Taiwanese IC design company Egis Technology (EgisTec) is actively exploring innovative opportunities in the cloud AI market through a collaboration with Arm.
With the increasing implementation and demand for edge AI applications, DRAM manufacturer Innodisk stated that its edge AI projects have been progressing smoothly with AIoT-related businesses accounting for 21% of its overall revenues in the first half of 2024, rising from 2023’s 19-20%, and the company is aiming to raise the share by an additional 2pp from the first half in the second half of 2024.
Cheng Mei Materials, a leading polarizer manufacturer, has reported weaker-than-expected panel demand for the third quarter. With the possibility of China adjusting its production capacity during the National Day holiday in October, the company has adopted a cautious outlook for the quarter. Cheng Mei anticipates a decrease in utilization rates from 90% to 80% but plans to continue adjusting its product mix, focusing on high-value business segments.
SK Hynix, which recorded its best performance ever in the first half of 2024, has experienced remarkable growth in the US and Chinese markets. The company managed to revitalize several of its previously unprofitable businesses, with China and the US now contributing 29.8% and 55.4% of its total revenue, respectively.