Rumors have circulated about LG Electronics considering an IPO for its Indian unit, with reports indicating that the company is actively consulting investment banks for the potential listing.
Samsung Electronics attended Gamescom 2024, held in Cologne, Germany. With an alleged largest-ever exhibition hall of about 800 square meters, Samsung unveiled its new gaming monitor, the Odyssey 3D.
Samsung Electronics has announced the successful qualification of its automotive LPDDR4X memory for use with Qualcomm Technologies’ Snapdragon Digital Chassis. This memory is intended for premium in-vehicle infotainment (IVI) and advanced driver-assistance systems (ADAS). With this strategic move, Samsung aims to capture market share from Micron, the current leader in the automotive DRAM market.
Kioxia, currently ranked third in the global NAND market, is reportedly set to go public in Japan in October 2024. The move aims to secure funds for R&D and production capacity expansion to catch up with industry leaders Samsung Electronics and SK Hynix.
Rapidus, aiming to begin mass production of 2-nanometer chips in Japan by 2027, is seeking significant financial support for its trial production and eventual mass production.
Following AMD’s acquisition of ZT Systems and a plan to sell the latter’s manufacturing business, on August 27, Inventec, which holds 10% of ZT System’s shares, announced its agreement to join the sale of ZT Systems as a seller and become AMD’s shareholder.
Affected by market destocking adjustments, Apple’s operations continue to show lackluster performance as the peak season for 2024 is delayed. Recently, the supply chain has reported that ramp-up production is expected to resume in August and continue until the fourth quarter. However, overall growth remains slow, with the second half of the year projected to have slightly better results than the first half.
Lip-Bu Tan, the founder of Cadence Design Systems and a prominent figure in tech venture capital, resigned abruptly from Intel’s board of directors on August 19. This unexpected departure has sparked intense discussions within the tech industry. Some suggest that his exit might be tied to Intel’s ongoing cost-cutting measures, exacerbating the company’s already difficult circumstances.