Japan-based electric motor manufacturer Nidec is reducing its products for the Chinese EV sector and planning to increase its sales of electric motors for industrial machinery in the US. Both measures aim to improve Nidec's profit. Its net income will likely hit JPY165 billion (US$1.06 billion) in fiscal 2024, which ends in March 2025.
Tesla CEO Elon Musk paid an unannounced visit to China on April 28. His main goal is reportedly accelerating the rollout of Tesla's Full Self-Driving (FSD) software in China. Coincidently, the country said on the same day that vehicles made by Tesla and other carmakers comply with data security requirements.
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.
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.
Memory module house Adata Technology has stepped up deployments for industrial memory and storage, revenue from which is expected to jump by over 50% year on year in 2024.
China's relentless push into space technology is setting the stage for a high-stakes competition with the United States. As the space race heats up, China's rapid advancements in low-Earth orbit (LEO) satellite technology are increasingly putting pressure on America's long-held supremacy.
