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Friday 10 November 2023
GM, Stellantis invest in rare-earth-free EV motor magnets as China tightens material exports
General Motors and Stellantis have become the latest investors of Niron Magnetics, a US-based startup focused on developing rare-earth-free magnets, an essential material for EV motors...
Friday 10 November 2023
Wistron ITS defies odds: AI-driven growth charts course to 2024
Wistron ITS, the software arm of Wistron, resiliently navigates challenges amid global uncertainties. CEO Hsiao Ching acknowledges the challenges presented by "black swan" and "gray...
Friday 10 November 2023
Record deliveries help Li Auto stay profitable for four consecutive quarters
China-based Li Auto maintained momentum in the third quarter of 2023, reporting CNY2.81 billion (US$385.5 million) in net income. The automaker said it plans to launch and deliver...
Friday 10 November 2023
Huawei breaks speed records with Wi-Fi 7, promises a wireless revolution
Huawei achieves another breakthrough in wireless communication technology, recently unveiling a record-breaking performance test for its Wi-Fi 7 Access Point (AP). This reaffirms...
Friday 10 November 2023
Volkswagen plans to launch a lower-priced EV in US
Higher prices have been one of the factors that hinder EV adoption, prompting carmakers to develop more affordable models. A Volkswagen executive said that the company aims to launch...
Friday 10 November 2023
SMIC 3Q23 operating income falls 81% but persists with ambitious capex plan
China-based SMIC reported a worsened performance across the board in its quarterly results, signaling a recovery that may come later in the semiconductor industry. SMIC's capital...
Friday 10 November 2023
GF has niche in mature foundry sector, says CEO
GlobalFoundries, with its differentiated technology and ongoing commitment to innovation, has a place in the mature foundry industry where Chinese players are spending heavily, according...
Thursday 9 November 2023
China lifts manufacturing investment restrictions, paving the way for smart manufacturing and auto industries
China recently declared its intention to abolish all foreign investment limitations in the manufacturing industry. This move is seen as a step to facilitate China's manufacturing...
Thursday 9 November 2023
Chinese chip packaging leader JCET observes a resurgence in smartphone market
The shipment volume of smartphones in China has been continuously decreasing for ten consecutive quarters. The latest reports from various research institutions, including TechInsights,...
Thursday 9 November 2023
Chinese car market peak season aids automotive-grade MCU demand
Car chips have become the semiconductor industry's primary driver as the end market of consumer electronics remains sluggish. As major China-based automakers saw October sales grow...
Thursday 9 November 2023
More US chip firms take part in 2023 China Import Expo despite escalated restrictions
The China International Import Expo (CIIE) 2023 kicked off in Shanghai on November 5, and the organizer is seeing more US semiconductor companies joining the event than ever despite...
Thursday 9 November 2023
Global automotive market to experience strong headwind in 2024 as disadvantages loom
The automotive industry has been processing deliveries delayed by component shortages and increasing demand for semiconductors since the outbreak of COVID-19. Leading OEMs still have...
Thursday 9 November 2023
Chinese panel makers return to profitability
Chinese panel makers BOE Technology and TCL China Star Optoelectronics Technology (TCL CSOT) returned to profitability in the third quarter of 2023 while Taiwanese panel makers AUO...
Thursday 9 November 2023
With China seeing procurement downgrades, IPC firms change strategy
Continued instability in the general environment has disrupted not only the market for consumer electronics but corporate investment in equipment and infrastructure as well. This...
Thursday 9 November 2023
Ericsson reportedly lays off R&D team in Guangzhou, China
Ericsson's R&D center in Guangzhou has undergone significant personnel adjustment, according to employees at the center. The whole 5G R&D team was laid off, and only marketing...