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General Motors Co. outsold Japanese automaker Toyota Motor Corp in the United States in the third quarter, data on Monday showed, but analysts and investors are fretting that a darkening economic picture will lead to a drop in car sales.
Reuters
Seen as the most promising next-generation solar cell, this technology, called perovskite, is exactly what Japanese start-up Enecoat Technologies is trying to develop.
BBC News
Top US lawmakers are urging the Biden administration to put Chinese semiconductor company Yangtze Memory Technologies on a blacklist for allegedly violating export controls by supplying Huawei.
The Financial Times
Hyundai Mobis, the parts and tech provider for South Korean automakers Hyundai, Genesis, Kia, and others, revealed its North American EV expansion strategy. As demand for electric vehicles continues growing, the sixth largest global parts supplier says having a strong production capacity will be critical, which is why it's rapidly increasing its capabilities.
Electrek
South Korea's opposition to new rules governing U.S. subsidies for electric vehicles are set to overshadow President Yoon Suk-yeol's first official trip to the United States, disrupting a recent display of alliance strength with Washington.
Reuters
Interest rate hikes by central banks around the world could trigger a global recession in 2023, the World Bank has said.
BBC News
A 6.8 magnitude earthquake hit the sparsely populated southeastern part of Taiwan on Sunday, the island's weather bureau said, derailing train carriages, causing a convenience store to collapse and trapping hundreds on mountain roads.
Reuters
Tighter restrictions on US semiconductor and equipment sales are set to test China's artificial intelligence superpowers as Washington removes a key plank of next-generation technological development.
Bloomberg
Wolfspeed, the wide-bandgap chipmaker focused on silicon carbide and gallium nitride devices, plans to spend up to $5 billion to chase demand in the electric vehicle business that shows no signs of slowing down.
EE Times
China is beset by severe economic problems. Growth has stalled, youth unemployment is at a record high, the housing market is collapsing, and companies are struggling with recurring supply chain headaches.
CNN
Republican lawmakers have warned Apple that it will face intense scrutiny from Congress if the California company procures memory chips from a controversial Chinese semiconductor manufacturer for the new iPhone 14.
The Financial Times
The US government is loosening restrictions on the sharing of technology with blacklisted firms, seeking to maintain America's lead in setting international standards as China closes the gap.
Bloomberg
The Biden administration plans next month to broaden curbs on US shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said.
Reuters
A Reuters review of more than a dozen publicly available government tenders over the past two years indicated that among some of China's most strategically important research institutes, there is high demand - and need - for Nvidia's signature A100 chips.
Reuters
Volkswagen and Foxconn Technology Group are keeping their workers on-site in their factories in Chengdu after the Chinese metropolis locked down its 21 million residents to contain a Covid-19 outbreak.
Bloomberg
The Japanese yen on Thursday fell to 140 yen per dollar, reaching a level last seen in August 1998.
Nikkei Asia
Chengdu has become the latest Chinese city to be locked down as Beijing continues to pursue its controversial "zero-Covid" policy.
BBC News
At Hot Chips 34, a new player entered the high-performance GPU market.
All About Circuits
China has placed millions of its citizens under renewed lockdown after fresh outbreaks of Covid-19 as the government persists in its hardline policy on containing the virus in the face of more evidence that it is suffocating the economy.
Guardian
Citi analyst says that the continuing strength of the auto and industrial sectors will wane just like consumer electronics has, predicts 'every company/end market will correct' for chips.
MarketWatch
Beijing has announced tens of billions of dollars in stimulus measures in a bid to shore up confidence as China's economy is battered by a snowballing property sector downturn and President Xi Jinping's stifling zero-Covid policies.
The Financial Times
One particular region is out of Sony's price-hike crosshairs for now: the United States.
Ars Technica
China's central bank has cut its mortgage rate as officials work to support the crisis-hit property market. The People's Bank of China lowered the five-year loan prime rate (LPR) by 1.5pp, which matches its biggest cut on record.
BBC News
The UK has blocked the takeover of an electronic design company by a Hong Kong rival over national security concerns, in the latest sign of growing British anxiety about Chinese investment.
Guardian
The US has announced that they will begin formal trade negotiations with Taiwan, weeks after a controversial visit by US House Speaker Nancy Pelosi. The first round of talks is expected to begin in "early fall", said the Office of US Trade Representative.
BBC News
Samsung Electronics broke ground recently for a new semiconductor research and development complex in Giheung, Korea, with plans to invest about KRW20 trillion (US$14.95 billion) by 2028.
Company release
Apple supplier Foxconn has signed a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City to expand its facility in the north of the country to diversify and boost production, state media said on Saturday.
Reuters
South Korea's early exports barely rose in August as geopolitical risks and central bank tightening weigh on the world economy.
Bloomberg
China's Sichuan province has ordered all factories to shut down for six days to ease a power shortage in the region as a scorching heat wave sweeps across the country.
CNN
China's top anti-corruption watchdog has launched investigations against several executives linked to the country's largest chip investment fund, as Beijing steps up scrutiny of the sector in its race for technological self-sufficiency.
The Financial Times
China's CATL will build a ??.3bn battery plant in Hungary, increasing its foothold in Europe and cementing its status as the world's largest car battery manufacturer.
The Financial Times
Samsung Electronics vice chairman Jay Y. Lee received a presidential pardon Friday for his role in a 2016 political scandal, a move the South Korean government says is necessary so the country's largest chaebol can help steady the national economy.
Ars Technica
Shipments to iPhone assembler Pegatron's factory in China were being held for scrutiny by Chinese customs officials a day after the company's senior executive met with US House speaker Nancy Pelosi in Taipei.
Nikkei Asia
TSMC CEO CC Wei said he had never had an auto industry executive call him until the shortage was desperate. "In the past two years they call me and behave like my best friend," he told a laughing crowd of TSMC partners and customers in Silicon Valley recently. One automaker called to urgently request 25 wafers, said Wei, who is used to fielding orders for 25,000 wafers. "No wonder you cannot get the support."
Reuters
Samsung Electronics has scaled back production at its massive smartphone plant in Vietnam, employees say, as retailers and warehouses grapple with rising inventory amid a global fall in consumer spending.
Reuters
China has begun live fire military drills - its biggest-ever in the region - in the waters around Taiwan.
BBC News
Keith Krach, former Under Secretary of State for Economic Growth, Energy, and the Environment in the Trump administration, speaks on the significance of the CHIPS Act, which has since been passed by the House in a 243-187 vote.
EE Times
The Biden administration has been weighing a potential ban for months, but has elected to order the Commerce Department to issue a new rule that will effectively block the export of chip design software that's required to make chips with an emerging technology called gate all around, according to a person familiar with the administration's plans.
Protocol
Washington had banned the sale of most gear that can fabricate chips of 10 nanometers or better to Chinese leader SMIC without a license. Now it has expanded that barrier to equipment that can make anything more advanced than 14 nm, Lam Research CEO Tim Archer told analysts.
Bloomberg
Apple reported an almost 11% decline in profit after weathering supply constraints and shutdowns in China, although iPhone sales continued to grow, remaining resilient despite economic challenges.
Wall Street Journal
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