As part of its carbon reduction efforts, China is enforcing varying degrees of power cuts and rationing on industrial users in at least five provinces including Jiangsu and Guangdong, sending manufacturing plants, especially small-and medium-sized ones, cutting output or halting production entirely, according to industry sources.
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.
Corning has appointed Andrew Ho as president of Corning Display Technologies Taiwan (CDTT), replacing Daniel Tseng, who has been named president and general manager of Corning Display Technologies China.
Megvii Technology, a China-based artificial intelligence (AI) company, has finally received its notice of admission for listing on the Shanghai Stock Exchange Science and Technology Innovation Board (STAR market). The approval in September 2021 comes after six months of waiting.
US chip vendors have increasingly shifted their orders away from China-based foundries to mitigate potential risks arising from the ongoing trade tensions between the US and China, according to industry sources.
China's Semiconductor Manufacturing International (SMIC) will be expanding production capacity for 28nm and above process technologies by 2024, which will considerably boost its overall production capacity, according to industry sources.
More China-based memory makers will receive cash injections from the government, as China's National IC Industry Investment Fund (Big Fund) steps up its investment in the country's homegrown memory sector, according to industry sources.
The penetration rate of new energy vehicles (NEV) in China has beat forecast this year, rising from 5% last year to 14% in August 2021. Although the likelihood is high that the penetration rate of EV in China could grow ahead of schedule to 30-35% by 2023, Chinese carmaker BYD said the future for the industry is still unpredictable, given the market's magnitude and rapid evolution, according to many different Chinese news sources.
BYD Semiconductor, a spinoff from China-based carmaker BYD, has acquired a 77.75% stake in Jinan Energen Semiconductor for CNY5 billion (US$774.8 million). Energen makes silicon (Si) and silicon carbide (SiC) power devices.