Intel Corp., which is slashing jobs and expenses in a bid to turn around the business, sold its holdings in chip technology creator Arm Holdings Plc during the second quarter.

US-made energy storage cells have recently begun their first round of price quoting for 2025 demand. In a positive development for US home energy storage manufacturing, QPO Energy in Oregon has completed construction of its new plant and officially started operations. It has become the second company, after Tesla, to manufacture lithium battery energy storage systems in the US, primarily targeting the home energy storage market.

Typhoon Gaemi, which made landfall on July 24, caused a two-day halt in work across Taiwan, raising concerns of potential economic losses running into hundreds of billions of dollars.

Shin-Etsu Chemical and Sumco, which account for approximately 50% of the global wafer market, have both reported a decline in demand for the April-June 2024 quarter compared to the same period in 2023, indicating a slow recovery in the wafer market.