter of this year, and that the situation in the second half will be better than the second quarter. Toyota Motor Corp Toyota said it will slash global output for September by 40% from its previous plan, including temporary production suspension in 14 factories in Japan and overseas plants due to chip shortage amid COVID-19 resurgence across Asia. Taiwan Semiconductor TSMC said in July the auto chip shortage will Manufacturing Co gradually reduce for its customers from this quarter but expects overall semiconductor capacity tightness to extend possibly into next year. It also signaled plans to build new factories in the United States and Japan to cope with the surge in demand for chips. Advanced Micro Devices AMD CEO Lisa Su said in July that though supply chain was tight, the company has been planning well with its partners. AMD has responded to limited industry capacity by focusing on selling only its most profitable chips. Samsung Electronics Co Ltd The company cautioned in July that the global shortage of non-memory chips still poses a risk to forecasts, while uncertainties related to COVID-19 and geopolitical tensions were likely to persist. Intel Corp The company said in July it still faces supply chain constraints and gave an annual sales forecast that implied a weak end of the year. (Reporting by Tiyashi Datta, Chavi Mehta, Akanksha Rana and Eva Mathews in Bengaluru; Editing by Aditya Soni and Sherry Jacob-Phillips)
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