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In response to the EU's plan to impose temporary tariffs on electric vehicles imported from China, BYD has invested $1 billion to build a factory and R&D center in Turkey. A 17.4% tariff has been added to BYD's current 10% tariff, and combined with the previous 10% basic import tariff, BYD's export tariff to the EU is as high as 27.4%. If BYD chooses to export to the EU from Turkey, the tariff rate will be significantly reduced.

According to data from the Semiconductor Industry Association (SIA), global semiconductor sales once again achieved impressive results in May this year, up nearly 20% from the same period last year, reflecting the vigorous development of generative AI applications, which has brought strong growth momentum to the semiconductor industry.

India is taking significant steps to diversify its semiconductor supply chain with a new initiative from the Ministry of Electronics and Information Technology (MEITY). This comprehensive effort aims to attract global investments, foster innovation, and develop a skilled workforce to build a robust semiconductor ecosystem. Key elements include offering attractive investment incentives, emphasizing research and development, launching targeted skill development programs, and forming strategic global partnerships. This initiative is poised to make India a major player in the global semiconductor industry, helping to mitigate shortages and reduce dependency on a few key players. 

Vietnam is positioning itself as a significant hub for the semiconductor industry by improving its policy framework, infrastructure, and workforce to attract leading global corporations like Amkor, Foxconn, Samsung, Qualcomm, and Infineon. Despite challenges such as a shortage of skilled engineers and infrastructure needs, the government is actively addressing these issues with plans to train 50,000 industry professionals by 2030 and enhance energy and internet facilities. With strategic efforts, Vietnam aims to become a major player in the global semiconductor market, contributing to its economic growth and integration into the global supply chain. 

Despite the US imposing significant tariff increases on Chinese electric vehicle (EV) batteries, Chinese lithium iron phosphate batteries remain substantially cheaper than US-manufactured ones. The cost of Chinese batteries is still less than half of their American counterparts, even with the tariffs, posing a challenge for US automakers trying to keep EV production costs competitive. Companies like Tesla and LG Energy Solution are investing in domestic LFP production to mitigate this issue, but the transition away from Chinese suppliers will take time and strategic investment.

Tesla Model Y has been included in the Jiangsu Provincial Government's new energy vehicle procurement catalog, with a price of 249,900 yuan. This is the first time that Tesla, a foreign-funded new energy vehicle, has been included in the China government procurement list, which is also a major breakthrough in the country.

The burn-in and test sockets market is set for a significant rebound in 2024, bouncing back from a 17% decline to $1.5 billion in 2023. This resurgence is fueled by the soaring demand for GPUs and DRAM, driven by AI advancements such as ChatGPT. With projections indicating the market will surpass $2 billion by 2029, the recovery is also buoyed by the anticipated growth in semiconductor probe cards and device interface boards. The adoption of high-bandwidth memory, high-performance computing applications, and the rollout of 5G technology are key drivers behind this dynamic growth

Uttar Pradesh is set to become India's next semiconductor hub, according to Chief Secretary Manoj Kumar Singh. The state is leveraging strategic initiatives, robust infrastructure, and a skilled workforce to attract investments and foster innovation. Key developments include financial incentives, improved transportation networks, and specialized training programs in partnership with educational institutions. Strategic partnerships with major semiconductor companies and the establishment of dedicated industrial zones are further driving this transformation. As a result, Uttar Pradesh aims to generate significant economic benefits and position itself as a key player in the global semiconductor market.  

A recent report from the Electric Power Research Institute (EPRI) forecasts that AI data centers could consume up to 9.1% of the U.S.'s total electricity by 2030, driven by the energy-intensive nature of generative AI technologies. Currently, data centers account for 4% of U.S. electricity usage. The report outlines scenarios for potential consumption rates, highlighting the need for improved efficiency and increased collaboration between data center developers and utilities to manage this surge. Strategies such as enhancing cooling efficiency and utilizing renewable energy sources are recommended to mitigate the impact on the power grid

China's manufacturing sector held steady in June with continued production growth but faced softening demand, lower raw material inventories, and extended supplier delivery times.