Hotai Motor, Taiwan’s automotive leader, projected Taiwan’s vehicle market will reach 460,000 units in 2024, up from a prior estimate of 450,000 units, citing steady domestic demand and improved production conditions.
The German government is preparing billions of euros of new investments into the nation’s semiconductor industry, two months after Intel Corp. shelved plans to build a EUR30 billion (approx. US$32 billion) chip factory in Magdeburg.
The Chinese electric vehicle (EV) industry is characterized by intense competition as numerous automakers aim to achieve profitability in the face of increasing sales. Xiaomi, with its substantial financial resources, has the potential to disrupt this market.
Lithium-ion batteries, a cornerstone of modern technology, traditionally rely on cobalt for their stability and energy density. However, cobalt’s high cost, environmental concerns, and its concentration in geopolitically unstable regions have raised alarms about supply chain vulnerabilities.
Amid challenges, Samsung has decided to scale back investments in its foundry business, prioritizing existing production lines to reduce losses and refocusing efforts on regaining competitiveness in memory technologies. However, with its foundry lagging in technical competitiveness and large-scale investments difficult to recoup, Donald Trump’s re-election and speculations regarding spinning off Samsung’s foundry unit or collaborating with Intel have further heightened interest in Samsung’s future direction.