Topco Technologies, which distributes silicone and other chemical materials, is optimistic about demand for AI servers, but the outlook for the automotive sector is bleak
SoftBank CEO Masayoshi Son has visited India for discussions with Prime Minister Narendra Modi and prominent startup leaders, focusing on artificial intelligence development and implementation strategies
BYD moves to shield itself from looming US tariffs as President-Elect Trump threatens new import taxes on Chinese, Canadian, and Mexican goods. The China-based EV giant has reportedly ordered suppliers to slash costs by 10% starting in 2025
In 2024, major Chinese semiconductor businesses continue to announce closures or severe layoffs, according to industry sources. Xiangdixian Computing Technology, commonly referred to as China's Nvidia, has opted to cease operations. Huaxia Smartchip, an intellectual property firm, declared bankruptcy in early 2024, while Smarter Microelectronics, a key communications chip producer, reportedly will cut its R&D personnel by 40%
Onsemi's leadership has been increasing its presence in China recently. After Felicity Carson, SVP of global operations at Onsemi, attended PCIM Asia 2024 in Shenzhen at the end of August 2024, company president and CEO Hassane El-Khoury made a subsequent visit to Shanghai to meet with local media
Due to restrictions on accessing Nvidia's most advanced GPUs, China's top 500 supercomputing systems rely exclusively on earlier-generation Nvidia accelerators, according to data from Top500.org
Foxconn has reportedly secured 200 acres of land in Tamil Nadu for a battery manufacturing plant, aligning with the company's strategic focus on AI and EV as growth engines
Kian Sheng, a subsidiary of the Yulon Group, plays a pivotal role in Taiwan's electric bus supply chain. Despite challenges, the company's operations in China achieved notable results in the first three quarters of 2024, fueled by battery box orders for new energy vehicle (NEV) models from Xiaomi and Hongqi, alongside a surge in bus chassis demand driven by tourism recovery
Samsung Electronics maintained its leadership in the global premium TV market during the third quarter of 2024, despite a notable decline from the same period in 2023. Conversely, Chinese brands Hisense and TCL achieved remarkable growth, with their shipment volumes more than doubling year-over-year, underscoring their expanding influence
Mitsubishi Electric is ramping up its power semiconductor production in Japan to meet the surging demand fueled by the EV revolution and global climate change initiatives
China's 4S dealership model, once a cash cow in the early 2000s, is unraveling under mounting pressure. The sector, which peaked around 2017, has been hit hard by fierce price wars and a market pivot toward domestic new energy vehicles (NEVs). From 2020 to 2024, over 10,000 dealerships are expected to shut down, with losses accelerating annually, according to the China Automobile Dealers Association (CADA)
Global IDM leader Onsemi announced a cautious outlook for the semiconductor market in its third-quarter 2024 financial report. CEO Hassane El-Khoury tempered expectations for 2025 but underscored promising growth in China's new energy vehicle (NEV) and industrial energy storage markets, which remain resilient amid broader industry challenges
Apple is actively pursuing partnerships with Indian manufacturers to establish a local supply chain beyond iPhone production, potentially including components for wearables and other devices, as its China-based suppliers show reluctance to invest in India
As India entered its annual festive season, PC shipments experienced slight growth despite a weak consumer market. Acer achieved double-digit growth, driven by strong demand from the education sector and other industries
Samsung Electronics (Samsung) has implemented a significant personnel adjustment within its Device Solutions (DS) division to regain competitiveness in the semiconductor sector. This includes appointing the head of the foundry business unit and having the DS department head personally lead the memory business
