At the second Global AI Safety Summit, South Korea and the United Kingdom jointly introduced the "Seoul Declaration," committing world leaders to a consensus on principles for the development and regulation of AI

Despite Samsung Electronics recently appointing a new leader for its Device Solutions (DS) division that comprises memory and foundry units, the company's lag behind SK Hynix in leading the High Bandwidth Memory (HBM) market could become a major obstacle to its semiconductor business amid the widespread adoption of Artificial Intelligence (AI), as noted by industry insiders in South Korea

Samsung Electronics is reportedly investing in developing 2nm mobile Application Processors (AP), a technology that has yet to be commercialized

The first group of China-made products that the US Biden administration targets will see their tariffs rise on August 1, 2024, according to an announcement from the Office of the US Trade Representative (USTR) on Wednesday. Some machinery for America's domestic manufacturing and solar production may be excluded temporarily

China-based CCL maker Kingboard Laminates has notified customers of immediate price hikes to reflect growing raw materials costs, according to industry sources

Taiwanese foundries have seen customers switch orders for Power Management ICs (PMIC) from Chinese chipmakers in the wake of the US decision to raise tariffs for semiconductor imports from China, according to industry sources

NewLink Group, a Bain Capital-backed firm that provides software to sectors including the electric vehicle-related industry, is seeking as much as $100 million in private debt, according to a person familiar with the matter

Cheap electric vehicles from China are already pushing into Europe, undercutting one of the region's biggest industries. BYD Co., which overtook Tesla Inc. last year to become the biggest global EV maker, is about to raise the stakes.
The Chinese manufacturer last month announced plans to introduce its Seagull hatchback in Europe next year, which offers premium features like cruise control and wireless phone charging but sells for less than $10,000 in China. Even after tariffs and modifications to meet European standards, BYD executives have pledged to sell the Seagull for less than €20,000 ($21,500) on the continent

In less than six months, Samsung Electronics experienced yet another notable shift in its senior leadership, coinciding with its trailing position behind SK Hynix in the HBM market. This development hints at the possibility of additional organizational restructuring within Samsung's semiconductor division

Five years after commencing its automotive ambition, Huawei said the unit has come out of the red. Richard Yu, Huawei's chairman of the smart car solutions business unit, recently said the company's automotive business unit and the smart selection car segment have turned profitable in the first quarter of 2024.

Premium carmaker Audi has deepened ties with its Chinese partner SAIC Motor as Western automakers try to catch up in the world's largest EV market

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

Japan is trying to catch up with the US and China in the Software-Defined Vehicle (SDV) segment

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