UK-based MG Motor unveiled the most affordable EV in India, looking to seize the opportunity of a rapidly-rising market as the International Energy Agency recommends cheaper models...

Wolfspeed posted a growing revenue and a widening loss. The US-based silicon carbide (SiC) substrate supplier also announced it had shipped its first 200mm SiC substrates from its...

Pure-play foundry United Microelectronics (UMC) expects its wafer shipments and ASPs to both register about flat sequential increases in the first quarter of 2023, with its capacity...

TSMC and United Microelectronics (UMC) have both stepped up their deployments in the automotive IC field.

TSMC and GlobalFoundries have both struck long-term contracts with car vendors.

Kia Corp. wants to increase sales of electric vehicles so they account for 9% of revenue by the end of the year, up from 5.5% last quarter.

BYD Co. is China's best-selling car brand for the first time, dethroning Volkswagen AG as it continues its meteoric rise.

Rumors concerning the real reasons behind Tesla's decision to announce a 75% cut in SiC use for its future EVs have recently emerged, with some sources saying it has a lot to do with...

Strong sales worldwide in the first quarter of 2023 helped Hyundai Motor's profits. The carmaker released the financial results on April 25, with net profit growing 92.4% year-over...

SK Hynix saw its operating loss widen to about KRW3.4 trillion (US$2.54 billion) in the first quarter of 2023 from KRW1.9 trillion in the prior quarter, when revenue declined 34%...

South Korea's top-3 battery makers SK On, LG Energy Solution (LGES), and Samsung SDI are all on track to build additional domestic production capacities, in order to reduce the country's...

General Motors is expecting a strong 2023. It raised its whole-year guidance on April 25 after finishing the first quarter with US$3.8 billion of adjusted EBIT. In addition, the automaker...

Recently, rumors came out of the supply chain markets in China and Taiwan that in response to the price wars initiated by battery EV (BEV) leader Tesla in the first quarter of 2023,...

Some Taiwan-based IC design houses and other chip vendors in Japan and the US may cut their orders for semiconductor parts by 10-20% in the second quarter on top of weak demand in...

US regulators cleared automakers to use systems that let vehicles communicate wirelessly with one another, offering a path forward for life-saving technology after years of disputes...