Tokyo Electron (TEL), Asia's largest semiconductor equipment manufacturer, is also the world's third-largest. It not only enjoyed extraordinary growth in 2021, and achieved record high sales and profits, but is also looking forward to growing another 20% for its fab equipment business for the 2022 calendar year.
Turn Cloud Technology Service, a Taiwan-based startup developer of OMO (online merge with offline) total solutions for digital transformation of retail operations, has signed an MoU with Japan-based VINX and Hitachi Solutions for introducing its products and technology to retail store chains, hypermarkets and shopping centers in Japan and Southeast Asia, according to Taiwan's National Development Council (NDC).
Chinese foundry houses including Hua Hong Semiconductor and CanSemi Technology recently have successfully raised new funds to finance capacity expansions at their 12-inch wafer fabs, despite IC designers reportedly continuing order cuts amid sluggish terminal market demand, according to industry sources.
China-based LCD panel maker HKC is applying for listing on ChiNext market under the Shenzhen Stock Exchange to raise CNY9.5 billion (US$1.42 billion), according to industry sources.
Semiconductor Manufacturing International Corp (SMIC) and Intel are facing different constraints in expanding their presence in the global foundry market while they are on track to bolster domestic semiconductor self-sufficiency in China and the US, respectively, in their capacity as the bellwether foundry in their own countries, according to industry observers.
India is steadily transitioning to EVs as more companies offer vehicles and charging infrastructure. But one issue that continues to remain a challenge is the lack of standardized charging protocol, according to EV Cosmos, a company that is rapidly expanding to offer EV chargers across the country.
Smith+Nephew, the global medical technology company, today opened its new high-technology manufacturing facility in Batu Kawan Industrial Park in Penang, Malaysia.
Amid rapidly growing EV sales in recent years, India has decided to further lower the value-added tax on EV batteries to encourage EV adoption, which may benefit swappable EVs.
Indonesia car parts supplier Dharma Polimetal (DRMA) expects supply of microchips to return to normal next month, according to Indonesian-language news outlet Bisnis.
Unimicron Technology and Kinsus Interconnect Technology, two top ABF substrate manufacturers in Taiwan, were listed 28th and 30th in the Asia IC50 2022 ranking released by DIGITIMES Asia. The ABF substrate industry has seen its downturn and bounced back, thanks to the surging demand for remote working and home entertainment encouraged by the COVID-19 pandemic.
Tata Power announced a plan to set up a mega solar manufacturing plant in Tamil Nadu, echoing the Indian government's aim to build a self-reliant solar supply chain.
Japan-based Idemitsu Kosan and NGK Spar Plug as well as Shinshu University and Toyohashi University of Technology are developing materials used in all-solid-state lithium (Li) batteries, according to Japan-based media.
Google, which is having a majority of its Pixel 6 smartphone made in China, is considering shifting orders for its future phones to its manufacturing partners' plants in Vietnam to avoid the risks from the ongoing US-China trade tensions and China's COVID-19 lockdowns, according to sources from the upstream supply chain.
Toyota's official data showed that the Japanese carmaker missed its global production target in May. However, Toyota's production in Indonesia seems to be in "luckier conditions," the marketing director at Toyota Indonesia was cited by Indonesian-language news outlet Bisnis.
The reality of commuting with robotaxis has come closer. Cruise, a GM-owned self-driving car company, began charging for its driverless taxi rides in part of San Francisco. Two months earlier, autonomous vehicle (AV) technology companies Apollo and Pony.ai received approval for operating their self-driving taxi services without a safety driver in a suburb of Beijing.
