DIGITIMES released the IC 50 2022 ranking on June 30 as the semiconductor industry is sailing into a sea of uncertainties. The stellar performance of semiconductor industry companies in 2021 was reminiscent of a two-year bull market while ebbing demand in some sectors in Q2 2022 marked the imminent correction of the over-heated business cycle.

As the epidemic draws to a close, the world is looking forward to a rebound. In the fourth quarter of 2021, the World Monetary Fund (IMF) forecast that the global economy would grow at 4.9% in 2022. But in April it lowered the growth to 3.6% from 4.4% forecast in early 2022.

Siemens and Nvidia have announced an expansion of their partnership to enable the industrial metaverse and increase use of AI-driven digital twin technology that will help bring industrial automation to a new level.

Tata Technologies, a subsidiary of Tata Group, announced that it had joined the Foxconn-initiated MIH consortium, the third company under Tata Group to join MIH.