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NEWS TAGGED 2021
Wednesday 18 December 2024
AMEC, IDG Capital removed from US military blacklist
On December 17, 2024, the US Department of Defense (DoD) confirmed the removal of Advanced Micro-Fabrication Equipment Inc. (AMEC) and IDG Capital from its Chinese Military Companies...
Friday 13 December 2024
Baidu-backed Jiyue Auto hits a wall: CEO admits challenges amid crisis
Jiyue Auto, the automotive startup co-founded by Baidu and Geely, is on the brink of collapse. CEO Joe Xia, in a letter to employees dated December 11, admitted the company faces...
Tuesday 3 December 2024
Chinese AI company Megvii cancels IPO on STAR market
Megvii Technology, one of China's original "AI Elite Four" which specializes in computer vision and deep learning, announced its application for an initial public offering (IPO) on...
Friday 29 November 2024
Qualcomm-Intel deal speculation fizzles out
Qualcomm is unlikely to pursue any transactions with Intel, a decision that aligns with industry expectations. Sources close to the semiconductor supply chain suggest Qualcomm never...
Thursday 28 November 2024
Qualcomm, MediaTek's diverging paths after years of rivalry
During a recent investor conference in New York, Qualcomm CEO Cristiano Amon emphasized that since 2021, the company has been actively expanding beyond mobile phones. The company's...
Tuesday 26 November 2024
Thailand's PTT to reduce stake in joint venture with Foxconn
Thailand's state-controlled energy conglomerate PTT has announced that due to fierce competition in the EV market resulting in a price war, the group will lower its stake in the joint...
Wednesday 20 November 2024
Indian antitrust regulator fines Meta for anti-competitive practices
The Competition Commission of India (CCI) imposed a substantial fine of INR2.13 billion (approx. US$25.3 million) on Meta, the parent company of WhatsApp, citing the abuse of its...
Monday 18 November 2024
Moore Threads initiates A-share IPO process with a valuation of approximately CNY25 billion
According to an announcement on the China Securities Regulatory Commission's (CSRC) official website, Chinese GPU manufacturer Moore Threads completed registration with the Beijing...
Tuesday 12 November 2024
Pat Gelsinger seeks stronger CHIPS Act backing from incoming Trump administration
Since assuming the role of Intel CEO in 2021, Pat Gelsinger has actively collaborated with government leaders to advance the CHIPS Act, a 2022 initiative aimed at boosting US semiconductor...
Monday 11 November 2024
SK On achieves first-ever profit, powered by 4 key success factors
SK On, SK Innovation's battery manufacturing subsidiary, posted its first quarterly operating profit of KRW24 billion (approx. US$17.19 million) since becoming independent in October...
Wednesday 6 November 2024
GF faces penalties for shipments to SJS despite SMIC, JCET divesting stakes
The US Department of Commerce's Bureau of Industry and Security (BIS) announced on November 1 that GlobalFoundries (GF), a US semiconductor foundry, has been fined US$500,000 for...
Monday 4 November 2024
Toshiba fights back, aiming to double power chip market share to rival global giants in 2030
Toshiba Electronic Devices & Storage has set an ambitious target to boost its market share in the global power semiconductor market from the current 3.2% to a double-digit percentage...
Wednesday 30 October 2024
Intel foundry: to split or not? Insights from Gelsinger and insiders
In March 2022, Intel CEO Pat Gelsinger was a guest at President Biden's State of the Union address, highlighting Intel's pivotal role in revitalizing semiconductor manufacturing in...
Monday 28 October 2024
Battery giants clash: CALB sues CATL, Tesla for patent infringement
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...
Thursday 24 October 2024
South Korea raises industrial electricity rates by 9.7%, impacting chipmakers
South Korea raises industrial electricity rates by 9.7% on average, marking the seventh adjustment since 2022. This cumulative rise exceeds 60% over three years and is expected to...