Amidst India’s aspirations to build a local semiconductor supply chain, a significant step forward has been taken. The government of Assam has signed a land-leasing agreement with the Tata Group, expediting the process of establishing a semiconductor facility in the region.

Despite a decline in demand for devices like smartwatches in the first half of the year, Samsung remains hopeful that new products and marketing strategies will drive a turnaround in wearable device sales.

On July 17, the Biden-Harris Administration announced a non-binding Preliminary Memorandum of Terms (PMT) between the US Department of Commerce and GlobalWafers America, LLC and MEMC LLC, subsidiaries of GlobalWafers Co., Ltd, a Taiwan-based wafer manufacturer.

LG Display (LGD) is in the process of selling its 8.5-generation LCD factory in Guangzhou, China, where TCL CSOT has reportedly offered a higher bid than BOE. If LGD successfully sold its Guangzhou factory it could improve LGD’s performance in the second half of 2024 and accelerate investment in 8.6-generation OLED production lines for IT devices.