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Toyota, Nissan, and Honda Join Forces on AI and Chip Development for Next-Gen Vehicles
Toyota, Nissan, and Honda have teamed up to develop cutting-edge AI and semiconductor technologies for next-generation vehicles, focusing on areas like semiconductor chips, APIs, virtual simulation, and cybersecurity. Supported by Japan's Ministry of Economy, Trade, and Industry, this collaboration aims to enhance Japan's competitiveness in the evolving automotive industry. The initiative includes forming the Advanced SoC Research for Automotive (ASRA) group, involving 12 companies, to create high-performance system-on-chip (SoC) technologies for mass production by 2030, marking a significant advancement in software-defined vehicles (SDVs) and autonomous driving capabilities
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1.16.2024
Hertz Backtracks on Electrification: Going Back to Gas-Powered Cars
Car rental giant Hertz selling off 20,000 electric cars, citing high repair costs, sinking used car prices, and weak customer demand dampening their profitability and marking a stark contrast to their 100,000 Tesla order just three years ago.
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1.16.2024
China Aims to Rival SpaceX with its Own Satellite Network
China has announced its ambitious plans to develop a massive satellite constellation that would rival SpaceX's Starlink to solidify China's position as the world's second-largest satellite operator, as it aims to compete with Europe and the United States in the growing satellite industry.
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1.16.2024
Asahi Kasei Ramps Up Production as Semiconductor Market Rebounds
Japanese chemical maker Asahi Kasei has announced plans to invest over $105 million in a new plant in central Japan, to increase its production capacity for liquid photosensitive resin used in semiconductor materials. The company aims to meet the rising demand for this material as chips become more advanced and stacked.
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1.15.2024
Chipmaker SMIC Scores Breakthrough in Lithography Technology
Despite US sanctions and reliance on foreign chipmaking equipment, China has made significant strides with Shanghai Micro Electronics Equipment Group (SMEE) building a 28nm lithography machine. This breakthrough, while not cutting-edge, is crucial for mass-market electronics like smartphones and EVs and could narrow China's gap with global leaders by years, paving the way for self-sufficiency in essential components amidst ongoing geopolitical tensions.
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1.15.2024
EuroGroup Laminations Gears Up for EV Growth with Expansion Plant in Mexico
Italian electric motor component maker EuroGroup Laminations is gearing up for the North American EV boom with a $55 million expansion in Mexico. The new plant in Queretaro will boost production of stators and rotors, crucial components for major automakers like Volkswagen and Ford, and secure €3.5 billion in orders through 2028, solidifying EuroGroup Laminations' position as a key player in the region's electrifying future.
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1.12.2024
Germany Eyes Green Partnership with the Philippines
German Foreign Minister Annalena Baerbock's visit to the Philippines signaled potential investments in renewable energy and raw materials imports but stressed the need for clearer investment regulations to attract Germany's conservative investors. She also championed negotiations for a Philippine-EU free trade agreement, potentially opening doors for broader economic ties, while requiring the Philippines to address ambiguity surrounding foreign investment rules.
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1.12.2024
Philippines Revamps FDI Strategy to Attract Tech Titans
The Philippines is intensifying its efforts to attract foreign direct investments from the US and Japan. Peering beyond flat forecasts for electronics exports, they're aiming for P250 billion in tech investments this year, focusing on advanced manufacturing, electric vehicles, and AI. CES 2024 was their springboard, showcasing their strengths to potential partners and solidifying their vision of becoming a future-oriented tech hub in Asia.
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1.10.2024
Japan Earthquake Shakes Chip Industry: Impact on Local Firms
The 7.6 magnitude earthquake on the Noto Peninsula impacted factories of major players like Toshiba and Murata, raising concerns about chip shortages. However, the quake hit during a seasonal slowdown and most factories experienced only minor damage. Analysts estimate the overall impact to be minimal thanks to existing parts inventory and factories being situated in areas with moderate seismic intensity.
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1.10.2024
Chinese Semiconductor Design Firms Turn to Malaysia to Mitigate US Sanction Risks
Chinese semiconductor companies are increasingly partnering with Malaysian firms to assemble high-end chips, in response to US sanctions that have restricted their access to advanced chip packaging services domestically. These partnerships are focused on the assembly phase, allowing Chinese companies to bypass US restrictions. Malaysia's established infrastructure, skilled workforce, and positive relationship with China make it an attractive location for these collaborations.
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1.9.2024
Mainland China’s Cloud Market Spending Up 18% in Q3 2023 as Growth Rate Stabilizes
Despite a measured market relying on government and state-owned enterprises, China's cloud spending reached US$9.2 billion in Q3 2023, driven by heavy AI investments from giants like Alibaba and Huawei. These top vendors, controlling 73% of the market, are fostering partner ecosystems and deploying AI platforms to unlock further growth, highlighting the strategic importance of collaboration in this complex and booming landscape.
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