Demand for electric vehicle (EV) batteries has surged as countries pledge to phase out gasoline cars and automakers roll out more EV models. According to a report from the International Energy Agency (IEA), global battery demand will grow to over 3500 GWh by 2030. Therefore, investment in the supply chain, especially in raw materials extraction, is needed now.

Amid a fierce tussle between India’s state governments to woo chip plants, Gujarat announced India’s first incentive scheme for semiconductor and display investments.

United Microelectronics (UMC) will continue to run its fabs at full capacity utilization in the third quarter of 2022 when the pure-play foundry expects to post flat sequential increases in both unit shipments and ASPs.