07
May
06
May
Apple no longer silent on AI; GenAI major talking point at earnings call
At its recent earnings conference for the second quarter of fiscal year 2024, Apple finally strayed away from its past tight-lipped approach regarding AI and Generative AI, openly discussing them during questioning. Naturally, AI became one of the most discussed topics during the earnings conference, second only to the Chinese market.
06
May
SK Hynix doubles down on next-gen DRAM production: M17 plant to supplement M15X for AI applications
SK Hynix has reportedly designated its M17 factory site as another new DRAM production base soon after announcing in late April its investment in the M15X DRAM plant in Cheongiu, South Korea, aiming to start production before the completion of the Yongin semiconductor cluster to ensure sufficient capacity for next-generation DRAM, including High Bandwidth Memory (HBM), for AI applications.
06
May
Toyota, Tata Motors positioned to benefit from hybrid auto boom
A rapidly growing, global market for hybrid electric vehicles should power earnings at major Asian automakers including Japan’s Toyota Motor Corp. and India’s Tata Motors Ltd.
06
May
iPhone maker Hon Hai hits a record high buoyed by AI, Apple
Hon Hai Precision Industry Co.’s shares jumped to a record high after posting its strongest monthly sales growth since the start of 2023, potentially raising expectations for iPhone and AI server sales.
06
May
Samsung SDI-Stellantis US joint battery plant reportedly to begin production in November
Samsung SDI and Stellantis have been building a joint battery plant in the US to produce the South Korean company’s sixth-generation prismatic battery, P6.
06
May
AMD optimistic about AI-related performance; gaming business unlikely to improve in short term
In the first quarter of 2024, AMD’s data center and client revenue experienced year-on-year growth rates of over 80%. The company is optimistic that AI will fuel these two businesses to continue to grow. In contrast, AMD’s gaming business saw a significant decline of nearly 50%, with prospects appearing even bleaker. It’s speculated that this could affect the launch of new products.
06
May
Eaton keenly expands into South Korea, offering advanced UPS solutions for chipmakers and data centers
Eaton, a renowned smart power management company headquartered in Dublin, Ireland, is actively expanding into the South Korean uninterruptible power supply (UPS) market, competing with Japanese companies.
06
May
Military PA provider Transcom sees drones and electromagnetic warfare as growth drivers
Transcom, a Power Amplifier (PA) manufacturer primarily focused on the defense industry, has seen steady growth in its overall operations, benefiting from defense contracts and increasing shipments of microwave communication products. It also has prospects to penetrate the aerospace and commercial satellite communication product markets in the United States and Japan.
06
May
Semco and LG Innotek outperform expectations in 1Q24 due to AI-driven growth in high-end components
Amidst the global economic downturn and the continuous slowdown in end-product IT demand, Samsung Electro-Mechanics (Semco) and LG Innotek, which previously experienced severe performance slumps, have outperformed industry expectations in the first quarter of 2024 by supplying high-value-added products for AI and EV demand.