The US EV charging market is temporarily affected by numerous variables due to the 2024 US presidential election. Alex Lin, Chairman of Phihong’s EV charging market subsidiary, Zerova, stated that while the US market has slowed down, markets in Europe and Japan have shown growth, compensating for the US market’s vacancy. The overall revenue for 2024 is predicted to be about the same as 2023, with hopes of returning to a growth rate in 2025.

One of China’s most prominent chip gear makers is suing the Pentagon for linking it to the People’s Liberation Army, seeking to get off a blacklist that bars business with American firms.

Due to weaker-than-expected demand for electric vehicles (EVs), many traditional Tier 1 suppliers in Europe and the US have undergone significant restructuring in recent years.

In his 42 months as CEO of Intel, Pat Gelsinger recently issued an internal memo announcing layoffs, sharply criticizing Intel’s deep-seated issues. He stated that Intel’s “costs are too high, profits too low, and the company is mired in bureaucracy,” emphasizing that this move is necessary to transform Intel into a leaner, simpler, and more agile company.