The ongoing patent dispute between China's two major battery leaders, CATL and CALB, has escalated. Following a patent lawsuit filed by CATL against CALB in 2021, the latter has recently retaliated with four lawsuits claiming that CATL infringed on its patents, seeking approximately CNY1 billion (approx. US$140 million)
Hyundai Motor's Indian subsidiary (HMIL) has officially listed in India, raising US$3.3 billion in the country's largest IPO to date. Hyundai plans to leverage India's position as the world's third-largest automotive market to establish it as a strategic export hub, targeting emerging markets such as Southeast Asia
Amid the surge of investments in the semiconductor sector, China's focus on mature process technologies is essential. In a recent interview in Shanghai, SEMI China President Lung Chu noted that by 2027, China is expected to remain the largest spender globally on 12-inch equipment, with total investments surpassing US$100 billion
SK Group has reportedly decided to cut approximately 20% of its senior management across affiliated companies, undergoing organizational restructuring at SK Ecoplant. Large South Korean enterprises typically conduct routine executive personnel changes by the end of December, but many conglomerates are moving this timeline forward by a month and a half. This shift is part of the trend of South Korean companies attempting to maximize profits through "dynamic balance" in their organization and personnel
Tokyo Electron has unveiled its third R&D center, the Tokyo Electron Technology Center Korea-2, in South Korea, strategically located to better serve clients like Samsung Electronics. Choi Yong-hyun, head of Samsung's DS division, attended the grand opening
As the US persists with its chip restrictions on China, global semiconductor firms are increasingly eyeing India as a prime investment destination. Capitalizing on this trend, India is actively working to attract foreign investments. Amid this backdrop, there is heightened speculation regarding whether South Korean semiconductor giants Samsung Electronics and SK Hynix will join in this investment wave
Rapidus has announced that its first wafer fab in Hokkaido, which is intended for 2mm chip production, is now 80% complete. The company also aims to progress to 1.4mm chips if its 2mm chip mass production goes as planned
On October 24, Foxconn's Indian subsidiary, Foxconn Hon Hai Technology India Mega Development Private Limited, announced a transaction with Apple Operations Limited to acquire a batch of machinery and equipment. The total transaction amount is US$31.8045 million. Supply chain sources indicate that this acquisition is aimed at preparing for the continued expansion of production capacity in India
Nvidia CEO Jensen Huang urges India to be an AI manufacturing powerhouse as well as an exporter. Foxconn procured equipment from Apple amid global production relocation
Following the iPhone 16's release, robust sales reports have emerged from China and Taiwan, with market analysts anticipating continued growth driven by upcoming e-commerce holiday promotions and Apple's price adjustments
Qualcomm's newly unveiled mobile application processor (AP), the Snapdragon 8 Elite, demonstrates significant performance improvements over its predecessor and reportedly surpasses the A18 Pro chipset in Apple's iPhone 16 Pro. This advancement is expected to strengthen Samsung Electronics' Galaxy series smartphones in the premium market while further challenging Samsung's AP business
Kioxia has postponed its IPO due to valuation concerns. Bain Capital, a major shareholder, is hesitant to proceed with the IPO at the current valuation, while Toshiba, the second-largest stakeholder, seeks immediate cash flow
Garmin aims for double-digit growth in India, where rising health consciousness presents new opportunities despite fierce competition from local brands and Chinese smartphone makers
Apple is expanding its manufacturing capabilities in India. Foxconn is acquiring equipment for its Indian subsidiary, and Apple is actively searching for more local suppliers. Additionally, the company is increasing its hiring efforts as it plans to open more stores across the country
