The first group of China-made products that the US Biden administration targets will see their tariffs rise on August 1, 2024, according to an announcement from the Office of the US Trade Representative (USTR) on Wednesday. Some machinery for America's domestic manufacturing and solar production may be excluded temporarily.
India-based Dixon Technologies reportedly will make Google's Pixel 8 smartphones starting in September following a deal signed between Taiwan-based Compal and Padget, Dixon Technologies' subsidiary.
As Ericsson scaled up its telecom gear production in India to meet local demand, the company plans to increase exports. This move aligns with the Indian government's push to make the country a powerhouse in electronics manufacturing by encouraging local production.
China-based CCL maker Kingboard Laminates has notified customers of immediate price hikes to reflect growing raw materials costs, according to industry sources.
Taiwanese foundries have seen customers switch orders for Power Management ICs (PMIC) from Chinese chipmakers in the wake of the US decision to raise tariffs for semiconductor imports from China, according to industry sources.
NewLink Group, a Bain Capital-backed firm that provides software to sectors including the electric vehicle-related industry, is seeking as much as $100 million in private debt, according to a person familiar with the matter.
Cheap electric vehicles from China are already pushing into Europe, undercutting one of the region's biggest industries. BYD Co., which overtook Tesla Inc. last year to become the biggest global EV maker, is about to raise the stakes. The Chinese manufacturer last month announced plans to introduce its Seagull hatchback in Europe next year, which offers premium features like cruise control and wireless phone charging but sells for less than $10,000 in China. Even after tariffs and modifications to meet European standards, BYD executives have pledged to sell the Seagull for less than €20,000 ($21,500) on the continent.
In less than six months, Samsung Electronics experienced yet another notable shift in its senior leadership, coinciding with its trailing position behind SK Hynix in the HBM market. This development hints at the possibility of additional organizational restructuring within Samsung's semiconductor division.
While the US-China technology rivalry and the resultant G2 framework have prompted the semiconductor industry to diversify production risks, Vietnam is emerging as an attractive location for global semiconductor players to serve the purpose, ranking closely behind Singapore and Malaysia among ASEAN countries. Nevertheless, there exist challenges that must be overcome to fully realize its potential.
Lai Ching-te has officially assumed office as the 16th President of Taiwan, signaling a firm stance towards Beijing. His inaugural speech made clear that the new administration will not compromise on its position, suggesting that the current economic and industrial ties across the Taiwan Strait will remain largely unchanged. This hardline approach implies limited room for further deterioration and scant chances for improvement in relations.
Amid the investment hype among India-based companies in the semiconductor field, Kaynes Technologies said its OSAT project witnessed delays due to the ongoing elections in India, with initial production planned for one or two years from now.
Five years after commencing its automotive ambition, Huawei said the unit has come out of the red. Richard Yu, Huawei's chairman of the smart car solutions business unit, recently said the company's automotive business unit and the smart selection car segment have turned profitable in the first quarter of 2024.
