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NEWS TAGGED AUTOMOTIVE IC
Tuesday 26 November 2024
STMicro postpones US$20 billion revenue target to 2030 on auto chip slowdown
STMicroelectronics (STM) has revised its growth targets amid persistent weak demand for chips used in automotive and industrial applications. During its Capital Markets Day in Paris,...
Monday 25 November 2024
STMicroelectronics partners with Hua Hong Semiconductor to boost local production in China's EV market
STMicroelectronics unveiled a strategic partnership with China's Hua Hong Semiconductor, with a plan to commence production of 40nm process MCUs in Shenzhen by the end of 2025. STMicroelectronics...
Thursday 21 November 2024
Rohm delays SiC plant amid EV slowdown
Rohm Semiconductor is grappling with a significant slowdown in the electric vehicle (EV) market, leading to reduced semiconductor demand and an unexpected financial loss.
Wednesday 20 November 2024
Professional Computer Technology forecasts profitability in 2024 despite challenges, eyes AI-driven growth
Jiang-song Fu, chairman of IC distributor Professional Computer Technology (PCT), projected 2024 to be the trough for their operations. Despite this, the company expects to remain...
Wednesday 20 November 2024
AI servers, AI PCs, and automotive electronics to drive 2025 sales growth for Taiwan ODMs
Taiwanese IT product manufacturers expect AI server demand to drive their growth in the fourth quarter of 2024, as consumer electronics enters the traditional low season. Looking...
Tuesday 19 November 2024
Wolfspeed fires CEO amid EV slowdown
Wolfspeed's board has announced the dismissal of CEO Gregg Lowe, effective at the end of November. Lowe, who has led the semiconductor company since 2017, will be replaced by Board...
Monday 18 November 2024
SK Siltron secures US$544 million loan to support SiC wafer production
SK Group's silicon wafer manufacturer SK Siltron has confirmed that it will receive a loan of US$544 million from the US Department of Energy (DOE) to invest in its silicon carbide...
Friday 15 November 2024
Germany's automotive cuts feed semiconductor talent race
Europe's automotive sector is facing sweeping changes, marked by mass layoffs and factory closures, with Germany's top automakers—Volkswagen AG, BMW, and Mercedes-Benz—feeling...
Thursday 14 November 2024
Taiwan IC design houses pursue growth opportunities in challenging auto sector
Leading integrated device manufacturers (IDMs) have expressed concerns about the automotive semiconductor market outlook for 2025. Despite these challenges, Taiwan-based IC design...
Thursday 14 November 2024
Pegatron substantially expands server operations for 2025
Pegatron is poised to expand its server operations significantly, with initial results from its automotive and server businesses expected to materialize in 2025. Despite being a relative...
Thursday 14 November 2024
PMIC firm Silergy expects 15% of revenue to come from automotive in 2025
Power management IC (PMIC) specialist Silergy has seen growth in the third quarter of 2024 compared to last year, which chairman Wei Chen attributes to the end of inventory adjustments...
Thursday 14 November 2024
Automotive chip fab projects face suspension in Europe amid EV slowdown
The global semiconductor shortage that plagued automotive chips from 2020 to 2022 has subsided, as electric vehicle (EV) demand in Europe and the US falls short of projections. While...
Tuesday 12 November 2024
AI and semiconductor gains fuel automotive supply chain growth
Automotive supply chain players are increasingly branching out into non-automotive sectors, notably semiconductors, with companies like Global PMX and TsangYow at the forefront.
Monday 11 November 2024
Himax results exceed expectations, driven by automotive IC revenue and Chinese orders
Himax Technologies exceeded third-quarter 2024 expectations, fueled by strong automotive IC revenue from Chinese orders. Despite a revenue decline and lower gross margin, the company...
Monday 11 November 2024
Rohm anticipates first loss in 12 years due to weak EV and China demands
According to Nikkei, Rohm's performance for the first half of fiscal year 2024 (April to September 2024) has significantly underperformed expectations, resulting in a loss...