The EU’s announcement of a 36.3% electric vehicle (EV) tariff on SAIC Motor has placed significant pressure on the automaker. Its revenue for the first half of 2024 was surpassed by competitor BYD, and future profits are likely to be further squeezed by the tariffs.

Despite Samsung Electronics’ high expectations for the sales performance of its newly launched foldable smartphones, the Galaxy Z Fold 6 and Flip 6, intense competition from rivals such as Huawei, Xiaomi, Honor, and Motorola is rapidly intensifying. This competition has forced Samsung to reconsider its strategy regarding the positioning and pricing of its foldable smartphones.

With major IC design houses like Intel, Apple, and Qualcomm launching new products amid rising electronics demand, TSMC’s 3nm capacity utilization has consistently stayed at 100%, which is expected to positively impact the company’s third-quarter results.