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Exclusive-Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs, sources say
21 Nov 2024

Exclusive-Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs, sources say

China’s Huawei plans to start mass-producing its most advanced artificial intelligence chip in the first quarter of 2025, even as it struggles to make enough chips due to U.S. restrictions, said two people familiar with the matter.
STMicroelectronics delays long-term targets to 2030

STMicroelectronics delays long-term targets to 2030

20 Nov 2024
STMicroelectronics (ST) pushed back its long-term financial forecasts on Wednesday, following three guidance cuts this year, amid a slump in markets for the industrial and automotive chips it makes.
Stellantis unveils technology to support flexible EV production, delays Ram electric pickup

Stellantis unveils technology to support flexible EV production, delays Ram electric pickup

19 Nov 2024
Stellantis said on Tuesday it will deploy a new vehicle system that will support assembly of gasoline, hybrid and electric models, but in a sign of how turbulent the electric-vehicle transition is, the automaker also delayed production of Ram electric pickup trucks. 
South Korean LG Display to invest additional $1 billion in Vietnam, local govt says

South Korean LG Display to invest additional $1 billion in Vietnam, local govt says

15 Nov 2024
Vietnam has awarded a licence to South Korea’s LG Display that will see it raise its investment in the northern port city of Haiphong by $1 billion, the city’s authorities said late on Thursday.
Lenovo plans global factory expansion as Q2 results beat; eyes AI growth

Lenovo plans global factory expansion as Q2 results beat; eyes AI growth

15 Nov 2024
Lenovo will further diversify its supply chain and plans to open more manufacturing facilities outside China amid global geopolitical uncertainty, Chairman Yang Yuanqing said.
Volkswagen investment chief steps down from Northvolt board
12 Nov 2024

Volkswagen investment chief steps down from Northvolt board

The head of investments at German auto maker Volkswagen is leaving the board of Sweden’s Northvolt, the  Swedish battery maker said on Monday, confirming media reports.
SMIC sees prolonged chip glut, signals cautious expansion outlook

SMIC sees prolonged chip glut, signals cautious expansion outlook

08 Nov 2024
Semiconductor Manufacturing International Corp, China’s largest chipmaker, warned on Friday that overcapacity in mature node chips will persist through 2025 and that it was turning cautious on building new capacity. 
Qualcomm chip sales to Chinese smartphone makers fuel strong results

Qualcomm chip sales to Chinese smartphone makers fuel strong results

07 Nov 2024
Chip designer Qualcomm on Wednesday forecast sales and profit in the current quarter would exceed Wall Street estimates as the company benefits from a wave of launches of flagship Chinese smartphones.
TSMC, GlobalFoundries poised to get final Chips Act awards, sources say

TSMC, GlobalFoundries poised to get final Chips Act awards, sources say

07 Nov 2024
Taiwan Semiconductor Manufacturing Co,  GlobalFoundries  and at least one other chipmaker are poised to receive their final Chips and Science Act awards from the Biden administration, two people briefed on the matter said.   
Emerson offers to buy rest of AspenTech in $15 billion deal to sharpen automation focus

Emerson offers to buy rest of AspenTech in $15 billion deal to sharpen automation focus

06 Nov 2024
Emerson Electric on Tuesday proposed to buy the rest of AspenTech that it does not own at a valuation of $15.1 billion, as the company looks to sharpen its focus on industrial automation.
Siemens can make more acquisitions after Altair deal, exec tells paper

Siemens can make more acquisitions after Altair deal, exec tells paper

04 Nov 2024
Siemens has the financial muscle for further software acquisitions after its $10.6 billion purchase of U.S. industrial software company Altair, managing board member Cedrik Neike said.

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