The competition of EUR20,000 (US$21,750) EV has mobilized the European automotive supply chain. Local automakers tend to collaborate with partners to gain a foothold in the sector. However, partnerships built across continents seem more promising than those formed within Europe.

Apple recently released its 2024 supply chain list, which includes eight new suppliers from China.

South Korea-based Hyundai Motor is reportedly selecting underwriters for its Indian subsidiary IPO plan. The listing may become India's biggest-ever IPO.

Memory prices are rising quarter after quarter, yet consumer electronics demand remains subdued. Recently, there have been rumors that Chinese memory module manufacturers are clearing out low-cost inventories.

Volkswagen said on May 28 that it plans to roll out a low-cost EV for the European market in 2027, a move that will help it counter Chinese rivals' offense. In addition, Magna Steyr confirmed that it has discussed EV production for China-based carmakers in Europe.

Amid the global shifts in the chip industry, Malaysia is promoting its neutrality, non-alignment, and established IC backend industry as key advantages to advance and build a more mature semiconductor ecosystem.

Key Takeaway: Fabs located in China have been purchasing equipment at a rapid pace during the past three years leading to expanding capacity.

While many South Korean companies have struggled to penetrate the Indian market, Samsung Electronics has emerged as a remarkable success. Celebrating its 30th anniversary in India, Samsung is well-positioned for continued growth amid the country's population boom.

China's freshly launched CNY344 billion (US$47.5 billion) national chip fund is likely to prioritize investments in major semiconductor firms, supporting their development of AI computing power and High Bandwidth Memory (HBM), as well as lithography tools that are crucial to advanced chip manufacturing.

Apple Inc.'s iPhone staged a rebound in China last month with shipments rising 52% amid a flurry of discounts from retail partners.

China's domestic AI chipmakers are making fast progress in closing the gap on international leaders, according to SenseTime Group Inc. co-founder Xu Bing.

Chinese CPU maker Loongson Technology Founder and Chairman Hu Weiwu, who is also a Chinese Academy of Sciences Institute of Computing Technology researcher, told Xinhua News Agency that Loonson's next-generation CPU will match the performance of Intel's 12th-generation Core i5.

Samsung Electronics is keenly exploring "hafnia ferroelectrics" as a next-generation NAND flash material, with the hope that this new material will enable stacking over 1,000 layers of 3D NAND and achieving petabyte-level SSDs.

Samsung Electronics has successfully stacked the next-gen 3D DRAM to 16 layers, twice as many as its competitor Micron.

South Korean media outlets Money Today and Yonhap News reported that the Industrial Technology Security Investigation Team of the South Gyeonggi Provincial Police Agency arrested a former SK Hynix employee in her 30s, a Chinese national, in April 2024 on suspicion of violating the Industrial Technology Leakage Prevention and Protection Act. The prosecution initiated the indictment process in early May.