After reporting a 25% year-on-year revenue decline in the second quarter, STMicroelectronics has revised its sales outlook for 2024 downward for the second time.
Onsemi has announced a landmark supply agreement with Volkswagen (VW) - the world's second-largest automaker - to provide a complete power box solution for its next-generation electric vehicles (EVs).
China has intensified its pursuit of IC self-sufficiency, but efforts differ for automotive microcontroller units (MCUs) and MOSFETs, according to industry sources.
The European Union finds itself at a crossroads as it considers implementing anti-subsidy provisional tariffs on Chinese electric vehicle (EV) imports by the end of November. This move highlights the EU's complex relationship with China, balancing the need to protect domestic industries while maintaining crucial economic ties.
Microsoft faced a significant disruption in its cloud services on July 19, leading to temporary system outages in major organizations around the world. In a statement, the company attributed the incident to a software update from cybersecurity firm CrowdStrike, which affected 8.5 million Windows devices, representing less than 1% of the total.
The automotive industry's shift towards electrification is proving to be a more treacherous journey than anticipated, with actual performance falling short of expectations and investments yielding disappointing returns. What was once seen as a transformative opportunity has now become an "investment trap" for many supply chain companies struggling to keep pace with the trend.
MediaTek, a leader in consumer electronics and communications, is looking to establish itself as a key player in the smart car and Electric Vehicle (EV) ecosystem while deepening its deployment in automotive AI applications, according to Roy Chen, a staff aide to the company's co-COO.
Fanuc America, a subsidiary of Japan-based Fanuc, has completed construction of its new West Campus facility in Auburn Hills, Michigan. This marks Fanuc's second US facility since 2019 and underscores its commitment to bolstering North American investment. The expansion aims to meet the surging demand for factory automation, particularly within the automotive assembly sector.
Glass processing service provider G-Tech Optoelectronics (GTOC) has reported strong sales growth for the second quarter of 2024, driven by automotive applications.
China's aggressive automotive exports caught the world's attention, hitting a record high in the first half of 2024 but starting to slow down after tariffs imposed by Europe and the United States. However, few have noticed that China's semiconductor exports growth and dollar amount during the first half of the year both exceeded that of automotive exports.
Anticipating a wave of smartphone replacements and growing demand for automotive applications, Taiwan-based backend houses are optimistic about the CMOS image sensor (CIS) sector in the second half of 2024, according to industry sources.
Foxconn Interconnect Technology (FIT), a subsidiary of Hon Hai Technology Group (Foxconn), has announced plans to acquire Germany-based Auto-Kabel for a total of EUR72.5 million (US$78.8 million).
The automotive industry's ongoing transition to electronic systems and electrification is creating a "tug-of-war" between new and established Tier-1 suppliers, known for supplying automotive systems and modules directly to carmakers. Among them, Chinese companies, representing the new Tier-1 team, are significantly gaining ground. In contrast, established Tier-1 suppliers from Europe, the US, Japan, and South Korea are battling to defend their positions and avoid slipping in the rankings.
The automotive business currently accounts for the majority of Ams Osram's revenue and will continue to be the most important growth engine in the future, according to Chen Pinglu, Ams OSRAM SVP, Sales and Marketing Greater China and Rest of Asia.
Onsemi and OmniVision are now in a tight race for leadership in the automotive CMOS image sensor (CIS) market, with conflicting reports from research firms about which company held the top position in 2023.
The Volkswagen Group, one of the major foreign automakers operating in China, signed multiple new energy technology cooperation agreements with the SAIC Group on June 27.
The global automotive market is expected to become cautiously optimistic in the third quarter of 2024 as uncertainties like the European Union's election and the bloc's provisional tariffs on Chinese EVs diminish. The coming quarter offers the best opportunity for governments to boost the economy.
Automotive supply chains in Taiwan and China are seeing limited financial growth during the off-season in July and August. However, as inventory destocking ends, new energy vehicle (NEV) sales in China and other major markets show promising potential. Internal combustion engine (ICE) sales in Europe and the US have signaled a recovery. The development of fuel-cell vehicles has also been expedited.
The US, Japan, and South Korea pledged to cooperate more closely on building more resilient supply chains and developing key technologies, including semiconductors and critical minerals.
Automotive camera supplier Calin Technology held its annual shareholder meeting on June 25. Chairman Chia-Pin Liu said the company's operation in 2024 will exceed last year. As the inventory adjustment of video and security camera lenses is completed, Calin's operations are expected to return to the pre-pandemic level and come out of the red this year.
Volkswagen Group and US-based Rivian announced on June 25 that the former will invest up to US$5 billion in the emerging EV maker. The pair will also establish a joint venture focusing on software-defined vehicle (SDV) platforms.
