As global demand for the next generation of automotive heats up, Indian engineering and R&D giant L&T Technology Services (LTTS) expects the electrification, autonomous, and connected vehicles (EACV) segment to present a sea of new opportunities. Along with five other strategic technology areas, clubbed together as ‘Six Big Bets,’ EACV will serve as the growth engine of its long-term business model.

GlobalFoundries (GF) has reported record quarterly revenue of US$1.99 billion for second-quarter 2022, up 23% from a year ago, with gross margin reaching a record high of 27%, almost double the 14.3% for the same period last year.

Taiwan-based IC backend service firms ASE Technology Holding (ASEH) and Powertech Technology Group (PTI) have reported mixed results for July.

Acer has reported consolidated revenues of NT$17.459 billion (US$585 million) for July, the lowest monthly level since March 2020 with a decrease of 43.58% on month and 33.11% on year, according to the company.