US-sanctioned SMIC reported its first sales growth in four quarters. Its profit halved amid a semiconductor downturn, with utilization rates remaining low.

Nuvoton Technology, a Taiwan-based MCU provider, expects much less inventory pressure in 2024, with the supply chain set to return to normal operations this year.

Toyota Motor experienced sales growth in all regions in the April-December 2023 period. Strong hybrid EV sales specifically helped the carmaker double its profits. The company also...