Concerns that the US may impose further restrictions on AI chip exports to China have prompted Chinese companies to shift their focus to AI edge devices, according to sources at Taiwan-based IC design houses.

Samsung Electronics and SK Hynix are expected to see their memory production cuts significantly generate positive results in the second half of 2023, after experiencing a slowdown in memory business losses for the second quarter, according to news media reports from South Korea.

US-based startup Ramon.Space announced today that it has raised US$26 million in funding from Foxconn subsidiary Ingrasys, in addition to the Strategic Development Fund (SDF), an Abu Dhabi-based strategic investment firm. According to a company press release, other funding participants include existing investors of the company, suc as UMC Capital, Grove Ventures, and Deep Insight.

Vedanta appointed a veteran in the display manufacturing industry to head its venture in the display panel and LCD assembling business in India.

Touch solution provider General Interface Solution (GIS) is expected to see its capacity utilization rate improve in the second half of 2023, keeping its gross margin positive, according to industry sources.

Polarizer prices will likely remain in a standstill in the third quarter of this year despite recent rallies in panel prices and a 20% hike for glass substrates by Corning starting July, according to industry sources.

The era of universal IoT and smartification has arrived. Pegatron chairman T.H. Tung attended an open forum on June 28 and shared his observations on the future trends of the AIoT industry. He pointed out that the number of IoT devices worldwide is expected to continue to grow at exponential speeds in the future. AI will ride the wave of IoT and penetrate deeply into many industries. Tung is also optimistic that the combination of AI and IoT will lower the barriers for products and services, resulting in more micro/small-scale tech startups.

Businesses are adopting generative AI to improve productivity. According to an IBM study, about 50% of the CEOs surveyed said they have integrated AI into their decision-making and products. However, only 30% of the executive teams said their companies are ready for the technology.

Notebook connector and other component providers have recently experienced an increase in demand, indicating that the worst is over, according to industry sources.

China's smartphone shipments jumped 22.6% in May, accelerating sharply from previous months in a positive sign for the country's struggling mobile device industry.

As Xiaomi finds it increasingly difficult to operate in India, the smartphone vendor is reportedly downsizing its workforce in its largest market outside of China and has shifted the decision-making to its parent company in China.

The consumer electronics market is generally thought to be determined by economic ups and downs, but Honor Device CEO George Zhao thinks that it's the cycle of innovation that matters.