In 2023, South Korea saw the first decline in rechargeable battery exports in eight years. The industry suspected that the situation is related to major battery manufacturers like LG Energy Solution, Samsung SDI and SK On moving most of their production overseas.
Malaysia aims to move beyond the packaging and testing industry into the chip design sector along the semiconductor supply chain by announcing Southeast Asia's largest IC design park.
India is ramping up efforts to craft dedicated AI regulations or frameworks to address challenges posed by generative AI as it prepares for the AI-driven future.
Microsoft touted as the world's largest AI service provider, has reportedly invited several leading figures in the South Korean tech industry to attend a high-level meeting.
The expectation for the OLED display market in 2024 is quite high, with market research firms forecasting a rebound in revenue, especially with Apple's iPad set to feature OLED displays for the first time, which is expected to drive market growth.
Nvidia is arguably the biggest "beneficiary" of Artificial Intelligence (AI) so far, but the recent 10% plunge in Nvidia's stock price and the evaporation of its market capitalization of US$211 billion have triggered concerns in the South Korean semiconductor industry.
Japan and the European Union have agreed to collaborate on a scheme to share information about battery material production locations and the supply chain. The move will help the two parties track lithium and other minerals in batteries and prevent materials from outflowing from these regions. The information sharing will also reduce Japan and the EU's dependence on battery materials produced in China.
As more EV models are available and prices decrease, EV sales have grown notably in recent years. However, the growth rate will slow in 2024, making one wonder whether the "golden cross" between EV and Internal Combustion Engine vehicle (ICE) sales will arrive on time.
Amid economic uncertainty, China still saw a surge of "unicorns" in 2023, particularly in sectors such as AI, semiconductors, aerospace, and new energy vehicles.
In the wake of SpaceX's groundbreaking success with Starlink, China is gearing up to launch its own rendition of the satellite constellation, leveraging its formidable aerospace prowess and technological might.
Taiwan's PCB and semiconductor equipment manufacturers are poised to enhance their footprint in Southeast Asia by establishing manufacturing operations or bolstering their customer base in the region.
Hyundai Motor has reportedly tied up with battery maker SK On in the US. Before the pair establishes a joint venture, SK On will retool a battery production line dedicated to Ford at its plant in the State of Georgia and manufacture batteries for Hyundai instead.
Besides launching a new wave of EV price-cut strategies in 2024, Tesla is also undergoing a global mass layoff, highlighting the severe sales challenges Tesla is facing in the Chinese market.
