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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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8.30.2024
Motorcycle Market Slumps as Electric Vehicles Rise
The Vietnamese motorcycle market has experienced a significant downturn, with sales dropping consistently over the past five years. In early 2024, motorcycle sales fell further, with major brands like Honda and Yamaha offering discounts to stimulate demand. Meanwhile, electric vehicles (EVs) are gaining popularity, with companies like VinFast and Yadea expanding production to meet growing demand. High fuel prices and the availability of new, affordable electric models are driving consumers toward EVs, making Vietnam the fastest-growing market for electric two-wheelers in Southeast Asia.
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8.29.2024
Discover Cutting-Edge Innovations with IBS Electronics at Electronica India 2024
IBS Electronics will be at Electronica India 2024 in September at the India Expo Centre, Greater Noida. Visit us at Booth H9B71 to explore top electronic components from brands like HTR, AMTEK, DIPTRONICS, CAMTEC, PANJIT, and more. Connect with our engineers to find solutions for your projects.
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8.28.2024
Vietnamese Electric Vehicle Company Exports First Batch to the Philippines
Selex Motors, a Vietnamese startup, has exported its first batch of Selex Camel electric motorbikes and battery-swapping technology to the Philippines, marking its international debut. The company focuses on the logistics sector and aims to expand across Southeast Asia with plans to broaden its product offerings and increase the number of battery-swapping stations.
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8.28.2024
China Invests 6 Billion Yuan to Support Solid-State Battery Research and Development
China's huge investment in the research and development of all-solid-state batteries will accelerate the commercialization process of all-solid-state batteries, promote the rapid development of the new energy vehicle industry, and win more voice and influence for China in the field of global new energy technology.
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8.28.2024
Market Surge Fueled by Inflation Reduction Act: Clean Energy and EV Sectors Reap the Rewards
The Inflation Reduction Act, signed into law in August 2022, continues to be a major driving force in the U.S. economy, particularly within the clean energy, electric vehicles, battery technologies, and critical mineral production. As the act enters its second year, its impact on job creation, investment, and market growth has become increasingly evident.
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8.27.2024
Localization Boom in Indian Construction Equipment Sector Poised to Unlock ₹25,000 Crore Windfall
The Indian construction equipment sector is set to benefit from a surge in localization, driven by government initiatives like 'Make in India' and Production Linked Incentive (PLI) schemes. This shift towards domestic production of key components, such as engines and hydraulic systems, could unlock a ₹25,000 crore opportunity for local manufacturers and suppliers. The localization push not only reduces costs and strengthens supply chains but also boosts workforce development and supports sustainable practices. As the industry embraces this change, it is poised for significant growth, positioning India as a global leader in construction equipment manufacturing.
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8.27.2024
China's Semiconductor Equipment Imports Hit a Record High in the First Seven Months Of 2024
Due to the purchase restrictions imposed by the United States, Japan and the Netherlands, China has increased its imports of semiconductor equipment, and the value has continued to rise. In the first seven months of this year, China's imports of semiconductor manufacturing equipment hit a record high.
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8.27.2024
Microchip Technology Faces Major Disruption After Cyberattack
Microchip Technology has suffered a significant cyberattack that has disrupted its manufacturing operations. The attack, detected on August 17, 2024, has compromised certain servers and business operations, impacting the company's ability to fulfill orders. The incident has raised concerns among investors and industry stakeholders due to Microchip's critical role in the global semiconductor supply chain. The company is currently investigating the full scope of the attack and its potential financial impact.
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8.24.2024
Infineon Technologies Sells Manufacturing Sites in the Philippines and South Korea to ASE Technology
Infineon Technologies has sold its backend manufacturing facilities in the Philippines and South Korea to ASE Technology Holding, allowing Infineon to focus on core competencies like design and innovation, while ASE takes over the manufacturing operations. The sale strengthens the partnership between the two companies and is expected to benefit both in terms of operational efficiency and market position.
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8.23.2024
Local Manufacturing Surge to Propel Equipment Vendors Towards ₹25,000 Crore Milestone
The surge in local manufacturing in India, driven by the government's 'Make in India' initiative and Production Linked Incentive (PLI) schemes, is set to significantly benefit domestic equipment vendors, with projections estimating gains of ₹25,000 crore. This growth is particularly evident in the electronics, automotive, and industrial machinery sectors, where demand for locally sourced components and equipment is rising. To capitalize on this opportunity, vendors are expanding production capacities and investing in innovation. As a result, Indian equipment manufacturers are poised to play an increasingly prominent role in the global supply chain.
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