Taiwan's OSATs have seen their plants in Suzhou, Jiangsu province little affected by a power supply cut enforced by China under its carbon reduction policy, but they are more concerned that year-end labor shortage may impact their production and shipments, according to industry sources.
With its huge population of 100 million people, Vietnam has the potential to have more than one million electric vehicles (EV) by 2028 and 4.5 million EVs by 2050, according to Vietnam Automobile Manufacture Association (VAMA).
China-based Zing Semiconductor is expected to see its monthly production for 12-inch silicon wafers ramp up to one million pieces by 2025 from the current level of 250,000, according to company chairman Wei Li.
China-based Yangtz Memory Technologies (YMTC) has shipped over 300 million 64-layer 3D NAND flash memory chips and is ready to volume produce 128-layer QLC (quad-level cell) NAND, according to the company's chief operating officer Cheng Weihua.
Following in the footsteps of International IDMs and automakers to promote their SiC components for EVs, China auto and semiconductors makers are also preparing their homegrown SiC chips and modules for EV applications. After the announcement to develop SiC components a few weeks ago, Foxconn continues its investment in EV business with PPT in Thailand to expand its EV supply chains to Southeast Asia. In addition to EV manufacturing, its maintenance service recently has aroused many discussions from different sides, due to the eight-year warrants of early Tesla Model S and Model X being expired soon.
Taiwan-based chipmaker MediaTek announced its plans to recruit more innovation staff in India to support local manufacturing, according to PTI, although the actual number of new employees they are looking for is not disclosed.
Foxconn Electronics and Petroleum Authority of Thailand (PTT), an energy company owned and operated by the Thai government, will establish a joint venture for developing and producing electric vehicles (EVs) in Thailand, with Southeast Asia to be the target market. Foxconn is motivated by the Thai government's efforts to develop an EV ecosystem and policy goal of having EVs take up 50% of locally produced automobiles by 2030.