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HomeLatest NewsThe Volkswagen plant in Navarra stops its activity until January 11

The Volkswagen plant in Navarra stops its activity until January 11

Date: January 28, 2023 Time: 22:10:32

Volkswagen Navarra has announced that it will suspend its production on Monday, January 9 and Tuesday, January 10 due to a lack of parts due to the unstable situation in the supply of semiconductors, and it will not resume its activity until the 11th, due to the start of the Christmas holidays at the factory tomorrow.

As explained by the company through a staff, “there will be no production on January 9 and 10” both being considered as industrial day, although it has confirmed that “work will be carried out as planned in the three shifts of the announcements days 11, 12 and 13 “of January.

The closure, explained the Landaben factory, is explained by “the lack of parts caused by the unstable situation in the supply of semiconductors”. In this way, the workers will see the break that begins tomorrow on the occasion of their Christmas holidays extended and that was scheduled to last until Sunday, January 8.

China plans incentives for microchips

China is working on a support package of more than 1 trillion yuan ($143 billion) for its semiconductor industry in a major step toward chip self-sufficiency and to counter US moves, Reuters reports. Beijing plans to implement one of its biggest incentive packages for five years, mainly as subsidies and tax credits to boost semiconductor production and research activities in the country.

The plan, which sources say could be implemented as soon as the first quarter of next year, has not been reported before. Most of the financial assistance would be used to subsidize purchases of domestic semiconductor equipment by Chinese companies, mainly semiconductor manufacturing plants. Companies will be entitled to a 20% subsidy on the cost of purchases. China has a stated political priority to develop an independent chip industry.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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