Toyota Motor Thailand has signed an agreement with Thailand’s Excise Department to receive tax incentives and a subsidy for Toyota’s battery electric vehicle (BEV) model bZ4X, the Bangkok Post reported on April 29. According to the department, Great Wall Motor Thailand and MG Sales Thailand have also signed such an agreement, which brings BEV taxes down from 8% to 2% until 2026 and provides a subsidy of THB70,000-150,000 to each BEV buyer. Furthermore, import duty on BEV from Japan, South Korea, and Europe will decrease to 20%, 40%, and 40% respectively.

Taiwan’s IC manufacturers are reportedly mulling price hikes later this year, while sources in the IC design sector reckoned the impact would be limited as the hikes might only target popular manufacturing nodes.

Power supply maker and energy solution provider Delta Electronics expects sales from devices for electric vehicles (EVs) to increase 30-40% in 2022, according to company chairman Yancey Hai.

India held the first-ever Semicon India conference, during which semiconductor companies such as Applied Materials and ISMC announced investments in response to India’s goal to build a semiconductor ecosystem.