SK Hynix announces capex cuts by 50%, and selling China fabs could be option in contingency plan

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.

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Qualcomm’s automotive business strides on, Snapdragon to be found in Volvo’s new flagship EV

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.

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