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Wednesday 21 December 2022
Audi to transform global production sites to make EVs by 2029
Audi has embarked on accelerating the electrification effort. According to a production plan for the future announced on December 20, every Audi plant will make EVs by 2029. The automaker...
Wednesday 21 December 2022
XPeng sets up battery subsidiary despite losses
Following Nio's newly-established battery subsidiary, XPeng has set up an entity focusing on battery and its components manufacturing, which may imply that XPeng is trying to develop...
Wednesday 21 December 2022
Government subsidies may allow China IC backend houses to cut prices
With China stepping up the subsidizing of its IC industry, China-based IC backend houses would be able to initiate effective price cuts to attract orders in 2023, according to industry...
Tuesday 20 December 2022
China automakers keen to reach self-sufficiency for automotive ICs
To cope with the US ban on exports of advanced semiconductors to China, Chinese automakers are making efforts to promote local production of automotive ICs, according to industry...
Tuesday 20 December 2022
Renesas resumes Beijing chip plant production on Dec. 20
Japan-based Renesas Electronics has resumed production at its chip plant in Beijing after a suspension caused...
Tuesday 20 December 2022
China automotive IC makers may benefit from government's subsidization
The China government plans to offer over CNY1,000 billion (US$143.3 billion) to subsidize China-based semiconductor makers again in a bid to boost development of local semiconductor...
Tuesday 20 December 2022
Foxconn continues to plan for China after cutting ties with Tsinghua Unigroup
On December 16, the Foxconn group made a major announcement, stating that it will be selling its entire stake in China's Tsinghua Unigroup. Foxconn's sudden announcement has certainly...
Tuesday 20 December 2022
US Treasury to announce IRA battery materials guidance in March 2023
The US' Inflation Reduction Act (IRA) will play a fundamental role in scaling up the country's EV market. The US Treasury Department said on December 19 that it will delay the issuance...
Tuesday 20 December 2022
Largan sues GSEO in China
Largan Precision has filed a patent infringement lawsuit with China's Xiamen Intermediate People's Court against fellow Taiwan-based optical lens company Genius Electronic Optical...
Tuesday 20 December 2022
LED makers cautious about labor shortage caused by easing of anti-COVID-19 restrictions in China
As the China government is progressively relaxing anti-COVID-19 control measures, a large number of factory workers are expected to go home for the 2023 Lunar New Year vacation and,...
Tuesday 20 December 2022
China 12-inch silicon wafer startup raises CNY4 billion
Eswin Silicon Wafer Technology, a 12-inch silicon wafer supplier based in Xian, China has raised nearly CNY4 billion (US$573.6 million) in series C funding from China National Building...
Tuesday 20 December 2022
Samsung raises 3D NAND flash prices by 10%
Despite sluggish demand, Samsung raised its NAND flash prices for the first half of December, with 3D NAND flash prices rising by as much as 10%, according to industry sources.
Tuesday 20 December 2022
Foxconn enjoys capacity resumption after China eases COVID-19 restrictions
Hon Hai Precision Industry (Foxconn) has seen its capacity in China recovering quickly since the Chinese government significantly eased its COVID-19 restrictions. The company's smartphone...
Tuesday 20 December 2022
Notebook component makers see large absences at China plants due to COVID
With China significantly easing its COVID-19 restrictions, some notebook supply chain companies in China have seen infections in their plants affect up to 50% of their workers, resulting...
Tuesday 20 December 2022
China to step up support for local chipmakers
China remains ambitious to be self-sufficient for ICs despite the US' export controls against more Chinese chipmakers, including NAND flash memory maker Yangtze Memory Technology...