The Chinese car market has gained worldwide traction because of EVs. Homegrown automakers seize the opportunity to scale inside and outside China. The country has put many resources and effort into the EV sector, drawing criticism and doubts.
Smart wearable and GPS giant Garmin has decided to expand its production into Southeast Asia as part of its long-term strategy for the next 10-20 years, with initial production lines in Thailand to focus on automotive navigation OEM products.
China recently released official data indicating that in 2023, China's automobile production and sales generated a total value of CNY11 trillion (approx. US$1.52 trillion), accounting for nearly 10% of the country's GDP and surpassing real estate for the first time to become its primary economic pillar. However, the cutthroat price war in the automotive industry has also become one of the reasons for China's deflation issues.
Huawei Technologies Co.'s latest smartphones carry a version of the advanced made-in-China processor it revealed last year, independent analysis revealed, underscoring the Chinese company's ability to sustain production of the controversial chip.
Apple is diversifying rather than expanding its supplier base in India, as indicated by its latest supplier list. Despite some concerns from the Indian government, China-based suppliers continue to play a significant role in Apple's India strategy.
As the US-China technology war enters its seventh year, with the process of domestic substitution policy of China's semiconductor industry continuing to deepen, China's local Electronic Design Automation (EDA) software products have made considerable progress in recent years and accelerated their development to bridge the 15 years gap with their American and European rivals.
The continuous surge in generative AI applications is driving strong demand for High Bandwidth Memory (HBM), significantly benefiting Japanese suppliers of materials and equipment associated with HBM production. This trend is prompting these suppliers to make significant investments in expanding their production capacity.
Although US sanctions have significantly slowed down the development of China's semiconductor industry towards the advanced nodes, it is not the time to be content that China is lagging behind the US in semiconductor technologies.
India-based EMS player Kaynes Semicon believes its OSAT project is expected to be approved and eyes advanced packaging, including Co-Packaged Optics (CPO), to differentiate itself from competitors in Southeast Asia.
