Japan's Sumitomo Metal Mining (SMM) has decided to construct a new 8-inch direct bonded SiC wafer substrate mass-production prototype line, which will be completed for March 2024 and start commercial run in 2025.
Ola Electric, Reliance New Energy and Rajesh Exports have signed agreements with the Indian government for locally-made battery cells, in a bid to create a self-reliant battery ecosystem in India, according to Business Standard and Reuters.
Indonesia attracted new investments worth a total of Rp 37.1 trillion (US$2.48 billion) from Japanese automakers, Mitsubishi and Toyota through the coordinating minister for Economic Affairs, Airlangga Hartarto recently.
Despite the headwinds across the automotive industry, Volkswagen Group saw a more than 10% increase in 1H22 operating profits from last year. CFO Arno Antlitz said the environment and competition in 2H22 and 2023 are expected to become more intense, but the group is well-prepared for the challenges.
VVDN Technologies, India's local EMS/ODM supplier, will manufacture India's first indigenously designed High-Performance Computing (HPC) servers, a sign of a developing local electronics manufacturing ecosystem in India thanks to lucrative incentive policies.
South Korea-based LG Energy Solution will produce LFP (lithium iron phosphate) battery at its factory in Nanjing, China, with production expected to kick off in 2023, according to Chinese media.
Chip manufacturing has a 4-decade history in India, starting with Semiconductor Complex Limited (SCL) fab in the early '80s. However, this wasn't much of a success compared to the rapid growth in this industry worldwide. Now, with renewed efforts, the Indian government is hoping to revamp chip manufacturing in India for domestic as well as worldwide markets.
Malaysia's semiconductor industry has matured, and a number of companies have built or expanded their operations in the country. This trend is likely to continue as long as future demand for semiconductors, automotive, cloud computing and telecommunication industries remain strong.
Demand for electric vehicle (EV) batteries has surged as countries pledge to phase out gasoline cars and automakers roll out more EV models. According to a report from the International Energy Agency (IEA), global battery demand will grow to over 3500 GWh by 2030. Therefore, investment in the supply chain, especially in raw materials extraction, is needed now.
Electronics manufacturing took up 8.66% of all job opportunities available in Vietnam in 2021, the largest among all industry sectors in the country, according to Vietnam Express.
Amid a fierce tussle between India's state governments to woo chip plants, Gujarat announced India's first incentive scheme for semiconductor and display investments.
Vedanta and Foxconn, jointly applying for India's INR760 billion semiconductor and display fabs incentive scheme, are eyeing an INR1.6 trillion investment in India's western state Maharashtra.
China has emerged as the world's largest regional market for electrical vehicles (EV) and will remain on track to grow fast on a series of policy incentives designed to encourage EV production and purchases, prompting Taiwan components suppliers to step up deployments to explore more business opportunities.
India is emerging as one of the EV markets with great growth potential in the world, promising good business opportunities for Taiwan's hardware suppliers, according to industry sources.
