Successfully averting the crisis of automotive chip shortages, Hyundai Motor Group leapt to the world’s 3rd-largest automaker by sales volume in the first half of 2022, up from 5th in 2010 and 10th in 2000. The Korean auto giant is set to carry out multiple investment projects in new fields in the years ahead, looking to further strengthen its competitiveness and meet challenges and opportunities associated with the US Inflation Reduction Act (IRA).

With the COVID-19 pandemic debilitating global production for over two years, the global chip shortage has become an unprecedented crisis, making the semiconductor industry one of the most closely monitored sectors internationally. As a major site for semiconductor manufacture globally, Taiwan has shown outstanding results spanning the areas of IC design, packaging and wafer fabrication. Coming up second globally in IC design output value and first in market share for both wafer fabrication as well as packaging and testing, the country is a formidable force driving advances in the semiconductor industry.

Macronix International, a maker of ROM and flash memory chips, saw its September revenue increase 11% sequentially while revenue at specialty DRAM and flash memory chipmaker Winbond Electronics slipped 0.7% on month.