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IN THE NEWS
Monday 1 August 2022
Samsung semiconductor division posts record revenue for 2nd consecutive quarter
Samsung Electronics has reported consolidated revenue climbed to a record high of KRW77.2 trillion (US$59.4 billion) in the second quarter of 2022, when its device solutions (DS)...
Monday 1 August 2022
Renesas, UMC Q2 results firm on strong auto and industrial chip demand
There is a very obvious diverge in the Q2 financial results of semiconductor companies – those with automobile and industrial grade chips taking the majority of their operations...
Monday 1 August 2022
BASF Toda Battery Materials to expand CAM production capacity
BASF Toda Battery Materials (BTBM), a Japan-based maker of cathode materials established by Germany-based BASF and Japan-based Toda Kogyo on a joint-venture basis, will expand production...
Monday 1 August 2022
Denso launches new RC-IGBT for EV, reducing energy loss by 20%
Japan's top automotive components supplier Denso is keen to develop and produce automotive power chips on its own, and has just unveiled a new power semiconductor device for electrical...
Monday 1 August 2022
SEA roundup: FDI expanding in Malaysia, Indonesia, Vietnam
Foreign investments in Indonesia, Malaysia and Vietnam have expanded vastly, with investors coming from Japan and South Korea.
Monday 1 August 2022
Reliance, Ola Electric, Rajesh Exports to build battery cell manufacturing
Ola Electric, Reliance New Energy and Rajesh Exports have signed agreements with the Indian government for locally-made battery cells, in a bid to create a self-reliant battery ecosystem...
Friday 29 July 2022
Indonesia attracts a US$2.5 billion investment from Toyota and Mitsubishi
Indonesia attracted new investments worth a total of Rp 37.1 trillion (US$2.48 billion) from Japanese automakers, Mitsubishi and Toyota through the coordinating minister for Economic...
Friday 29 July 2022
Volkswagen reported EUR 13.2 billion operating profit in 1H22, increasing 27% BEV deliveries
Despite the headwinds across the automotive industry, Volkswagen Group saw a more than 10% increase in 1H22 operating profits from last year. CFO Arno Antlitz said the environment...
Friday 29 July 2022
CyberLink's facial recognition technology expected to generate revenue in 2023
In its online earnings call on July 26, CyberLink's chairman and CEO Jau Huang indicated that the company's FaceMe facial recognition engine is expected to contribute to revenues...
Friday 29 July 2022
LG Energy Solution to produce LFP batteries in Nanjing, China
South Korea-based LG Energy Solution will produce LFP (lithium iron phosphate) battery at its factory in Nanjing, China, with production expected to kick off in 2023, according to...
Friday 29 July 2022
Diode makers put focus on automotive, industrial application
Most Taiwan-based power diode makers are striving to ramp up their sales for automotive and industrial control applications to sustain revenue and profit growth, according to industry...
Thursday 28 July 2022
NHOA.TCC inaugurates first EV charging station combining solar power and energy storage in Taiwan
NHOA.TCC, a subsidiary of Taiwan Cement, inaugurated on July 27 an EV charging station in Taipei City. It is Taiwan's first DC/DC charging station that integrates solar power while...
Thursday 28 July 2022
IEA: Global EV battery demand to reach 3500 GWh by 2030
Demand for electric vehicle (EV) batteries has surged as countries pledge to phase out gasoline cars and automakers roll out more EV models. According to a report from the International...
Thursday 28 July 2022
Solar-powered vehicle Sion enters production 2H23
Germany-based solar vehicle manufacturer Sono Motors announced that it would start the production of its solar-powered vehicle Sion in the second half of 2023 in Finland.
Thursday 28 July 2022
Laster Tech to post revenue growth through 4Q22
LED automotive lighting module maker Laster Tech expects to post sequential revenue increases through the fourth quarter of 2022, with revenue for the year registering a 13-15% surge...