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Toyota, Nissan, and Honda Join Forces on AI and Chip Development for Next-Gen Vehicles
Toyota, Nissan, and Honda have teamed up to develop cutting-edge AI and semiconductor technologies for next-generation vehicles, focusing on areas like semiconductor chips, APIs, virtual simulation, and cybersecurity. Supported by Japan's Ministry of Economy, Trade, and Industry, this collaboration aims to enhance Japan's competitiveness in the evolving automotive industry. The initiative includes forming the Advanced SoC Research for Automotive (ASRA) group, involving 12 companies, to create high-performance system-on-chip (SoC) technologies for mass production by 2030, marking a significant advancement in software-defined vehicles (SDVs) and autonomous driving capabilities
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6.8.2023
China's State Council Proposes Extension of NEV Car Incentives to Boost Consumer Demand
The Chinese government is considering extending incentives for new-energy vehicles (NEVs) in order to boost consumer demand. Currently, NEVs priced below 300,000 yuan ($42,400) are exempt from a 10% purchase tax, but this incentive is set to expire at the end of 2023. The State Council has proposed extending this incentive for another four years, aiming to stimulate the adoption of NEVs in China.
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6.8.2023
Rapid Adoption of Electric Cars in the UK Presents Fiscal Challenges, Calls for "Road Duty"
British motorists are adopting electric cars faster than expected, leading to a significant gap in fuel duty revenue for the UK Treasury. To compensate for the revenue shortfall, the Resolution Foundation suggests implementing a "road duty" charged on every mile EVs drive, which could cost the public purse £10 billion per year by the end of the decade.
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6.8.2023
Ford CEO Predicts Electric Vehicles to Achieve Cost Parity Post-2030
Ford's EV Cost Parity: Ford's CEO, Jim Farley, predicts that electric vehicles will not achieve cost parity with internal combustion engine vehicles until after 2030. Farley expects cost savings to come from simplified production processes, smaller batteries, lower labor content, and increased revenue from software-driven digital services between 2030 and 2035.
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6.8.2023
Broadcom Reports Strong First Quarter Results
CEO Hock Tan expressed confidence in the company's future growth, highlighting Broadcom's exposure to generative AI, which is expected to double to over $1 billion this fiscal year. With its stock surging 4% in after-hours trading and positive guidance for the second quarter, Broadcom's strong performance signals promising prospects for both the company and the semiconductor industry at large.
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6.8.2023
MediaTek's Optimistic Outlook Amidst Continuing Weak Demand in 2023
MediaTek expects mobile business growth to rebound in 2024 following weak demand in 2023. The company is targeting new markets like 5G and artificial intelligence to offset the slump. Despite the global chip shortage, MediaTek remains optimistic, investing in new technologies and expanding into IoT for long-term growth and potential competition with Qualcomm in the semiconductor market.
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6.8.2023
MediaTek and Nvidia Join Forces to Deliver AI Solutions for Software-Defined Cars
MediaTek and Nvidia partner to create an AI smart cockpit solution for software-defined cars. This collaboration combines MediaTek's semiconductor technology with Nvidia's AI and graphics capabilities, delivering high-definition navigation, entertainment, and gaming. Integration of Nvidia's DRIVE OS and DRIVE IX enhances autonomous driving features, ensuring safer vehicles. Automakers benefit from a comprehensive smart cockpit solution, reducing costs and speeding up development.
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6.8.2023
Japan Bans Chip Manufacturing Equipment Exports to China
Japan's decision to ban the export of 23 chip manufacturing equipment to China, citing concerns over military development, has sparked tensions between the two countries. China denounced the move, calling it a violation of international law and free trade. The ban is expected to worsen China's chip shortage and strain the already contentious trade relationship between Japan and China.
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6.8.2023
Renesas Electronics Acquires Panthronics to Expand Connectivity Portfolio
Renesas Electronics has successfully completed its acquisition of Panthronics, a leading fabless semiconductor company specializing in high-performance wireless products. The integration of Panthronics into Renesas' Wireless Business Unit is expected to boost earnings per share in the first full year post-acquisition, solidifying Renesas' position as a premier supplier of advanced semiconductor solutions.
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6.8.2023
HP Inc. Reports April-Q Sales Decline, Misses Expectations Amidst Weak PC Demand
Hewlett-Packard (HPQ) reported a decline in April sales by 21.7% YoY to $12.9 billion, falling short of expectations. PC sales for HPQ also dropped significantly, with a 29% YoY decline and units down 28%, reflecting weak consumer and commercial demand. HPQ's outlook remains mixed, with sales projected to be flat to down 5% y/y, but the company benefits from strong demand in its printing and services businesses.
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6.7.2023
UMC Faces Sluggish Demand in First Half and Eyes Third Quarter Recovery
UMC, a Taiwanese semiconductor manufacturer, faces slow inventory depletion and weak demand, indicating a slow industry recovery. They plan to maintain stable prices and provide strategic assistance in the 8-inch wafer market while focusing on core businesses and technological advancements.
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