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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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6.22.2023
GlobalFoundries and Lockheed Martin Partner to Develop Chip Supply for Defense Systems
GlobalFoundries and Lockheed Martin are partnering to secure a domestic supply of semiconductors for defense systems. The collaboration will combine GlobalFoundries' manufacturing facilities with Lockheed Martin's defense technology expertise to reduce reliance on foreign sources, mitigate supply chain risks, and accelerate the deployment of advanced defense systems.
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6.22.2023
US Administration to Allow Top Semiconductor Manufacturers to Expand Operations in China
The US administration has announced plans to allow leading semiconductor manufacturers from South Korea and Taiwan to expand their chip-making operations in China without facing reprisals from the United States. This is a significant development, as it represents a shift in the US approach towards semiconductor manufacturing in China and could have far-reaching implications for the global semiconductor industry.
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6.22.2023
Global Semiconductor Materials Market Reaches Record $73 Billion in 2022
The global semiconductor materials market experienced significant growth in 2022, expanding by 8.9% and reaching a record value of $72.7 billion. This growth was driven by the continuous expansion of the global semiconductor industry, the increasing demand for advanced semiconductor devices, and the rising adoption of new technologies. The market is expected to continue to grow in the coming years, reaching a value of $88.2 billion by 2026.
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6.22.2023
Chinese NEV Manufacturer, NEO, Implements Price Reduction and Alters Service Policy
Chinese electric vehicle maker Neo announced that it would lower prices for all its models by 6-9% from June 12th. The price cuts will apply to all of Neo’s current models, including the ES6 and ES8 SUVs. Neo also announced that it would end the free battery swapping services to new buyers. The price cuts come as Neo faces mounting pressure over earnings losses and lukewarm sales.
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6.22.2023
Automotive Giants Ford and GM See Strong Demand for New Vehicles
The outlook for the automotive industry remains positive, as the strong consumer demand presents an opportunity for Ford, GM, and other automakers to showcase their latest models and technologies. Executives from both companies are optimistic about their full-year performance and believe they could outperform their previous projections if the current demand persists.
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6.22.2023
China Launches Nationwide Auto Consumption Promotion
China has launched a nationwide promotion to boost auto consumption. The promotion focused on three key areas: promoting NEV consumption in rural areas, holding auto festivals in 100 cities, and promoting auto credit financial support. It is expected to help boost auto sales in China, which have been declining in recent months.
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6.22.2023
Mixed Performance in China's Auto Retail Sales: NEVs Show Resilience in a Challenging Market
China's auto retail sales were weak in the first two weeks of June, with passenger car sales up 3% year-on-year and NEV sales up 18% year-on-year. The weak performance of the overall passenger car market was due to a number of factors, including rising interest rates and concerns about the economy.
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6.22.2023
Micron Technology Faces Setback in China Due to Cybersecurity Concerns
The CAC found that Micron's products pose serious network security risks to China's critical information infrastructure supply chain. As a result, the CAC has blocked sales of Micron products to operators of critical information infrastructure. This decision is a setback for Micron, which has been expanding in China. Micron is working to address the security concerns, but it is uncertain when sales will resume.
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6.21.2023
Taiwan Sembcorp Focuses on Expansion Plans Despite Continued Weak Market Demand
During a shareholder's meeting, Taiwan Sembcorp acknowledged the continued weak market demand and inventory challenges faced by the semiconductor industry in Q2. However, the company remains committed to expanding its 12-inch new factory, demonstrating confidence in the long-term growth of the sector. By investing in increased manufacturing capacity, Taiwan Sembcorp aims to position itself to meet future demands and capitalize on emerging technologies. Despite the current challenges, the company's proactive approach aligns with expectations of a market rebound and reinforces its commitment to industry growth.
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6.21.2023
Global Spending on 300mm Fab Equipment Set to Reach All-Time High Driven by High-Performance Computing and Automotive Demand
Global spending on 300mm fab equipment is expected to rebound in 2024 after a decline in 2023. The foundry sector will lead the growth, followed by memory. Other segments will grow at a slower pace. The growth drivers include high-performance computing and the automotive industry's demand for advanced semiconductors. The adoption of new technologies like AI, machine learning, and EUV lithography will further support the growth in equipment spending.
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