Apple is speeding up its supply chain diversification. Data shows that Apple has shipped close to 1 million made-in-India iPhones in the second quarter. However, India's effort to slow down China's investments may make Apple's supply chain relocate.
Battery storage systems (BESS) are becoming cheaper because of the rising popularity of electric vehicles (EVs). This allows BESS to have a more cost-efficient production cycle due to economies of scale.
Thailand's National Innovation Agency (NIA) has recently hosted the Southeast Asia Startup Assembly (SEASA 2022) in Bangkok under the theme "Open the Cities for Startup Opportunities among APEC Member Economies."
LED backlight unit (BLU) maker Darwin Precisions has disclosed it is investment of NT$1.0 billion (US$33.9 million) to expand production capacity for LCD monitor module at its factory in Xiamen, China.
Global supply chains remain disrupted as the COVID-19 pandemic enters the third year and the war in Ukraine creates chaos in Europe-Asia transportation. Expert Mark Millar said the disturbance offers companies an opportunity to reevaluate their sourcing and production, considering a more regional approach going forward. He also expects global supply chain reconfiguration to last through 2025 to 2030, with some businesses nearshoring and reshoring.
Just as India hopes to develop a green hydrogen and green ammonia supply chain, US-based Triton Electric Vehicle has announced that they will produce and launch hydrogen-fueled two-wheelers and three-wheelers in India, the first hydrogen-fueled vehicles made locally.
Automakers have been diversifying battery supply in response to the surging demand for electric vehicles (EVs). Several of them, including Tesla, have taken the path to self-produce or self-develop batteries. Tesla recently said it plans to start the production of 4680 battery cells in Texas in third-quarter 2022.
Instead of selling memory chips for Japan- and US-based brands, Sahasra Semiconductors has decided to set up a memory chip assembly, test, and packaging (ATMP) unit in India and sell its own chips by December, which may be India's first memory chip ATMP plant from scratch.
India's Production Linked Incentive (PLI) incentive schemes seems to attract attention from global electronics manufacturers; however, applicants are facing new issues about custom duties on imports and delayed payout.
China's major battery makers including BYD and Contemporary Amperex Technology (CATL) are actively proceeding with capacity expansions to meet ever-increasing demand amid growing penetration of new energy vehicles in the auto market, according to industry sources.
Amid India's efforts to build a local semiconductor supply chain, a Taiwanese delegation, with members including semiconductor manufacturers, is reportedly planning to visit India for semiconductor cooperation.
China-based power management IC (PMIC) makers are keen on developing LED driver ICs optimizing mature technology. Chinese LCD driver IC suppliers have caught up with international players technologically and have thus improved their competitiveness globally. With the global LED lighting manufacturing industry continuing to root in China, the production value of China's LED driver ICs will likely rise further accordingly.