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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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6.7.2023
Toyota Reports Strong Global Sales Growth in April, Highlighting Significant Increase in Japan and China
Toyota reported a 4.9% Y/Y increase in global sales in April, with significant growth in Japan (22%) and China (46%). Electric vehicle sales accounted for 1% of their global sales, totaling 8,584 units.
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6.7.2023
UMC Faces Sluggish Demand in First Half and Eyes Third Quarter Recovery
UMC, a Taiwanese semiconductor manufacturer, faces slow inventory depletion and weak demand, indicating a slow industry recovery. They plan to maintain stable prices and provide strategic assistance in the 8-inch wafer market while focusing on core businesses and technological advancements.
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6.7.2023
Texas Instruments Cuts Local Analog IC Prices
Texas Instruments has made significant price cuts on analog ICs produced in China, impacting general-purpose chips and putting pressure on domestic suppliers. While the price reduction may boost TI's revenue in the second quarter, it could lead to job losses and plant closures for Chinese suppliers as they struggle to compete.
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6.6.2023
Vitesco Technologies and onsemi Sign $1.9 Billion Long-Term SiC Supply Agreement
Vitesco Technologies and onsemi have signed a 10-year supply agreement valued at $1.9 billion for silicon carbide (SiC) products, enabling Vitesco to meet the rising demand for SiC in the automotive industry and bolster its electrification technologies
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6.6.2023
Voltage Drop Disrupts Production at Taiwan Science Park
A voltage drop in Taiwan's Science Park affected semiconductor foundries, causing minor disruptions in production for UMC but not impacting TSMC. This incident underscores the importance of reliable power supply in the industry amidst chip shortages and geopolitical tensions.
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6.6.2023
US Auto Sales Show Resilience in May, Though Affordability Concerns Persist
Cox Automotive estimates US new vehicle sales to reach around 14.9 million units in May, a 2.3 million Y/Y increase but a decline from April's 15.9 million. Affordability issues, including high-interest rates and elevated new-vehicle prices, continue to impact sales negatively. New vehicle inventory increased to 1.9 million units, up from 1.1 million a year ago.
Overall, the global EV market is experiencing growth, with Tesla making strategic moves to increase market share. However, challenges such as financing costs, revenue gaps, and affordability issues continue to affect the auto industry in different regions.
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Overall, the global EV market is experiencing growth, with Tesla making strategic moves to increase market share. However, challenges such as financing costs, revenue gaps, and affordability issues continue to affect the auto industry in different regions.
News
6.6.2023
Volkswagen Stays Firm on Sustainable Business Model, Avoids Discount Battle in China
Volkswagen Group's China boss stated that the company will not engage in a discount battle in China to maintain a sustainable business model. The pressure from Chinese manufacturers like BYD, who are excelling in the electric car market, is challenging Western rivals.
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6.5.2023
The Soaring Growth of the Electronic Industry in India
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6.5.2023
Weekly Market News No. 1 June 2023
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6.5.2023
Take Charge of the Chip Crisis with IBS Electronics: Your Trusted Partner for Success!
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