As the Chinese government becomes cautious about how it subsidizes the country's SiC semiconductor development, the gap between leading SiC companies and those falling behind has widened. Sources said the former will likely receive the government's support more quickly, while the latter is expected to struggle.
Optiemus Electronics, an Indian electronics manufacturer partnered with Wistron Corporation's Indian subsidiary, Wistron Infocomm Manufacturing (India), is poised to ramp up its production in response to escalating demand. In a recent conversation with Digtimes Asia, A Gururaj, Optiemus' MD, emphasized the firm's intensified commitment to areas like IT Hardware and telecom equipment while hinting at a potential venture into the emerging EV sector.
China's largest new energy vehicle (NEV) maker BYD rolled its five millionth car off the production line on August 9. Chairman and president Wang Chuanfu said automotive electrification is irreversible. China will likely see the NEV penetration rate surpass 60% in 2025.
The Cadillac Escalade has long been one of the largest, most luxurious and biggest gas guzzling SUVs - in many ways, the antithesis of the environmental movement.
As more and more companies participating in the RE100 initiative will use 100% green energy by 2030–2050, green hydrogen is a key option in the long-term global energy transition. In view of the strong growth potential of the global hydrogen industry, Taiwan's semiconductor companies should have long-term plans for utilizing green hydrogen as a source of green energy, said Sabrina Yu, analyst and project manager at DIGITIMES Research.
With the announcement on August 8, 2023 of TSMC's decision to set up a fab in Dresden, Germany has risen to be a leading semiconductor manufacturing hub in Europe, especially as Intel is also constructing its Magdeburg fabs dedicated to Intel 20A (2nm) and 18A (1.8nm). Notably, TSMC's Dresden fab is expected to begin volume production in 2027, around the same time when Intel's Magdeburg fab is also expected to begin volume production.
Taiwan-based LED company Edison Opto Corporation is expected to see an operation boost from the deployment of automotive finished products production lines. The company said the order visibility of automotive lighting is about half a year. More finished products will come in 2024.
Micromax, an India-based mobile phone vendor and once the top smartphone brand in India, has failed to make a comeback despite ongoing efforts and is reportedly eyeing the rising electric two-wheeler market.
Hyundai Mobis, a Hyundai Motor affiliate, has taken a step forward to diversify its customer base. The automotive parts supplier announced on August 9 that it has secured a large-scale contract for battery system assembly (BSA) with Volkswagen. Hyundai Mobis plans to build a plant in Spain to fulfill the order.
The auto industry's rapid shift to using Tesla Inc.'s charging standard for other electric cars will benefit Blink Charging Co., the company's chief executive officer said during its second-quarter earnings call.
Nuclear fusion technology is gaining momentum. Alpha Ring, a startup company that has pioneered electron-catalyzed fusion, originated in the US and is now flourishing in Taiwan, working to establish an ecosystem aimed at harnessing the ultimate energy solution. Their innovative micro-fusion reactor sets them apart from conventional fusion reactors.
New entrants in the automotive industry have been developing open platforms to grab the opportunities brought by electrification. Open platforms, supported by standardization and modularization, are critical for newcomers to launch their products in the market quickly.
South Korea's largest automaker is poised to gain its EV presence in India. Hyundai Motor announced on August 8 that it plans to launch five EVs and increase charging infrastructure in the world's most populous country by 2032. Its engineering center in India will also conduct more mobility research to equip the company with advanced technologies.
Car exports from China are on track to grow as the country shipped out the most automobiles worldwide in the first half of 2023. Cui Dongshu, secretary-general for the China Passenger Car Association (CPCA), said China is expected to see the exports exceed 5 million this year. The European market will likely be the largest driving force.
Taiwan Carbon Solution Exchangee (TCSE) officially commences operations at Kaohsiung Software Park, southern Taiwan on August 7th, focusing on three key directions: voluntary offsetting, incremental offsetting, and international carbon credit trading. In its initial phase, the exchange will primarily prioritize carbon consultation and auditing functions. The eagerly anticipated carbon credit trading, however, awaits validation through subsidiary laws, with potential commencement in the first half of 2024.
