Application processor (AP) shipments for Chinese smartphones performed below expectation in the fourth quarter of 2023 as handset shipments already peaked in the previous quarter, and the volumes will go down further in the first quarter of 2024, but only by a small margin.
China-based smartphone brands' combined shipments went up above 10% both sequentially and annually in the fourth quarter of 2023. Although the volumes will slip on quarter in the first quarter of 2024, they will continue to enjoy on-year growth.
Based on DIGITIMES Research's statistics, fourth-quarter 2023 global server shipments grew 3.1% from the prior quarter, coming somewhat short of expectation.
Automakers and auto technology developers presented multiple new energy concept cars, coupled with autonomous driving and AI-enhanced smart voice assistants at CES 2024.
China, Japan and South Korea are all keen on pushing the development of solid-state batteries for EVs with volume production expected for 2025 and commercially available for 2028.