PlayNitride chairman Charles Li stated that the development of Micro LED technology will rapidly drive down costs at a pace similar to Moore’s Law, with costs expected to fall below OLED by as early as 2030.

In June 2024, Vanguard International Semiconductor (VIS) and NXP unveiled plans to collaborate on establishing VSMC in Singapore, where they will build a 12-inch wafer fabrication plant. On August 4, 2024, they officially confirmed that they have secured the required approvals and will move forward with the investment, which amounts to approximately US$7.8 billion.

India-based IC design house BigEndian Semiconductors raised US$3 million and aims to partner with Taiwan-based UMC to launch security chips amid the emergence of a local semiconductor ecosystem.

Intel has been dealing with ongoing losses and is reportedly exploring various cost-cutting measures and monetization strategies for its foundry services. Meanwhile, SMIC, which also emphasizes local chip manufacturing, is poised to reap the rewards of its past investments.