UMC reports mixed financial results amid market challenges

Pure-play foundry United Microelectronics (UMC) has reported a revenue of NT$17.55 billion (US$541.1 million) for June 2024, marking a 10.5% sequential decline and a 7.9% decrease YoY. Despite this monthly dip, UMC’s revenue for Q2 2024 reached NT$56.8 billion, representing a 4% increase from the previous quarter. The revenue for the first half of this year totaled NT$111.43 billion, showing a modest 0.8% increase from the previous year.

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TSMC subsidiary JASM to double hiring for new chip factories in Japan

Japan Advanced Semiconductor Manufacturing (JASM), a subsidiary of Taiwan Semiconductor Manufacturing Company (TSMC), is set to significantly increase its workforce in spring 2025. The company plans to hire over 600 new employees, more than doubling its intake compared to early 2024. This substantial boost in recruitment is aimed at staffing two new semiconductor factories in Kumamoto Prefecture, Japan. The first facility is scheduled to commence chip production in 2024, with the second planned to open in 2027.

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Samsung establishes HBM development team as first major change under new DS division head

Under the guidance of newly appointed head Young Hyun-Jun, Samsung Electronics’ Semiconductor and Device Solutions (DS) division is reportedly enhancing its competitiveness in high-bandwidth memory (HBM) and advanced packaging (AVP) through strategic organizational restructuring and reforms. According to ZDNet Korea, the DS division’s recent reorganization primarily focuses on HBM, AVP, and the Equipment Technology Research Institute.

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BEV sales to hit 10 million in 2024, says Counterpoint

Battery electric vehicles (BEVs) are set to reach the 10-million milestone in 2024, marking a significant achievement for the global passenger vehicle market, according to Counterpoint. This milestone will coincide with the resumption of the long-term decline for internal combustion engine (ICE) vehicles, whose market share is expected to fall below 50% within four years, the research firm said.

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Taiwan OSATs poised to rebound on robust AI, HPC chip demand

Taiwan’s major outsourced semiconductor assembly and test (OSAT) service providers, including ASE Group, Powertech Technology, King Yuan Electronics (KYEC), and Sigurd Microelectronics, are expected to see their performance gradually stabilize in the coming months. Supply chain sources suggest that these companies are likely to perform better in 2024 than in 2023, driven by robust demand for high-performance computing (HPC) and artificial intelligence (AI) chips.

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