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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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6.22.2023
China Launches Nationwide Auto Consumption Promotion
China has launched a nationwide promotion to boost auto consumption. The promotion focused on three key areas: promoting NEV consumption in rural areas, holding auto festivals in 100 cities, and promoting auto credit financial support. It is expected to help boost auto sales in China, which have been declining in recent months.
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6.22.2023
Mixed Performance in China's Auto Retail Sales: NEVs Show Resilience in a Challenging Market
China's auto retail sales were weak in the first two weeks of June, with passenger car sales up 3% year-on-year and NEV sales up 18% year-on-year. The weak performance of the overall passenger car market was due to a number of factors, including rising interest rates and concerns about the economy.
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6.21.2023
Taiwan Sembcorp Focuses on Expansion Plans Despite Continued Weak Market Demand
During a shareholder's meeting, Taiwan Sembcorp acknowledged the continued weak market demand and inventory challenges faced by the semiconductor industry in Q2. However, the company remains committed to expanding its 12-inch new factory, demonstrating confidence in the long-term growth of the sector. By investing in increased manufacturing capacity, Taiwan Sembcorp aims to position itself to meet future demands and capitalize on emerging technologies. Despite the current challenges, the company's proactive approach aligns with expectations of a market rebound and reinforces its commitment to industry growth.
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6.21.2023
Global Spending on 300mm Fab Equipment Set to Reach All-Time High Driven by High-Performance Computing and Automotive Demand
Global spending on 300mm fab equipment is expected to rebound in 2024 after a decline in 2023. The foundry sector will lead the growth, followed by memory. Other segments will grow at a slower pace. The growth drivers include high-performance computing and the automotive industry's demand for advanced semiconductors. The adoption of new technologies like AI, machine learning, and EUV lithography will further support the growth in equipment spending.
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6.20.2023
Siemens to Invest €2B in Expanding Manufacturing Capacity for Factory Automation Equipment in Singapore and Chengdu
In Singapore, Siemens aims to optimize production processes, introduce advanced technologies, and meet the increasing regional demand. Chengdu, China, with its strong manufacturing ecosystem, will serve as a center of excellence for producing high-quality automation equipment to cater to the domestic and regional markets. This investment aligns with Siemens' focus on digital transformation, Industry 4.0 principles, and its dedication to supporting the growth and competitiveness of industries in the Asia-Pacific region.
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6.20.2023
Texas Instruments to Expand with Two New Assembly and Test Plants in Malaysia
Texas Instruments (TI) has announced plans to expand its Malaysian manufacturing operations by constructing two new assembly and test plants in Kuala Lumpur. The company has acquired adjacent buildings to its existing facility and plans to start construction later this year. The new plants will focus on assembling and testing analog and embedded processing chips.
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6.20.2023
The Future of LED Lighting Looks Bright
Despite facing challenges in 2022, the global LED lighting market is expected to rebound in 2023. The LED lighting market is expected to grow at a CAGR of 11.35% from 2023 to 2028, with LED luminaires dominating the market. Indoor applications, including homes and offices, are expected to have the largest market share. Residential use of LED lights is also projected to contribute significantly to market growth. The LED lighting market is dynamic and poised for significant growth in the coming years, with advancing technology, supportive regulations, and growing consumer demand
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6.20.2023
Tesla's Expansion Plans Continue with Talks of New Factory in Spain
The factory would be Tesla's third in Europe, after the Grünheide factory in Germany and the Gigafactory in Norway. Tesla is also planning to build a factory in Austin, Texas. Tesla's sales have more than doubled in the past two years, and the company is on track to deliver over 1 million cars in 2023. The factory ins would also help Tesla to reduce its reliance on China, where it currently manufactures most of its cars.4
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6.20.2023
Electric Vehicles Drive German Auto Market Recovery
German new-vehicle registrations rose 19% in May, helped by strong demand for electric cars. Sales of full-electric cars increased 47%, continuing their bounce back after falling 13% in January when government subsidies for battery-electric cars were significantly reduced. EVs had a 17.3% market share in May. Gasoline cars are still the biggest sellers in Germany, with sales up 18% for a 35.5% market share. Diesel sales rose 3.6% for a 17.6% share.
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6.19.2023
LG Electronics Partners with AI Startup Tenstorrent to Bring Next-Generation AI to TVs and Cars
Tenstorrent, an AI startup, and LG Electronics, a consumer electronics company, have partnered to develop next generation chiplets for premium TVs and automotive products. The chiplets will be optimized for AI-enhanced features and high-performance computing and will be integrated into a range of LG products, including premium TVs, high-performance automotive chips, and smart devices. The partnership will help LG differentiate its offerings in the market and deliver more advanced AI capabilities to its customers. The chiplets are expected to be available in 2024.
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