Chipmaker GlobalFoundries to start job cuts and freeze hiring
GlobalFoundries Inc., the biggest US-based provider of made-to-order semiconductors, is beginning job cuts and has enacted a hiring freeze.
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Nov
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Nov
Indonesia holds EV show at G20 in Bali
For the upcoming G20 Summit in Bali, Indonesia, the local police are riding electric scooters while on duty, showcasing the government’s efforts in transitioning to zero-emissions transportation.
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Nov
Silergy expects decreased shipments to continue until mid-2023
Power management IC design house Silergy expects current decreased shipments to remain until mid-2023 because main clients will keep cleaning their inventories until the first half of 2023, according to company chairman Issac Chen.
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Nov
Volvo Cars India sets ambitious target of 50% sales from EVs by 2025
Swedish luxury carmaker Volvo aims to become an all-electric company by 2030 as part of its ambitious climate plan to consistently reduce its carbon footprint per car and become a climate-neutral company by 2040.
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Nov
Himax sees inventory peak in 3Q22
Himax Technologies believes its inventories should have hit their peak in the third quarter of 2022, when the display driver IC specialist saw its revenue and EPS both exceed the guidance given in August.
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Nov
iKala appoints GM for Japan branch, hoping to build Asia’s largest influencer database
Taiwan-based international AI company iKala has appointed Ryuji Tsuchiya as its Japan branch’s GM. The listings on its influencer data platform KOL Radar will massively expand to build Asia’s largest influencer database. According to iKala co-founder Sega Cheng, it will be more active in exploring the Japanese market. The goal is to achieve annual revenue growth of over ten times in 2023.
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Nov
TSMC ecosystem partners for IC design services stay unscathed amid headwinds
TSMC and its ecosystem partners in Taiwan, especially silicon IP and IC design services providers, remain able to embrace revenue gains for the fourth quarter and 2023, while most semiconductor supply chain players may continue to suffer from strong market headwinds through the second quarter next year, according to industry sources.
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Nov
India sees golden opportunity to be global mobile manufacturing hub
Foxconn reportedly plans to expand hiring in India as China maintains its non-tolerance COVID policy. However, a heavy reliance on imported components from China still prevents India from being a mature handsets manufacturing hub.
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Nov
SEA roundup: Taiwanese firms plan PHP3.88 billion investment in Philippines
Global tech companies are actively expanding their manufacturing bases to Southeast Asian countries. Companies, such as Samsung, Chimei, Advanced Semiconductor Engineering (ASE), YFC-BonEagle, are expanding to Vietnam and the Philippines respectively. The Philippines’ economic outlook looks rosy, with the gross domestic product (GDP) rising 7.6% in the third quarter of 2022. Despite geopolitical tension, Singapore is pushing for “open, inclusive” tech supply chains.
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Nov
DDI supplier FocalTech swings to loss in 3Q22
Display driver IC specialist FocalTech Systems swung to net loss of NT$2.77 billion (US$88.8 million) in the third quarter of 2022 from profits in the prior quarter and a year ago, as the fabless chipmaker suffered huge losses from inventory value depreciation.