In 2024, the consumer electronics market is gradually recovering. However, there are mixed signals in the end-user application market, with some reports suggesting bleak prospects for Apple due to the recent lack of innovative momentum.
LG Electronics has established an "AI Robot Alliance" with Google, gearing up to introduce in June a service robot incorporating Google's latest generative AI, Gemini, as revealed by South Korean industry sources.
Japanese semiconductor foundry Rapidus, aiming to mass-produce 2nm chips, has announced a collaboration with US-based AI chip startup Esperanto Technologies to jointly develop designs.
GlobalFoundries (GF) has appointed a new head for its operations in Asia with a particular focus on China, but market observers said the company faces an uphill battle in China.
Taiwan's Department of Industrial Technology (DoIT) under the Ministry of Economic Affairs (MOEA) has confirmed that AMD has submitted an application to establish an R&D center in Taiwan.
ASML Holding NV and Taiwan Semiconductor Manufacturing Co. have ways to disable the world's most sophisticated chipmaking machines in the event that China invades Taiwan, according to people familiar with the matter.
Alibaba Group Holding Ltd. slashed prices for a clutch of artificial intelligence services by as much as 97%, spurring an immediate response from Baidu Inc. in potentially the start of a price war in China's nascent AI market.
Sony's semiconductor business, namely the Imaging & Sensing Solutions Segment primarily driven by CMOS Image Sensors (CIS), is expected to experience significant growth in the fiscal year 2024 despite a decline in operating profits in the fiscal year 2023 (April 2023 to March 2024).
The rivalry among China, Europe, and the US – the world's three largest EV markets – heats up as America and Europe are poised to raise tariffs on Chinese EVs. China has vowed to retaliate. The situation will likely impact Germany-based Volkswagen, BMW, and Mercedes-Benz the most.
Just over two months after announcing that they are jointly developing an extended reality (XR) headset device, it has been reported that the partnership between Meta and LG has fallen through.
Many in the South Korean industry believe that with TSMC, the leading semiconductor foundry, facing increasing risks from earthquakes in Taiwan and unstable cross-strait relations, Samsung hopes to seize new opportunities by establishing a 3nm supply chain for Nvidia. In this context, it is reported that Samsung Electronics' primary task in 2024 in its semiconductor foundry business will be securing orders for Nvidia's advanced chips.
OLED panels used for external screens/monitors remain dominated by the two major South Korean panel manufacturers, Samsung Display (SDC) and LG Display (LGD), becoming a new growth driver for both firms with an annual shipment growth of around 20%.
