Sumitomo Metal Mining has unveiled plans to significantly increase its production of SiC wafers. The company’s subsidiary, Sicoxs, will establish a new production line in Japan to meet the growing demand for SiC wafers, particularly in the electric vehicle (EV) market.

What happens when a tech giant starts to stumble? For outsiders, Intel’s decline may come as a shock. However, for industry insiders, the failure of the semiconductor giant can be traced back to a decades-long series of strategic missteps and missed opportunities, culminating in its current predicament.

LG Display (LGD) is expected to report losses in the third quarter of 2024, driven by sluggish IT OLED sales, rising raw material costs, and the depreciation of the Korean won against the US dollar. Despite these challenges, the company anticipates an improvement in its fourth-quarter performance as it enhances operational efficiency and begins shipping OLED panels for the iPhone 16 series.

The Ministry of Science & Technology of India has announced the launch of BharatGen, a generative AI initiative focused on developing foundational models in language, speech, and computer vision, according to a press release published by the Press Information Bureau of India.