China-based LiDAR company Hesai Technology will expand its software effort in Chongqing, one of the automotive production hubs in the country. The company plans to establish a global software R&D center in the city, setting up an industrial park dedicated to LiDAR technologies.
South Korean LG Energy Solution has restarted a plan to build battery plants in Arizona, the US. The company said it will invest KRW7.2 trillion (US$ 5.5 billion) in the project to make cylindrical batteries for EVs and LFP cells for energy storage systems (ESS).
As governments and experts are working to develop and advance quantum computing, China has formed its first intellectual property league, offering members shared patents to co-build a quantum technology ecosystem.
With Chinese automakers seeking to get low quotes from their auto component suppliers, the auto component makers reportedly have turned to request their suppliers of chips in oversupply to cut prices by 10-15% as automotive chips are starting to have mixed levels of shortages, according to sources from the related upstream supply chain.
Terry Gou, the billionaire founder of Foxconn Technology Group, is embarking on a 12-day trip to the US, as the independent presidential hopeful seeks to convince voters of his ability to lead Taiwan and balance its business and security priorities.
World-leading battery maker CATL aims to begin the mass output of M3P batteries this year, according to the company's chairman Zeng Yuqun. Moreover, the company has also developed large-sized cylindrical batteries containing higher energy density than existing products in the market.
Huawei Technologies Co. has developed software tools capable of designing chips as advanced as 14 nanometers, advancing efforts to help Chinese companies sidestep US sanctions and replace American technology.
Power semiconductor devices remain in high demand as automotive IC shortages have generally been mitigated. According to DIGITIMES Research analyst David Ma, insulated-gate bipolar transistors (IGBT) will likely see supply and demand reach equilibrium in the third quarter of this year. Its production capacity will also grow significantly in the coming years.
In order to gain an early advantage in 6G development, China's Future Mobile Communications Forum and Purple Mountain Lab held the 2023 Global 6G Technology Conference in Nanjing on March 23, focusing on finding a coherent direction before 6G technological standards are set into stone. Technologies covered in the forum included 6G core technology, application scenarios, etc.
As Nvidia founder Jensen Huang observed the "iPhone moment for AI", AMD has also strengthened its role in artificial intelligence (AI). The GPU/CPU provider has reportedly set up a business unit dedicated to AI, reflecting AMD CEO Lisa Su's remark that AI will be "the most important thing of the next 10 years."
Electrification and decarbonization will not be achieved without electrifying long-haul fleets and other types of transportation such as rail, marine and aviation. As lithium batteries might not satisfy the range and power needs of heavy-duty transport, several OEMs are planning for series production of hydrogen-powered internal combustion engines (H2ICE) targeting as early as 2023-2025, according to principal investigator and senior R&D engineer at Sandia National Laboratories Ales Srna.