Chipbond Technology, a semiconductor backend house with a strong focus on Display Driver ICs (DDI), expects demand to improve in the second quarter of 2024 although order momentum was weak in the previous quarter, according to company chairman Fei-Jain Wu.

SK Hynix held a press conference on May 2 at its headquarters in Icheon, Gyeonggi Province, to reveal details of its investment plans for the M15X fab in Cheongju and the Yongin Semiconductor Cluster in South Korea, as well as advanced packaging facilities in Indiana, the US. Company CEO Kwak Noh-Jung disclosed during the conference that SK Hynix has already sold out of its HBM memory production for this year and is almost sold out for 2025.

Qualcomm reported slightly stronger-than-expected results over the past quarter, and its upbeat outlook suggests an improvement in the mobile phone industry. Qualcomm also expects the automotive business to play a larger role.