Wanzhou Meng has resumed her role as Huawei's rotating chairwoman, further cementing her position as the company's top leader, second only to founder and CEO Zhengfei Ren. Her reappointment underscores her continued ascent within Huawei's leadership structure

Samsung Electronics is reportedly slowing down its investments following an aggressive wave of efforts bolstering its semiconductor foundry business, intended to accelerate the adoption of advanced manufacturing processes. The company, which had planned to hold in-person foundry forums overseas, has now opted to move these events online, raising concerns about its ability to attract new customers despite the cost savings

As the second half of 2024 enters the peak sales season for consumer electronics, supply chains have gradually entered the peak season cycle starting from the third quarter. However, the peak season effect has experienced some delays due to China's National Day holidays

LG Display (LGD) has sold its LCD plant in Guangzhou, China for approximately US$1.54 billion, a strategic move critical to the company's pivot towards OLED production. This sale, spearheaded by company president Jeong Chul-dong, has sparked industry speculation on whether LGD will now accelerate its investment in the competitive OLED sector

XMC, a leading Chinese semiconductor manufacturer specializing in NOR Flash memory chips, has received approval for its IPO on the Shanghai Stock Exchange's STAR Market, one of the few instances of IPO approval in China's semiconductor sector recently, indicating that the company has garnered support from the Chinese government

Automaker Volkswagen has announced several plans to shut down or migrate its factories, signaling a strategic adjustment for the company in the global market. In particular, this is a response to a decline in demand for fuel vehicles and the rapidly growing competition pressure from Chinese electric vehicles (EVs)

Rapidus, a Japanese semiconductor startup aiming to mass-produce 2nm chips by 2027, faces significant funding, technology, and market competitiveness challenges

China's solar energy firms, which have 85% of the global market, are being hit by an unprecedented level of oversupply and encountering export challenges in the European and US markets, according to industry sources

Sumitomo Metal Mining has unveiled plans to significantly increase its production of SiC wafers. The company's subsidiary, Sicoxs, will establish a new production line in Japan to meet the growing demand for SiC wafers, particularly in the electric vehicle (EV) market

LG Display (LGD) is expected to report losses in the third quarter of 2024, driven by sluggish IT OLED sales, rising raw material costs, and the depreciation of the Korean won against the US dollar. Despite these challenges, the company anticipates an improvement in its fourth-quarter performance as it enhances operational efficiency and begins shipping OLED panels for the iPhone 16 series

The patent infringement trial between Huawei and MediaTek is set to officially commence after China's Golden Week, no earlier than October 25, 2024. The patent at the center of the dispute primarily involves 4G/LTE technology

Huawei CFO Wanzhou Meng has resumed her position as rotating chairperson under the company's leadership system, beginning her six-month term on October 1, 2024, which will run until March 31, 2025. This marks her second term in Huawei's top leadership role, where she will oversee both the Board of Directors and the Executive Committee

Cultural sensitivity has not always been a strength of Taiwanese businesses, potentially straining Taiwan-Japan relations as Taiwan's semiconductor ventures expand overseas without fully considering local communities' perspectives

South Korea's export momentum stayed robust in September on the back of continued demand for semiconductors, keeping the outlook upbeat for economic growth and offering positive signs for global commerce and the tech cycle

SK Hynix recently spotlighted its high-bandwidth memory (HBM) technologies with great emphasis on its collaboration with Nvidia during its participation in TSMC's Open Innovation Platform (OIP) Ecosystem Forum