The US-China trade relationship will likely exacerbate as the US might take "extreme action" on Chinese-made connected cars. The Biden administration is also considering new tariffs on several sectors China dominates, including EVs.
President Joe Biden's administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that's expected to target key strategic sectors while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said.
Semiconductor Manufacturing International Corp. expects its average selling price to fall this quarter as chipmakers increase capacity, raising the alarm about growing price competition in the global market.
In a recent move aimed at bolstering national security measures, the US Commerce Department's Bureau of Industry and Security (BIS) has added 37 People's Republic of China (PRC) entities to the Entity List under the Export Administration Regulations (EAR). What is noteworthy is that quantum technology is specifically mentioned for 22 newly added to the Entity List.
Panasonic Group reported a record-high net income for the fiscal year ending in March 2024. Its battery business received significant tax credits from the US Inflation Reduction Act (IRA).
Magna International's Austrian plant is experiencing a double hit resulting from the sluggish EV demand. An EV startup customer has filed for bankruptcy, and orders from legacy automakers lack a driving force.
To take advantage of the rebound in the global monitor market in 2024, companies such as Samsung Electronics and LG Electronics are targeting high-performance, gaming, and AI demands by launching new monitor products to accelerate their market penetration.
As a subsidiary of SK Hynix, SK Hynix System IC is reportedly in the process of selling its equity in Wuxi, China. It is anticipated that in the future, SK Hynix System IC Wuxi will still retain a 50.1% equity stake, while Wuxi Industry Development Group (WIDG) will hold 49.9%. Operational control will remain in the hands of South Korean entities.
Intel confirms that one of its customers' export license was revoked and would impact its second-quarter sales in 2024 to fall to the lower range between its US$12.5-13.5 billion projection for the quarter, according to a document submitted to the US Security Exchange Commission.
Samsung Electronics reportedly plans to dedicate separate development teams for next-generation High Bandwidth Memory (HBM) products, HBM3E and HBM4, to strengthen its competitiveness in the HBM market. Whether this strategic initiative will allow Samsung to outpace competitor SK Hynix in mass production is drawing industry attention.
Toyota Motor reported hefty profit growth for the past fiscal year ending March 2024, thanks to booming hybrid EV sales and a weaker Japanese Yen. The automaker said it plans to invest JPY2 trillion (US$13.79 billion) in its suppliers, growing the EV lineup and developing Software-Defined Vehicles (SDV).
Chinese mature-node foundries collaborate with the country's domestic IC design firms, including MCU businesses, to provide capacity support and offer competitive pricing, according to industry sources.
SoftBank Group Corp. is in talks to acquire Graphcore Ltd., a struggling British semiconductor startup once valued at $2.8 billion, according to people familiar with the deals.
Chinese iPhone shipments jumped about 12% in March after Apple Inc. and its retailers slashed prices, official data showed, suggesting efforts to arrest an accelerating decline in sales are yielding early results.
