In the first quarter of 2024, BYD's net profit was CNY4.57 billion (approx. US$630 million), a year-on-year increase of 10.6%, but a significant decrease of 47.3% compared to the fourth quarter of 2023. This highlighted that profitability was impacted by slowing demand for EVs and intense price competition. Market analysis suggests that while the penetration and sales of EVs are growing, it has come with a decrease in profits.

In the first quarter of 2024, Huawei's revenue and net profit showed remarkable annual growth rates of 37% and 564% respectively.

Leading handset chip vendors Qualcomm and MediaTek are unlikely to be alarmed by Huawei's fast rebound in China's smartphone market, according to industry sources.

In response to the flourishing development and expanding applications of AI, a race to acquire the most AI servers between China's trio of telecom giants has been ignited.

With the destocking of Microcontroller Unit (MCU) inventories ending, Holtek Semiconductor believes the worst is over for MCUs and has seen its on-hand orders for the second quarter stabilize.

The announcement for Apple's iPad Pro 2024 has been repeatedly delayed, reportedly due to issues related to OLED panels. Despite this, it was recently revealed that the two major South Korean manufacturers, LG Display (LGD) and Samsung Display (SDC), are responsible for supplying OLED panels for the new iPad and will incorporate many new panel technologies not previously used in iPhones.

How will people live 30 years from now? From the perspective of startup Meredot, wireless charging will become part of our daily lives.

Ongoing layoffs at Tesla have hit the EV maker's charging team.

Many Chinese semiconductor firms have told customers they are raising prices due to rising costs of precious metals, such as gold and copper, according to industry sources.

Amid sluggish iPhone sales, Samsung Electronics and Chinese smartphone brands have begun to take advantage of this gap and expand their inventory of smartphones and OLEDs to seize market shares. This drove the utilization rates of OLED production lines for mid-to-low-end smartphones at Samsung Display (SDC), BOE, TCL CSOT, and other manufacturers.

Japan's Asahi Kasei has unveiled plans to construct an integrated plant in Ontario, Canada.

Amid the ongoing technology war between the US and China, the intensification of the "de-Chinafication" effect is apparent.

Chinese EV giant BYD saw weaker revenue and profit growth in the first quarter of 2024.

Leading new energy players are establishing their supercharging alliances for EVs.

Notebook production in Vietnam has increased dramatically, making the country the second largest source of imports to the US behind China, according to government sources.