Semiconductor equipment maker ASML is aggressively expanding its presence in Asia to enhance collaborations with its largest customers, aiming for significant growth opportunities in the years ahead.
Apple is preparing to begin sourcing chips for its devices from a plant under construction in Arizona, marking a major step toward reducing the company’s reliance on Asian production.
Teco Electric & Machinery will complete construction of a factory in India by the end of 2022 and begin production of motors there in first-quarter 2023, according to company president Thomas Fann.
Liteon Technology announced that the second phase of its manufacturing facility in Haiphong, Vietnam, was officially inaugurated. As an overseas demonstration of Liteon towards Industry 4.0 and smart manufacturing, the facility will be highly automated, digitalized, and combined with advanced technologies such as big data, artificial intelligence, and the Internet of Things, playing a key role to manufacture networking and consumer electronics products.
With display driver IC (DDI) supplier FocalTech Systems announcing plans to lay off 10-15% of employees and reduce pays for all its senior executives, market concerns are rapidly rising over whether the entire IC design industry will fall into a storm of layoffs and salary cuts, according to industry sources. But IC design engineers will probably stay unaffected, the sources added.
SK On recently announced that it has signed a deal with Chile’s SQM for high quality lithium hydroxide for five years starting in 2023. The South Korean company has also reached an agreement with Australia’s Lake Resources for battery-grade lithium for a maximum of 10 years.