Rohm Semiconductor is grappling with a significant slowdown in the electric vehicle (EV) market, leading to reduced semiconductor demand and an unexpected financial loss.

VinFast, a Vietnamese automaker often referred to as the "Tesla of Vietnam," reported sales of 11,000 units in October, securing its position as Vietnam's leading electric vehicle (EV) brand. Concurrently, Nhật Vượng Phạm, chairman of parent company Vingroup and Vietnam's wealthiest individual, pledged additional personal investments to bolster the company.

AI was the name of the game for the semiconductor supply chain in 2024, according to IC distributor WPG Holdings, yet shifting supply-demand balance may lead to slightly slower growth in the semiconductor market next year. In the automotive market, as carmakers gradually end inventory adjustments, WPG is seeing initial results from its investments into integrated automotive solutions, as it targets Japanese Tier 1 suppliers.

Wolfspeed's board has announced the dismissal of CEO Gregg Lowe, effective at the end of November. Lowe, who has led the semiconductor company since 2017, will be replaced by Board Chair Thomas Werner on an interim basis as the company searches for a new CEO.

Auto Guangzhou 2024, opening on November 15, stands as China's final flagship auto event of the year. It previews key trends that will shape the 2025 automotive market. With 1,171 new models showcased, including 512 electric vehicles (EVs), the event highlights the surging dominance of China's local EV brands.

MiTAC Group, a prominent technology and IT solutions provider in Taiwan, has played a significant role in supporting the local Ministry of Transportation's initiatives to advance smart cities, transportation systems, and rail networks. At its 50th Anniversary TechDay on November 18, MiTAC Information Technology and MiTAC Digital Technology showcased their latest AIoT (Artificial Intelligence of Things) innovations in smart transportation.

Taiwan's largest industrial gas manufacturer, Linde LienHwa, is shifting its focus from decades of industrial hydrogen applications to the transportation sector. The company aims to lead Taiwan's hydrogen vehicle market once its dedicated hydrogen manufacturing plant in southern Taiwan becomes operational in 2025.

The European Union's trade dispute with China over electric vehicles (EVs) took a new turn when both parties showed willingness to negotiate pricing agreements, despite the EU implementing new tariffs in November.

With Donald Trump expected to take office in January, his transition team reportedly aims to kill the US$7,500 consumer tax credit for electric vehicle (EV) purchases, a central provision of the IRA. Tesla reportedly showed support, as the proposal is expected to benefit Tesla at the expense of many.

Autonomous driving and artificial intelligence are the buzzwords at this week's Guangzhou auto show — the last major gathering of Chinese carmakers for the year.

SK Group's silicon wafer manufacturer SK Siltron has confirmed that it will receive a loan of US$544 million from the US Department of Energy (DOE) to invest in its silicon carbide (SiC) wafer factory at its US subsidiary, SK Siltron CSS, which is expected to commence production in 2025.