General Motors saw record revenue and double-digit EBIT-adjusted margins in the third quarter, thanks mainly to production increase and robust pricing. However, the carmaker has dialed back its EV production goal due to the delay of the battery production launch in Ohio.
Chinese automaker Great Wall Motor (GWM) has announced it will set up a fully-owned semiconductor subsidiary to foster its own chip design and manufacturing with a registered capital of CNY50 million (US$6.9 million).
China-based Shenzhen Jufei Optoelectronics and Shenzhen Longli Technology as well as Taiwan-based Epistar and Everlight Electronics have been in active competition for orders for mini LED backlighting of automotive displays, according to industry sources.
Taiwan’s CCL (copper-clad laminate) processing equipment supplier Asia Meal Industries (AMI) expects its annual revenues for 2022 to register a double-digit growth despite a slowdown in CCL demand for PC and other consumer applications.
In the third quarter earnings result conference, SK Hynix Chief Marketing Officer Kevin Noh said the company is cutting its 2023 capital expenditure by more than 50% year-on-year in light of over-supply on the memory market and revealed consideration of selling its fabs in China if US-China Chip War makes its operation in China too difficult to continue.
Swedish automaker Volvo’s new electric flagship due to be publicly presented on November 9 will feature Qualcomm’s Snapdragon Cockpit Platform. As EENews Automotive reports, the electric EV EX90 will possess a vertical large central display and a smaller, horizontal display placed directly in front of the driver. While the smaller screen displays essential driving information, the larger one displays infotainment data, navigational maps, and information related to vehicle status.
Taiwan’s IC design houses are spending more resources and efforts on developing AI-related applications to strengthen their competitiveness. They are keen on incorporating AI algorithms into their chip products and using AI software tools to boost their IC design speed, according to industry sources.