The new US export restrictions on semiconductor technology put the companies of Chip 4 partner countries in a difficult place. With a big sunk cost in a market with a 1.4 billion population, South Korean, Japanese, and Taiwanese companies may need to start drawing up contingency plans and make tough choices as the US-China power struggle becomes inevitable.

Amid heightened scrutiny from the Indian government, Xiaomi, India’s largest smartphone vendor, has closed its financial services business in India, leaving only the hardware business operating.

Power supply maker and energy management solution provider Delta Electronics expects devices used in electric vehicles (EVs) to contribute to overall profitability beginning 2023, according to company chairman Yancey Hai.

The Malaysian semiconductor industry is projected to increase by 8-10% in 2022, according to the Malaysia Semiconductor Industry Association (MSIA). Vietnam exports recorded double-digit growth in the first nine months of 2022, with export value at an increase of 17.2 percent to US$282 billion. However, both countries expect a weaker 2023, which forecasts the slowdown of the electronics industry and the US economy. The automotive industry remains strong in Malaysia, Thailand, and Indonesia next year.