India’s antitrust watchdog may be nearing the conclusion of a two-year investigation into Apple, which has reportedly found the tech giant guilty of abusing its dominant position in the App Store marketplace.

Reports indicate that China’s DRAM leader ChangXin Memory Technologies (CXMT) is actively investing in high bandwidth memory (HBM) production capacity. Currently, CXMT is establishing a production line at its Hefei site, with a monthly capacity of 50,000 units (based on 12-inch wafers). Hefei is expected to become a major HBM production hub for CXMT.

Silicon wafer company GlobalWafers has revised its revenue growth projection for 2024 to a decline in the high single digits. The revision was downgraded for the second time this year.

Severe rainfall in Switzerland in late June triggered floods that halted production at Novelis and Constellium, two key automotive aluminum alloy parts manufacturers. The disruption directly impacted numerous European automakers, as their production was affected by the subsequent shortage of aluminum components.