Volkswagen Group broke ground on its first of six battery plants in Europe last week, marking progress in vertical integration. Moreover, the automaker has been expanding the software team in China as one way to fulfill its ambition. CEO Herbert Diess said that the company is considering “big moves” in the country.
Taiwan recorded exports of US$42.20 billion for June 2022, the second highest-ever monthly level with growth of 0.3% sequentially and15.2% on year, while the corresponding imports totaled US$37.56 billion, the third highest-ever monthly figure, decreasing 5.3% sequentially but increasing 19.2% on year, according to the Ministry of Finance (MOF).
Samsung Electronics reportedly will stop using its own Exynos mobile SoCs for next-generation flagship smartphone model Galaxy S23, and instead will adopt Qualcomm’s new-generation Snapdragon flagship mobile AP, apparently looking to bolster its smartphone sales rather than its SoC brand, according to industry sources.