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Toyota, Nissan, and Honda Join Forces on AI and Chip Development for Next-Gen Vehicles

Toyota, Nissan, and Honda have teamed up to develop cutting-edge AI and semiconductor technologies for next-generation vehicles, focusing on areas like semiconductor chips, APIs, virtual simulation, and cybersecurity. Supported by Japan's Ministry of Economy, Trade, and Industry, this collaboration aims to enhance Japan's competitiveness in the evolving automotive industry. The initiative includes forming the Advanced SoC Research for Automotive (ASRA) group, involving 12 companies, to create high-performance system-on-chip (SoC) technologies for mass production by 2030, marking a significant advancement in software-defined vehicles (SDVs) and autonomous driving capabilities

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Malaysia's MAB Engineering Expands Subang Airport MRO Capacity

MAB Engineering expands Subang Airport MRO with a second hangar, aligning with Malaysia's aviation growth plans.

Cellular Connectivity Coming to Toronto Subways by October 3rd

The Canadian government has mandated that all mobile carriers in Toronto provide cellular connectivity to all subway riders by October 3rd in hopes of improving the daily commute experience for millions of passengers and addressing the longstanding issue of limited connectivity in the subway system. The government has also outlined potential penalties for carriers that fail to comply, such as monetary fines, suspension, or even revocation of their spectrum license.

Tesla's Dojo: Can It Solve Self-Driving Car Problem?

Tesla's Dojo supercomputer is a powerful new innovation that has the potential to revolutionize the self-driving car industry and unlock entirely new market opportunities. Morgan Stanley analysts believe that Dojo could propel Tesla's market value to nearly $600 billion.

India's EV Dilemma: Gasoline and Diesels Dominate the Automotive Market

India's Road Transport Minister has warned automakers to reduce the production of diesel vehicles with high emissions. The challenge lies in transitioning these commercial and utility vehicles toward more environmentally friendly alternatives without imposing financial burden on their operators. While electric vehicles are slowly gaining traction in India, they only constituted 2.4% of car sales in the first seven months of 2023.

Key Players in MEMS Market Growth

According to Yole, the MEMS market is expected to grow from US$14.5 billion in 2022 to US$20 billion by 2028, at an annual growth rate of 5%. This growth is being driven by the increasing demand for MEMS in consumer wearables, the telecom industry, and the automotive sector. Other key growth drivers include the industrial sector, the defense and aerospace sectors, and the medical sector.

China Smartwatch Shipments Rise 5% YoY in Q2 2023

China's smartwatch market saw a 5% YoY growth in shipments in Q2 2023, marking a gradual recovery. The ≤$50 price band's share significantly dropped, while the ≥$500 segment's share rose significantly. The average selling price of global smartwatches is expected to decrease from 2023 to 2028, but the increase in sales means that global smartwatch revenue will increase during this forecast period.

Japan Joins Moon Race by Launching SLIM and XRISM

Japan launched a lunar exploration spacecraft on September 6, 2023. The rocket carried two satellites: SLIM, a small lander that will test the possibility of landing spacecraft on specific targets on the moon, and XRISM, a powerful X-ray telescope that will study the hot plasma that makes up much of the universe. The launch is a significant milestone for Japan's space program and demonstrates its commitment to lunar exploration.

Are EV Battery Prices Falling?

China's EV battery market is facing a slowdown, with prices of EV cells, energy storage cells, and battery materials all declining. The slowdown is due to a combination of factors, including weakened domestic demand, a decline in overseas demand, and sluggish demand in the consumer electronics sector. As a result, battery manufacturers are facing oversupply and intensified competition, which is driving down prices. TrendForce warns that prices may continue to decrease, but some suppliers have initiated production cutbacks, which could potentially stabilize or even rebound prices in September.

Discrete Power Devices: Fastest-Growing Component Segment for Automotive Sector

The global automotive semiconductor market is expected to reach USD 345.54 billion by 2032, growing at a CAGR of 18.26%. The market is driven by the increasing demand for advanced driver assistance systems (ADAS) and infotainment systems. Discrete power devices are expected to be the fastest-growing component segment, driven by the increasing electrification of vehicles. The safety segment is expected to be the largest application segment, followed by the powertrain and body electronics segments.

China Industrial Robots Installed Capacity Exceeds 50% of the Global Total

The Chinese robotics industry maintained a stable growth trend in the first half of 2023. The production of industrial robots increased by 5.4% year-on-year to reach 222,000 sets, and the installed capacity of industrial robots accounted for over 50% of the global market. China’s Ministry of Industry and Information Technology has issued the "Robot+" Application Action Implementation Plan, which will accelerate the expansion and application of robots in various industries.

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