Recent data indicates an uptick in semiconductor industry inventories, particularly among top chip companies capitalizing on the AI trend. While China has witnessed a rise in listed semiconductor firms, it continues to face challenges, particularly in the memory business sector.
Honda Motor is trying to catch up with its competitors in the global EV market. The Japanese automaker aims to inject JPY10 trillion (US$65 billion) into its EV efforts and launch seven EV models under its flagship series by 2030.
Due to the increasing competitiveness of end-use products, industries from semiconductors, electronic components to assembly plants, have faced challenges in improving yield rates and boosting production speeds.
Robust AI server demand in China boosted the sales performance of Inspur Electronic Information Industry Systems (IEIT) and Foxconn Industrial Internet (FII) in the first quarter of 2024.
Topco Scientific, a Taiwan-based semiconductor material distributor, has seen a significant increase in orders from Chinese foundries whose 12-inch fab utilization rates have risen above 90%.
Microsoft's headquarters has reportedly instructed the head of its China division to require its Chinese AI developers to either relocate to countries such as the United States and Australia or opt for resignation.
Nio Inc. is launching a more affordable electric car brand in China in a bid to gain a firmer foothold in the world's most competitive market as Tesla Inc.'s momentum slips.
Following reports of Apple's withdrawal from the development of self-driving electric vehicles, Samsung Electronics is reportedly discontinuing its preliminary research on software algorithms for autonomous vehicles. The company will shift its focus to research and development in robotics due to uncertain commercialization prospects for self-driving technology.
Tencent Cloud, the cloud business of global technology company Tencent, has recently announced the signing of a Memorandum of Understanding (MoU) with PT. Bank Rakyat Indonesia (Persero) Tbk. (BRI) and Hi Cloud Indonesia, a cloud service provider (CSP). The collaboration aims to drive innovation in BRI's banking services by leveraging technology, with a specific goal to enhance customer service and transaction experiences.
Veolia Water Technologies, a subsidiary of Veolia and a leading specialist in water treatment technologies and services, announces on May 15 the inauguration of its first ion exchange regeneration facility in China. The facility features state-of-the-art technology to efficiently recycle spent ion exchange resins, promoting resource optimization and sustainability.
Suppliers are expanding their target regions to include India and Southeast Asia as consumer Microcontroller Unit (MCU) markets revive at different rates, according to industry sources.
China blasted the Biden administration's move to increase US tariffs on a wide range of Chinese imports, vowing to take its own action, without giving specifics.
US President Joe Biden announced sweeping tariffs on multiple Chinese goods on May 14. Industry experts said China's lithium-ion battery exports will likely take a significant hit while the solar sector is less unlikely to be disrupted.
