General Motors Extends Shutdowns at Three Factories Amid Semiconductor Shortage

General Motors (NYSE: GM) said today that it will extend shutdowns at three of its North American factories until at least mid-March, amid an ongoing global shortage of semiconductor chips. 

GM is one of several global automakers that have had to reduce production because of a shortage of computer chips. Chipmakers have scrambled to fill orders for automotive-grade silicon while coping with a surge in demand from makers of higher-end personal computers and peripherals. 

Demand for home computers, including high-end gaming computers, has risen sharply amid the pandemic.  

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Source Fool.com