India’s 1st silicon carbide manufacturing unit to be set up in Odisha
The USD 74 million project will be developed by RIR Power Electronics Limited at Infovalley, Bhubaneswar (Odisha).
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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.
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.
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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.
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.
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India’s Reliance Infrastructure considering EV push
The company has hired a former India executive at Chinese automaker BYD to advise on its plans to make electric cars and batteries, according to a report by Reuters.
Panasonic Energy, Mazda to begin preparation for auto battery supply
Panasonic Energy aims to increase its production capacity and plans to produce cylindrical lithium-ion batteries at its factories in Osaka from 2027 onward. These will be module-packaged by Mazda.
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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.
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.
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$10 billion chip project in Maharashtra gets government approval
The fab project is to be jointly set up by India’s Adani Group and Israel’s Tower Semiconductor. However, it requires the approval of the central government.
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.
Toyota, Nissan join $7 billion push to boost Japan’s battery production
Toyota and Nissan are likely to invest 250 billion yen and 150 billion yen, respectively, while Panasonic is investing another 550 billion yen.
The worlds first zinc-ion battery megafactory opens in Sweden
Enerpoly, a Stockholm-based zinc-ion battery cell technology company, has opened the world’s first zinc-ion battery megafactory.
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Scanfil to help Skytree scale up production
Dutch climate tech company Skytree, a developer of carbon utilisation and removal solutions, has turned to EMS provider Scanfil for manufacturing muscles.
Volvo Cars adjusts its electrification ambitions
Volvo Cars has decided to adjust its electrification ambitions due to changing market conditions and customer demands. While the Swedish carmaker is still looking to become a fully electrified automotive company, the timeline has somewhat shifted.
CoWos Packaging Driving Growth in Advanced Packaging Equipment
Chip-on-wager-on-substrate (CoWos) packaging technology has taken the packaging business by storm, with TrendForce reporting growth in advanced packaging growth of more than 10% in 2024. What is important, this trend could even surpass 20% in 2025.
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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Indian govt approves Kaynes’ $413 million chip plant in Gujarat
The Kaynes OSAT unit will have a capacity of 6 million chips per day, which will be used across sectors including industrial, automotive, EVs, consumer electronics, telecom and mobile phones.
India’s Minda signs EV tech deal with China’s Sanco
The Technology Licensing and Assistance (TLA) agreement allows Minda Corporation to make and sell EV connecting systems in India.
Japan’s new R&D base will introduce EUV lithography equipment
With its extremely short wavelengths of about 13.5 nanometers, EUV lithography allows for finer etching of smaller features on chips.
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.
Mycronic receives order for an SLX mask writer
Swedish manufacturer of production equipment Mycronic has received an order for an SLX mask writer from an existing customer in Asia.
HD Hyundai Electric breaks ground on 3rd circuit breaker factory
HD Hyundai Electric will spend USD 89 million to build the factory. It expects the distribution equipment market to become a new growth engine as data centers expand amid an AI boom.
Humanoid robot to be mass-produced in Norway
1X Technologies, a Norwegian developer of humanoid robotics has unveiled a prototype of its bipedal humanoid robot, designed for home use – the NEO Beta.
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%.
Zhuhai CosMX to invest millions in new Malaysian plant
Zhuhai CosMX Battery Co Ltd, a manufacturer of consumer lithium-ion batteries and power lithium-ion batteries, plans to build its first manufacturing plant in Kedah, Malaysia.
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