Citing costs and productivity, Tesla informed its employees on April 15 that it plans to cut 10% of its workforce worldwide. The news came after Tesla reported a decreased delivery for the first quarter of 2024 amid soft EV demand.
AI took center stage at the 2nd Hong Kong International Innovation and Technology Expo (InnoEX) and the 20th Hong Kong Electronics Fair (Spring Edition), as AI technologies and applications continue to generate buzz and attention in the tech world.
Since acquiring American automotive audio maker Harman in 2016, Samsung Electronics has seemingly suspended large-scale mergers and acquisitions (M&A) for the past 8 years. Recently, there have been reports that Samsung is preparing to resume M&A deals worth trillions of Korean Won, with several key figures already in position.
At the Taiwan and India Ecosystem Partners Connection event held on April 12, Grace Wang, vice president and general manager at Intel Taiwan, encouraged Intel's partners in Taiwan and India to deepen their relationships.
Ahead of a meeting between Tesla CEO Elon Musk and Indian Prime Minister Narendra Modi, it is reported that Tesla is talking with Tata Electronics for chip supply and is looking to rely on local component suppliers rather than international electronics majors to build an EV ecosystem.
The US Department of Commerce (DOC) and Samsung Electronics signed a non-binding preliminary memorandum of terms (PMT) on April 15 to provide up to US$6.4 billion in direct funding under the CHIPS and Science Act. Samsung is expected to invest more than $40 billion in central Texas in the coming years, including HBM and 2.5D packaging capacities.
OpenAI named the former president of Amazon Web Services's Japan arm to spearhead its push to woo enterprise clients in the world's fourth-largest economy.
Apple Inc.'s iPhone shipments slid a worse-than-projected 10% in the March quarter, reflecting flagging sales in China despite a broader smartphone industry rebound.
Market rumors said Samsung Electronics and SK Hynix are planning to resume the capacity expansion plans at its Pyeongtaek and Cheongju fabs, which were put on hold during the previous business downturn.
Retailers in southern India threatened to stop selling OnePlus smartphones starting in May as China-based smartphone brands are facing hurdles in a market they once viewed as lucrative.
Taiwan-headquartered nFore has captured the attention of European and US automakers, with some visiting the company's site in private. The traction gained as carmakers found a significant portion of nFore's Digital Signal Processing (DSP) solutions when tearing down competitors' Telematics-Box (T-Box) and analyzing their software.
Taiwan's Young Fast Optoelectronics is poised to expand its vertical integration by adding bonding and assembly lines to its Vietnam factory in 2024, with the expansion to drive positive revenue growth for the company.
