The United States has revoked Taiwan Semiconductor Manufacturing Co.’s (TSMC) authorization to ship equipment and materials without a license to its Nanjing fabrication plant, according to TSMC.

Industry insiders anticipate a softer third quarter for LCD monitor panels in 2025, with shipments expected to fall about 5% compared to the second quarter, despite this period usually being a peak season. Manufacturers remain hesitant to reduce prices, even as many products continue to operate at loss-making levels. Notebook panel demand has seen some improvement during the third quarter, supported by back-to-school sales and Black Friday preparations, though pricing remains largely stable amid rising costs.

Multiple local governments in China have introduced “computing power vouchers” to reduce costs and increase access to artificial intelligence (AI) technology for small and medium-sized enterprises (SMEs). These vouchers, essentially government subsidies, allow companies to purchase computing power services at significantly lower prices, accelerating digital transformation across various industries.

GlobalFoundries (GF) has named Victor Hu, a semiconductor industry veteran with over 25 years of leadership experience, as vice president of sales and president of China. In this role, Hu will lead strategic planning, business development, and partner relations in what the company views as one of its most important growth markets.