COVID remains in effect to forcibly diminish production of car parts and electronics. Realme remains the most popular smartphone brand in the Philippines. Indonesia is opening two new economic zones to accelerate development of tech and digital economy.
India continues to keep up its efforts in promoting manufacturing and usage of electric vehicles (EV). On the other hand, the global shortages of semiconductors are hitting both car and electronics sectors hard.
More China-based memory makers will receive cash injections from the government, as China's National IC Industry Investment Fund (Big Fund) steps up its investment in the country's homegrown memory sector, according to industry sources.
India-based automotive electrical component maker Lucas TVS has signed with US-based 24M Technologies for licensed use of the SemiSolid technology, which is used for manufacturing lithium-ion batteries. Lucas TVS will set up factories of such batteries across India, according to India-based Economic Times and Business Standard.
Universal Scientific Industrial (USI) has started production at a new plant in Vietnam, with the facility to focus on manufacturing SiP (system in package) modules for wearables initially, according to the company.
The penetration rate of new energy vehicles (NEV) in China has beat forecast this year, rising from 5% last year to 14% in August 2021. Although the likelihood is high that the penetration rate of EV in China could grow ahead of schedule to 30-35% by 2023, Chinese carmaker BYD said the future for the industry is still unpredictable, given the market's magnitude and rapid evolution, according to many different Chinese news sources.
Taiwan-based PCB maker Apex International, with main manufacturing operations in Thailand, saw its August revenue drop 27.2% sequentially due to the impact of COVID outbreaks in Southeast Asia on its deliveries.
Smart security surveillance solution provider Vivotek had a total of 570 MD8563-EH mobile dome network cameras adopted for a newly completed mass rapid transit (MRT) system across Bangkok, Thailand, according to the company.
The global automotive supply chain is seeing worsened shortages of semiconductors and lithium batteries in the third quarter as the pandemic in Southeast Asia disrupts production of semiconductors. The outlook of the fourth quater is not promising.
BYD Semiconductor, a spinoff from China-based carmaker BYD, has acquired a 77.75% stake in Jinan Energen Semiconductor for CNY5 billion (US$774.8 million). Energen makes silicon (Si) and silicon carbide (SiC) power devices.