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Latest news and trends for industry
20
Nov
SpaceX launches Starship rocket as Trump and Musk look on
- Posted by jeff
SpaceX achieved new feats during the sixth major test launch of its Starship system but nixed an eagerly anticipated midair “catch” of the rocket’s booster as President-elect Donald Trump looked on in South Texas.
20
Nov
LG Group to invest KRW1.8 trillion over five years, aiming for net zero carbon emissions by 2050
- Posted by jeff
LG Group (LG) has set a target to achieve net zero carbon emissions by 2050, making it the only South Korean conglomerate to publicly announce specific carbon neutrality goals and timelines. The company plans to invest KRW1.8 trillion (approx. US$1.3 billion) over the next five years.
20
Nov
FocalTech expects continued growth in TDDI chip sales
- Posted by jeff
The third quarter has historically been a peak season, with robust sales of premium smartphones boosting FocalTech Systems’ AMOLED TDDI shipments to continue their upward trend. Meanwhile, the supply chain’s readiness to amass inventory has increased due to stable prices for mid-range and low-end TDDI products, resulting in increased demand.
20
Nov
VinFast emerges as Vietnam’s leading EV maker amid push to meet year-end delivery targets
- Posted by jeff
VinFast, a Vietnamese automaker often referred to as the “Tesla of Vietnam,” reported sales of 11,000 units in October, securing its position as Vietnam’s leading electric vehicle (EV) brand. Concurrently, Nhật Vượng Phạm, chairman of parent company Vingroup and Vietnam’s wealthiest individual, pledged additional personal investments to bolster the company.
20
Nov
China smartphone industry, 3Q 2024
- Posted by jeff
Chinese smartphone brands’ global shipments went up to 175 million units in the third quarter of 2024 and are expected to enjoy another single-digit on-quarter growth in the fourth quarter of 2024.
20
Nov
Indian antitrust regulator fines Meta for anti-competitive practices
- Posted by jeff
The Competition Commission of India (CCI) imposed a substantial fine of INR2.13 billion (approx. US$25.3 million) on Meta, the parent company of WhatsApp, citing the abuse of its dominant market position in India.