As the technological competition between China and the US intensifies, AI chips have become a crucial resource. The US government's export ban on Nvidia's high-end AI chips has prompted Chinese companies to seek alternative solutions, such as Huawei's self-developed Ascend 910B AI chips. Concurrently, the Chinese government has urged domestic tech giants to increase their procurement of local AI chips
Samsung Electronics is poised to report impressive results for the second quarter of 2024, driven by a recovery in the semiconductor industry. The company's operating profit surpassed KRW 10 trillion (US$7.2 billion), with expectations of continued growth
Samsung Electronics is reportedly shifting its focus from automotive chip development to AI chips amid plans for significant business reorganization. This strategic pivot comes as Young-Hyun Jeon takes the helm as the new head of the Semiconductor and Device Solutions (DS) division
South Korean 8-inch wafer foundries are accelerating their investments in next-gen power semiconductors. Facing fierce competition from established global manufacturers and Chinese companies, the South Korean government and industry are collaborating to build an ecosystem and invest heavily in technological research and development
China seems to be deliberately playing down the importance of lithography tools as it identifies the challenges for the development of its semiconductor industry in a recently published dossier
Chinese electric-car brands held on to their share of the slumping European EV market in May, ahead of new tariffs designed to protect local carmakers from their lower-cost imports
Lee Jong-ho, Korea's Minister of Science and ICT, reportedly arranged a meeting with semiconductor Electronic Design Automation (EDA) professionals to gain insights into the local EDA industry
Under China's "high-quality productivity" initiative, an increasing number of China-based chip startups have seen their IPO processes withdrawn or terminated to support mergers and acquisitions rather than IPOs to focus resources on breakthroughs in the technology sector
Vietnam's Prime Minister Pham Minh Chinh recently visited South Korea from June 30 to July 3 to strengthen bilaterial ties and meet with key industry leaders
Seres plans to acquire AITO trademarks and patents from Huawei. This sale, reportedly at a discounted price, reinforces Huawei's commitment against car manufacturing, highlighting its focus on collaborative automotive technology with partners like Seres
LG Energy Solution (LGES) has reportedly received major lithium iron phosphate (LFP) battery orders from French car maker Renault, providing a boost to the South Korean supply chain
Novatek Microelectronics has received substantial OLED display driver IC (DDI) orders for the upcoming iPhone series, breaking South Korean vendors' dominance in Apple's display supply chain, according to market sources
Renault is pushing a new partnership model for lithium iron phosphate (LFP) batteries by collaborating with its Chinese and South Korean battery suppliers in Europe
