Following in the footsteps of International IDMs and automakers to promote their SiC components for EVs, China auto and semiconductors makers are also preparing their homegrown SiC chips and modules for EV applications. After the announcement to develop SiC components a few weeks ago, Foxconn continues its investment in EV business with PPT in Thailand to expand its EV supply chains to Southeast Asia. In addition to EV manufacturing, its maintenance service recently has aroused many discussions from different sides, due to the eight-year warrants of early Tesla Model S and Model X being expired soon.
Developed by Google and Reliance Industries, JioPhone Next's launch has been postponed to November. Although there is a variety of factors behind the delay, the reality has proven more dire than Reliance has expected amid component shortages.
Corning has appointed Andrew Ho as president of Corning Display Technologies Taiwan (CDTT), replacing Daniel Tseng, who has been named president and general manager of Corning Display Technologies China.
Foxconn Electronics (Hon Hai) and Petroleum Authority Thailand (PTT), an energy company operated by the Thai government, will establish a joint venture for developing and producing electric vehicles (EVs) in Thailand, with Southeast Asia to be the target market, according to Foxconn.
The ever-changing business environment has urged companies to always stay agile to prepare for the unexpected. Innovation, then, becomes the main factor for companies in different industries to ensure their organic growth. The traditional industries, such as textiles and apparel, bike manufacturing, food, and even real estate, are also looking for innovations either internally or via collaboration with partners.
Megvii Technology, a China-based artificial intelligence (AI) company, has finally received its notice of admission for listing on the Shanghai Stock Exchange Science and Technology Innovation Board (STAR market). The approval in September 2021 comes after six months of waiting.
US chip vendors have increasingly shifted their orders away from China-based foundries to mitigate potential risks arising from the ongoing trade tensions between the US and China, according to industry sources.
Somboon Advance Technology (SAT) was founded in 1995 by the Kitaphanichs and the shareholders of Bangkok Spring Industrial, and went public in 2005 in Thailand. The Kitaphanichs were the founders of the pioneer automotive spring maker Somboon Spring Limited Partnership.
China's Semiconductor Manufacturing International (SMIC) will be expanding production capacity for 28nm and above process technologies by 2024, which will considerably boost its overall production capacity, according to industry sources.
India's production-linked incentive (PLI) schemes have proven fruitful in promoting local handset manufacturing; however, the government has not disclosed further PLI details for the automotive segment since it was announced in November 2020. Industry sources indicated that the government wants to subsidize only electric vehicle (EV) and hydrogen-fueled vehicle.