China, the second-largest electric vehicle(EV) market, is aggressively deploying charging infrastructure, including battery swapping stations. Multiple businesses have launched swapping services backed by government subsidies. However, challenges like lacking standardized batteries may slow down the democratization.

LED driver IC design house Macroblock will be striving to boost its shipments for high-end and niche-market device applications in 2022, when the company expects to post a double-digit revenue surge.

LED backlight unit (BLU) maker Radiant Opto-Electronics have had to defer 40% of shipments for orders received in April 2022 due to anti-COVID-19 lockdown in many Chinese cities, according to company chairman Wang Pen-jan.

After establishing a joint venture with Foxconn to set up a 28nm fab in India, Vedanta Group reportedly is seeking generous subsidies from local governments, including free land, cheap water, and electricity.