‘World’s strongest battery can pave way for electric planes’
The carbon fibre used to make the battery is sturdy enough to be a load-bearing structure, so it can be integrated into the design of a vehicle to significantly reduce weight and increase range.
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Keep EV tech at home, Beijing instructs Chinese automakers
China’s Ministry of Commerce told automakers that they shouldn’t make any auto-related investments in India in a bid to safeguard Chinese EV tech and lower regulatory risks, the Bloomberg report said.
POSCO Future M bags $1.4 billion battery material contract
The company, a battery materials subsidiary of steelmaker POSCO, announced the deal in a regulatory filing but did not disclose the name of the customer, citing a confidentiality agreement.
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India’s L&T plans $300 million semiconductor push
Meanwhile, L&T Semiconductor Technologies has also announced a collaboration with IBM for R&D to develop advanced processors.
Auto sector could face billions in fines amid EV slowdown, Renault CEO warns
Europe's automakers face more stringent EU CO2 targets heading into next year as the cap on average emissions from new vehicles sales drops from 116 grams/km in 2024 to 94 grams/km in 2025.
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LG ThinQ ON a step towards ‘liberating people from household chores’
ThinQ ON is a smart speaker embedded with generative AI agent, Furon, which is backed by the GPT-4o large language model.
TSMC’s Japan fab spillover benefits may cross $70 billion
The previous estimate only considered the benefits of TSMC’s Kumamoto Fab 1. The latest evaluation includes the impact of the planned construction of Kumamoto Fab 2.
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China ‘dissatisfied’ with Dutch controls on ASML chipmaking tools
The Netherlands announced it would require export licenses for ASML’s Twinscan NXT:1970i and 1980i systems. These tools are designed for processing wafers with 7nm-class technologies.
iPhone 16 will use ‘Arm’s next-gen AI chip technology’
Arm, a US-listed company, has a multiyear licensing agreement with Apple.
Boosted by new model, Kia sets monthly EV sales record
The jump in sales is being attributed to the successful market debut of Kia’s entry-level EV3 model, which accounted for 4,436 new registrations.
Rivals TSMC and Samsung join hands for HBM4 development
Dan Kochpatcharin, Head of Ecosystem and Alliance Management at TSMC, revealed that the two companies are working together on developing a buffer-less HBM4 chip.
India and Singapore ink deal to cooperate on semiconductors
The two countries signed agreements to cultivate talent in chip design and manufacturing and boost Singaporean tech investment in India.
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Qualcomm may be looking to acquire parts of Intel’s chip design units
No formal move to approach Intel has been made yet and Qualcomm’s plans are not in a final stage, the Reuters report says.
Poland’s Wilk Elektronik and Taiwan’s Phison to establish joint venture
The newly established company will focus on the development and design of secure software for NAND Flash memory.
Broadcom earnings beat expectations but Q4 forecast falls short
CEO Hock Tan said in a statement that Broadcom expects to record USD 12 billion in sales from AI parts and custom chips in fiscal 2024, higher than a previous forecast of USD 11 billion.
Global semiconductor sales hit $51.3 billion in July
Regionally, year-to-year sales were up in the Americas (40.1%), China (19.5%), and Asia Pacific/All Other (16.7%), but down in Japan (-0.8%) and Europe (-12.0%).
German cabinet approves EV tax relief amid Volkswagen’s SOS
The tax breaks will be worth about EUR 465 million (USD 514 million) annually between 2024 and 2028.
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Nvidia gets subpoena from US Department of Justice
Last month, the DoJ launched a probe into the company after competitors complained that it had abused its market dominance.
Nvidia suffers $279 bn loss in market value as shares tumble by 9.5%
Tuesday’s decline in chip stocks was reflected in the overall performance of Wall Street, with the Nasdaq down 3.3% and the S&P 500 dropping 2.1%.
Arrow and Citrix ink distribution deal
Arrow Electronics and Citrix, a business unit of Cloud Software Group, has entered into a strategic distribution agreement covering North America and Europe.
Panama seeks to boost its chip industry, signs MoU with Purdue
Last July the U.S. State Department announced that it will collaborate with Panama and other like-minded partner nations to explore opportunities to diversify the global semiconductor ecosystem.
Beijing sets up $1.2 bn fund as China seeks to bolster chip industry
The new fund is among a series of measures local Chinese governments are taking to shore up the country’s semiconductor sector amid a tech war with the US.
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Jaguar warns of battery fire risk in older I-Pace electric SUVs
The I-Pace batteries were reportedly made in Poland by LG Energy Solution, whose products are being probed by the U.S. National Highway Traffic Safety Administration.
Samsung Medison completes acquisition of French startup Sonio
Founded in 2020, Sonio developed an AI-powered prenatal screening solution that automates ultrasound reporting.
UK’s intercity battery train starts 8-week trial
The battery train has successfully completed low-speed tests on the test track at Hitachi Rail’s Newton Aycliffe manufacturing facility.
Intel working hard to address investor concerns, says CEO Pat Gelsinger
Gelsinger said though AI was a weak link in its server business, the company would soon launch Lunar Lake, “the most compelling AI PC product ever.”
LG Innotek bags 3,500 patents for electronic equipment parts
Automotive electronic equipment now represents 40% of its total patents, the company said.
Applied Materials signs MoU to open centre in India’s Tamil Nadu
The centre in Taramani, Chennai, will work with Tamil Nadu universities and industry partners to boost the state’s semiconductor ecosystem and help develop a talent pool to support the sector.
ASML’s China business faces more curbs from Dutch government
The government is likely to restrict the Netherlands-based company’s ability to repair and provide spare parts for its installed advanced semiconductor equipment in China.
Nvidia and Apple in talks to invest in OpenAI
OpenAI uses Nvidia’s chips to power its AI services. Apple brought chatbot ChatGPT to its devices in June, making OpenAI the first official partner for Apple Intelligence.
IBM disbands China R&D department, impacting 1000 jobs
The news comes at a time when the US and China are sparring over areas like semiconductors. Beijing is worried that restrictions on US technology could hamper the growth of Chinese companies like Huawei.
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