Volvo cuts jobs in China as EV ambitions stall and global restructuring accelerates

Volvo Cars has begun laying off staff in its China operations, with the majority of the cuts affecting its Shanghai-based technical and research and development center, according to employees familiar with the matter. The affected departments include engineering, research and development, and supply chain management. Employees have reportedly been offered severance packages equivalent to three months’ salary plus one month for each year of service (N+3).

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MediaTek and Realtek go head-to-head in Ethernet chips battleground

High-end Ethernet chips continue to advance, while mid-range chips have expanded into broader applications. Particularly, automotive Ethernet is seeing a significant rise in adoption. Competition intensifies across sectors as Broadcom and Marvell wrestle for dominance in high-end cloud and AI server markets, while Taiwanese IC design companies such as MediaTek and Realtek are building more comprehensive product lines to stack up against the competition. As leading chip manufacturers in Taiwan and the US have launched a variety of strategies, chip designers affirm that Ethernet chips are becoming a new battlefield.

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