On October 24, Foxconn's Indian subsidiary, Foxconn Hon Hai Technology India Mega Development Private Limited, announced a transaction with Apple Operations Limited to acquire a batch of machinery and equipment. The total transaction amount is US$31.8045 million. Supply chain sources indicate that this acquisition is aimed at preparing for the continued expansion of production capacity in India
Nvidia CEO Jensen Huang urges India to be an AI manufacturing powerhouse as well as an exporter. Foxconn procured equipment from Apple amid global production relocation
Following the iPhone 16's release, robust sales reports have emerged from China and Taiwan, with market analysts anticipating continued growth driven by upcoming e-commerce holiday promotions and Apple's price adjustments
Qualcomm's newly unveiled mobile application processor (AP), the Snapdragon 8 Elite, demonstrates significant performance improvements over its predecessor and reportedly surpasses the A18 Pro chipset in Apple's iPhone 16 Pro. This advancement is expected to strengthen Samsung Electronics' Galaxy series smartphones in the premium market while further challenging Samsung's AP business
Kioxia has postponed its IPO due to valuation concerns. Bain Capital, a major shareholder, is hesitant to proceed with the IPO at the current valuation, while Toshiba, the second-largest stakeholder, seeks immediate cash flow
Garmin aims for double-digit growth in India, where rising health consciousness presents new opportunities despite fierce competition from local brands and Chinese smartphone makers
Apple is expanding its manufacturing capabilities in India. Foxconn is acquiring equipment for its Indian subsidiary, and Apple is actively searching for more local suppliers. Additionally, the company is increasing its hiring efforts as it plans to open more stores across the country
Nvidia CEO Jensen Huang addressed the Nvidia AI Summit India on October 24, expressing the company's optimism about the lucrative AI opportunities in India, both in terms of supply and demand. He underscored Nvidia's commitment to harnessing the country's capabilities and ambitions to advance its own AI initiatives and establish itself as a leading exporter of AI technology
After meeting with China's Ministry of Industry and Information Technology (MIIT), Apple CEO Tim Cook continued his visit to China led by COO Jeff Williams. They visited key local suppliers including Lens Technology, Luxshare, and Bozhon, showcasing Apple's ongoing commitment to the Chinese supply chain
Nano Electronics and Micro System Technologies (NEMStek), a developer of plasma technologies and surface treatment solutions, has entered the supply chains of Chinese and Taiwanese makers who are stepping up deployments for semiconductor fan-out panel-level packaging (FOPLP)
SK Hynix will announce its financial results for the third quarter of 2024 on October 24. During its previous earnings call, the company indicated that shipments of its HBM3E products would account for over 50% of total high bandwidth memory (HBM) shipments in 2024. The upcoming earnings call will provide insights into the large-scale production and shipment volume of the 12-layer HBM3E and when they are expected to surpass the 8-layer HBM3E products
Zomato's second-quarter financial results surpassed market expectations, driven by robust revenue growth across segments and improved profitability. However, analysts warn that the company's aggressive expansion plans and quick commerce investments could pressure margins in coming quarters
Chinese AI company SenseTime has announced that its Shanghai-based AI data center will extensively use domestically manufactured chips, including products from Huawei and Biren Technology (Biren)
South Korea raises industrial electricity rates by 9.7% on average, marking the seventh adjustment since 2022. This cumulative rise exceeds 60% over three years and is expected to significantly impact energy-intensive sectors like semiconductor and steel manufacturing
