As major countries, particularly the United States, escalate their substantial subsidies for domestic semiconductor production, South Korea's industry is increasingly concerned about its lagging policies and lack of local manufacturing incentives. Reports suggest that the South Korean presidential office is crafting a subsidy plan aimed at fostering and attracting Small and Medium-sized Enterprises (SMEs) from both home and abroad.
Samsung Electronics has appointed company vice chairman Young Hyun Jun as the new leader of its Device Solutions (DS) division. Jun will be responsible for overseeing the company's semiconductor business and enhancing its competitive position in the face of an unpredictable global business climate.
Market sources have identified Naura Technology as the principal beneficiary of China's initiative to achieve self-sufficiency in chipmaking equipment. Revenue for the Chinese fab toolmaker increased by 50.7% in 2023.
The time it's taking for some of China's electric car makers to pay suppliers is ballooning — a further sign of stress in the nation's increasingly cutthroat auto market.
Samsung Electronics and SK Hynix reported a surprising increase in semiconductor inventories in the first quarter, even as the memory market improved. The companies attributed the rise to accounting adjustments that reflected higher memory prices and reduced provisions in their income statements.
EDA giant Synopsys has completed the tape-out of a high-performance mobile SoC design using Samsung Electronics' 3nm GAA (Gate-All-Around) wafer foundry process. This chip is set to be used in Samsung's Galaxy smartphones in 2025.
Indian solar energy company Orb Energy has reduced its reliance on Chinese components by over 20% in recent years, in line with the general trend of diversifying supply chains.
The major Japanese automakers such as Toyota, Nissan, and Honda are planning cross-industry collaborations to develop new automotive technologies. The scope includes Generative AI (GenAI), semiconductors, application programming interfaces (APIs), LiDAR, simulation, cybersecurity, high-definition 3D maps, and more.
The world's first 10th-generation LCD panel factory, located in Japan's Sakai and operated by Sharp subsidiary Sakai Display Products (SDP), is set to cease production by September 2024. The impending closure has ignited industry concerns regarding how major customers, including Shenzhen MTC, Samsung Electronics, and LG Electronics, will reassess their supply partnerships for transferring orders.
Samsung Electronics recently established the Galaxy Value Innovation team, preparing to venture into the refurbished smartphone market. The hope is to enhance the value of the Galaxy smartphone brand and further boost sales of new devices.
