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NEWS TAGGED EAST ASIA
Friday 30 August 2024
Huawei reports strong 34.3% revenue growth in 1H24, targets ambitious CNY800 billion for the year
On August 29, Huawei announced its 2024 first-half financial results, showing a robust 34.3% year-on-year revenue increase to CNY417.5 billion (US$58.83 billion), with a net profit...
Friday 30 August 2024
Xiaomi reports strong 2Q24 results, aims to meet EV delivery target by year-end
Xiaomi released its financial report on August 21, which announced a revenue of CNY$88.9 billion (US$12 billion) with an annual increase of 32%. This quarterly statement has been...
Thursday 29 August 2024
BYD's dominance is taking its toll on smaller Chinese EV rivals
Chinese electric car maker BYD Co.'s relentless growth is squeezing out smaller rivals, with Li Auto Inc. joining fellow upstart Xpeng Inc. in releasing disappointing earnings.
Thursday 29 August 2024
Intel enhances smart cockpits to be capable of running AAA games in cars
The highly anticipated Chinese AAA title, "Black Myth: Wukong," has finally been released. However, players quickly discovered that their hardware setup was the first challenge on...
Wednesday 28 August 2024
China's BYD aims to get half of auto sales from global markets
China's top-selling automaker BYD Co. expects overseas deliveries to account for almost half of total sales in the future, suggesting it will continue to set up global production...
Wednesday 28 August 2024
Hyundai to double hybrid lineup; unveils US$3 billion buyback
Hyundai Motor Co. plans to double its lineup of hybrid cars as demand for pure electric vehicles slows and announced a KRW 4 trillion ($3 billion) share buyback as part of a plan...
Wednesday 28 August 2024
Chinese OSAT eyes advanced packaging opportunities
In recent years, advanced packaging has become increasingly crucial in high-performance computing, and Chinese OSAT companies, particularly Tongfu Microelectronics, are determined...
Wednesday 28 August 2024
Japanese startups see investments bounce back from foreign venture capital in 1H24
The Japanese government has been encouraging venture capital (VC) funds, particularly foreign VC funds, to invest in the Japanese market.
Wednesday 28 August 2024
Rapidus pursues US$690 million loan to achieve 2nm chip production by 2027
Rapidus, aiming to begin mass production of 2-nanometer chips in Japan by 2027, is seeking significant financial support for its trial production and eventual mass production.
Wednesday 28 August 2024
How Kioxia going public may affect NAND leaders Samsung and SK Hynix
Kioxia, currently ranked third in the global NAND market, is reportedly set to go public in Japan in October 2024. The move aims to secure funds for R&D and production capacity...
Wednesday 28 August 2024
Chinese EDA sector follows global consolidation trend as market grows and key players expand
Since 2024, the global Electronic Design Automation (EDA) industry has seen considerable consolidation. The Chinese EDA sector, despite its long-standing fragmentation and early developmental...
Wednesday 28 August 2024
Apple unlikely to move capacity back to China, say sources
Rumor has it that Apple is seeking to partially reverse its production relocation, returning to China some of the manufacturing capacity it has had its suppliers move out of the country...
Tuesday 27 August 2024
South Korea launches initiative to support tech firms following ASML model
The South Korean government is rolling out a "Super eul" initiative to foster companies in the materials, components, and equipment sectors. This ambitious plan includes targeted...
Tuesday 27 August 2024
Hua Hong accelerates 12-inch fab expansion, aims to boost overseas orders by 2025
Hua Hong Group, one of China's two major semiconductor foundries, trails behind Chinese industry leader SMIC in terms of both capacity and market share, holding a global market share...
Tuesday 27 August 2024
SK Group obtains three major weapons to strike global AI market
To seize the initiative in AI, the SK Group revealed that it is ready to use "three weapons," namely HBM, GTAA, and energy solutions. It hopes to sound the attack on the semiconductor,...
Holtek
Samsung expands mobile phone production beyond Asian countries, says DIGITIMES Research
SLMs to increase presence in GenAI business opportunities, says DIGITIMES Research
Generative AI market to reach US$1.5 trillion by 2030 with Taiwan holds hardware advantage; software and services to see promising future, says DIGITIMES Research