Pegatron has denied media reports that claimed shipments to and from its factory sites in China were being held for scrutiny by Chinese customs officials in the wake of a company executive's meeting with US House speaker Nancy Pelosi.
Thai oil and gas conglomerate, PTT Group's board of directors gave the go-ahead for PTT Mining of Hong Kong (PTTML), a coal mining business, to be transferred to Indonesia-based PT Astrindo Nusantara Infrastruktur Tbk (Astrindo), an investment company focused on integrated energy infrastructure, for US$ 471 million on August 2, 2022.
Altigreen, a Reliance-backed electric three-wheeler (E3W) brand, has partnered with fast-charging technology provider Exponent Energy and claimed to become the fastest charging E3W provider in the fast-growing EV market.
The semiconductor supply chain is seeing dramatic changes, impacting consumer electronics head-on, and the drop in demand has further impacted IC design and IC manufacturing industries. In contrast, growth remains stable in the automotive electronics industry. In the memory industry, for instance, Chinese suppliers like GigaDevice, Ingenic Semiconductor, Macronix and Winbond continue to increase the share of automotive products in their sales, looking to tap into future growth.
LCD panel makers have been cutting production, but their output still exceeds demand from TV brand vendors who have downward adjusted their panel procurement plans amid weakening end-market demand, according to industry sources.
Lithium has become the indispensable metal in global automotive electrification. Carmakers and battery manufacturers have strengthened cooperation with lithium producers, even prepaying orders to acquire long-term supply.
SK Group, one of the conglomerates in South Korea, announced that it is investing an additional US$22 billion in semiconductors and the EV ecosystem in the US, according to the group's official news channel.
China-based outsourced semiconductor assembly and testing (OSAT) vendors and second-tier Taiwan-based backend houses are cutting their prices for conventional ICs to vie for more orders amid end-market demand slowdowns, according to industry sources.
Following the subsidies to TSMC's 300mm fab in Kumamoto and TSMC's 3DIC R&D center in Ibaraki, Japan's Ministry of Economy, Trade and Industry (METI) has lately announced plans to subsidize Western Digital (WD) and Kioxia's Nand flash manufacturing facility in Yokkaichi, Mie Prefecture.