The EU's final draft on import duties for Chinese-made EVs addresses concerns about overcapacity in the Chinese industry. This decision reflects Western markets' apprehension over past instances where an influx of Chinese-made goods disrupted local suppliers
Xpeng Motors, a Chinese electric vehicle (EV) manufacturer, has released its financial report for the second quarter of 2024. Despite ongoing challenges from a market price war, Xpeng's technological collaboration with Volkswagen AG is beginning to show promising results
China-based cloud service providers (CSP) have placed short lead-time orders for HBM memory with Samsung Electronics, purposely stockpiling HBM chip inventory ahead of time due to concerns about the US' impending export restrictions, according to industry sources
The scope of the US Chips Act appears to have exceeded that of the China Integrated Circuit Industry Investment Fund II (Big Fund II), but the American government's goal of reshoring semiconductor manufacturing remains a challenge
South Korea's early trade data showed exports gaining momentum this month, boosting the outlook for economic growth and suggesting global demand for semiconductors remains resilient
Chinese exports of critical minerals are returning to more normal levels, undercutting fears that the restrictions imposed by the government last year could choke off supplies crucial to high-tech manufacturers around the world
China's recent "Detailed Implementation Rules for Subsidies for Automobile Trade-ins" measure has shortened the lifespan of electric vehicles (EVs) eligible for scrapping to 6 years (registered before April 30, 2018), allowing owners to receive a subsidy of CNY7,000 for trading in their old vehicles to purchase new ones
Fifteen Japanese companies plan to invest approximately JPY100 billion (US$680 million) in research, development, and equipment across Southeast Asia, focusing on the electric vehicle, semiconductor, and energy sectors. The Japanese government is reportedly set to subsidize around one-third of this investment
Global manufacturing has been significantly influenced by geopolitical tensions in recent years, prompting the sector to revisit regionalization and local production plans. This shift is accelerated by customer pressure, leading to the implementation of these strategies at an increased pace
Support from local foundries and backend houses in China is helping CMOS image sensor (CIS) firms obtain more orders, reducing the country's reliance on Sony, according to industry sources
Chinese tech firm Huawei Technologies Co.'s push into the electric vehicle market has received another boost, after an investment valued its auto solutions company at RMB 115 billion (US$16 billion)
Taiwan's Shinkong Synthetic Fibers Corporation (SSFC) has made significant inroads into China's electric vehicle market with materials such as elastomers and automotive films. Despite the severe involution in China's EV sector, the company remains optimistic about its shipment prospects for the second half of 2024 and beyond
The international patent war over compound semiconductors, specifically Gallium Nitride (GaN), continues to intensify. In July, Efficient Power Conversion (EPC) from the US won a ruling from the US International Trade Commission (ITC) that found China's GaN leader Innoscience guilty of infringing one of its patents, making it difficult for the latter to enter the US market
Samsung Electronics is reportedly increasing the likelihood of launching the budget-friendly flagship Galaxy S24 FE in the second half of 2024, aiming to hit the market ahead of Apple's iPhone SE 4, which is expected to be launched in early 2025. The Galaxy S24 FE is anticipated to feature Samsung's in-house AP and be released in October 2024
