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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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8.15.2023
Xiaomi and OPPO Firmly Rank Top 5 in the Global TWS Market in Q2
The global smart audio device market stabilized in Q2 2023 after a sharp decline in Q1. TWS devices remain the most popular type of smart audio device, with Apple, Samsung, and boAt leading the market. Leading vendors are implementing best practices and strategies to remain competitive, such as offering the right products for the right markets and focusing on specific niche markets. Some big players are also focusing on long-term success by investing in research and development.
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8.15.2023
Ranked No.212 on the 2023 Fortune Global 500 list, BYD Rolled Off Its 5 Millionth New Energy Vehicle
BYD, the world's leading NEV manufacturer, rolled off its 5 million NEV on August 9th. It took the company 13 years to produce its first million NEVs, 18 months for the next two million, and just 9 months for the most recent 2 million. BYD's NEV sales in 2022 amounted to over 1.86 million, making it the world's leading NEV manufacturer. BYD is committed to its Cool the Earth by 1℃ initiative and will persist in facilitating the progress of the global new energy industry.
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8.15.2023
Murata Manufacturing's Growth Strategy in the Philippines Gains Momentum
Japanese electronic parts maker Murata Manufacturing is expanding its operations in the Philippines with a P4.4 billion investment to build a new production building in Tanauan City, Batangas. The new building will be used to produce multilayer ceramic capacitors (MLCCs), which are essential components in a wide range of electronic devices. The expansion is a major vote of confidence in the Philippines' semiconductor industry and is expected to create around 1,000 new jobs. It is also a sign of the Philippines' growing technological capabilities.
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8.14.2023
Hyundai and Kia to Expand EV Portfolio in India
Hyundai and Kia, South Korean automotive giants, are expanding their EV portfolios in India to meet the growing demand for EVs in the country. Hyundai will introduce five specialized SUV models and increase its EV charging stations to 439 by 2027. Kia will produce small EVs for the Indian market starting in 2025 and gradually offer other EV models and Purpose Built Vehicles (PBVs). The expansion of Hyundai and Kia's EV portfolios is a positive development for the Indian automotive industry and the environment.
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8.14.2023
Powering the Future: How Biden's Clean Energy Initiative is Energizing the Semiconductor Industry
President Biden visited a wind tower manufacturing plant in New Mexico to tout the clean energy boom and the importance of semiconductors to the sector. Wind turbines and solar panels use semiconductors to convert wind and solar power into electricity, and the demand for clean energy is expected to grow, leading to increased demand for semiconductors. The Biden administration has also announced plans to invest $52 billion in semiconductor manufacturing, research, and development.
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8.14.2023
Apple’s Smartphone Revenue and Operating Profit Hit Records in Q2 2023 China Ranks No.1 in Shipments
Global smartphone market revenues declined in Q2 2023, but Apple bucked the trend and led the market in terms of revenue and operating profit. Apple's iPhone shipments declined by 3% YoY, but its ASP increased thanks to a growing contribution from the Pro series. China surpassed the United States for the first time as the single market with the largest iPhone shipments in Q2 2023. Apple's iPhone shipments in India also increased by over 50% YoY, making India an important strategic market for Apple.
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8.14.2023
Intel Security Vulnerability and NVIDIA Launch Could Impact Semiconductor Market
Intel's disclosure of a security vulnerability in some of its processors could have a negative impact on the semiconductor market, as businesses and consumers may be hesitant to use processors that are known to have security vulnerabilities. However, the launch of NVIDIA's GH200 Grace Hopper platform, a new generation of Arm-based processors designed for high-performance computing and artificial intelligence applications, could have a positive impact on the market, as it could lead to increased demand for Arm-based processors.
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8.13.2023
Ampleon Explores Potential Tax Advantages in PH to Foster Business Growth
Ampleon, the world's third-largest RF power products manufacturer, is considering expanding its operations in the Philippines. The company is attracted to the Philippines' tax incentives and skilled workforce. If Ampleon expands its operations in the Philippines, it would be a major boost for the country's economy.
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8.13.2023
India Emerges as a Hub for Electric Vehicle (EV) Attraction
India is rapidly becoming a major hub for electric vehicle (EV) investment. Tesla, BYD, and Foxconn are just a few of the companies that have announced plans to set up manufacturing facilities in India. These investments are being driven by India's large population and expanding middle class, as well as the government's support for EVs. However, there are still some challenges that need to be addressed before India can become a major EV market, such as the lack of charging infrastructure and the relatively high cost of EVs. Despite these challenges, India is well-positioned to become a major player in the global EV market in the coming years.
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8.12.2023
Robert Bosch Opens New Test Centre in Malaysia, Commits Further Investment
Bosch opens high-tech test center in Malaysia with 65 million euros investment, plans to invest 285 million euros more. Creates 400 jobs, strengthens semiconductor capabilities.
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