Is the US Chips Act too little, too late?
US legislators have passed the US$52 billion Chips Act. However, some commentators have claimed what the US is doing is perhaps too little, too late.
01
Aug
01
Aug
Renesas, UMC Q2 results firm on strong auto and industrial chip demand
There is a very obvious diverge in the Q2 financial results of semiconductor companies – those with automobile and industrial grade chips taking the majority of their operations continue to enjoy double-digit growth, while those deeply involved with PC and consumer electronics suffer the bullwhip effect of the inventory corrections.
01
Aug
Samsung semiconductor division posts record revenue for 2nd consecutive quarter
Samsung Electronics has reported consolidated revenue climbed to a record high of KRW77.2 trillion (US$59.4 billion) in the second quarter of 2022, when its device solutions (DS) division spanning semiconductor and components units generated record-high sales for the second consecutive quarter.
01
Aug
India roundup: India begins long-awaited 5G spectrum auction
India began its 5G auction at the end of July and will last for a few more days to complete. India’s Western states, including Maharashtra and Gujarat, are upping the ante to compete with Southern states for chip plants investments.
01
Aug
Edison Opto expects revenue proportion for automotive lighting to rise to 30-35% at end of 2022
LED packaging service provider Edison Opto expects the proportion of consolidated revenues for LED automotive lighting modules and lamps to rise from 25-30% in the first half of 2022 to 30-35% at the end of 2022, according to the company.
01
Aug
Fortune 500 companies pose competition in Vietnam’s process manufacturing sector
With companies shifting their business from China to Vietnam, Vietnam’s process manufacturing sector has attracted US$252 billion in foreign direct investment (FDI) and accounts for approximately 60% of the Southeast Asian countries.
01
Aug
Reliance, Ola Electric, Rajesh Exports to build battery cell manufacturing
Ola Electric, Reliance New Energy and Rajesh Exports have signed agreements with the Indian government for locally-made battery cells, in a bid to create a self-reliant battery ecosystem in India, according to Business Standard and Reuters.
01
Aug
Sumitomo Metal Mining to build 8-inch SiC substrate prototype line
Japan’s Sumitomo Metal Mining (SMM) has decided to construct a new 8-inch direct bonded SiC wafer substrate mass-production prototype line, which will be completed for March 2024 and start commercial run in 2025.
01
Aug
Silicon Motion posts over 50% surge in eMMC and UFS controller sales
Flash device controller IC supplier Silicon Motion Technology has reported net sales increased 14% from a year earlier to US$252.4 million in the second quarter of 2022, when sales of its eMMC and UFS controllers surged 55-60% on year.
01
Aug
LG Display to end LCD panels production in South Korea
LG Display (LGD) will end the production of LCD panels in South Korea in 2023, mainly driven by the significantly shrunken demand for LCD panels in 2022 and falling panel prices, according to South Korea-based Chosun Biz and ETNews.