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2023-12-13

[News] MediaTek Lands Significant WiFi 7 Deals, Disrupting Broadcom’s Long-standing Dominance

According to a news report from Economy Daily News, Taiwanese IC design company MediaTek is benefiting from a rebound of the smartphone market, with shipments of its Dimensity series 5G smartphone chips gaining momentum. Simultaneously, there is positive news of a potential surge in the demand for W...

2023-12-13

[News] China’s New Energy Vehicle Penetration Rate Exceeds 40%, Expected Optimistic Growth by 2024

China's penetration rate of new energy vehicles (NEVs) exceeded 40% for the first time in November this year, reaching 40.4% in domestic retail sales, a 4 percentage point increase from the same period last year. Optimistic growth is anticipated by 2024, with wholesale sales of new energy passenger ...

2023-12-13

[News] Samsung Secures Indefinite U.S. Exemption, Initiates Expansion Plans for Xi’an Base in China

According to icsmart’s report, in October, Samsung Electronics and SK Hynix received an indefinite exemption from the U.S. government's control over exports to China, allowing them to import semiconductor manufacturing equipment without special permission for their facilities. Samsung has initiate...

2023-12-13

[Insights] Broadcom Completes VMware Acquisition, Software Business Expected to Account for 40-45% of Its Revenue

After obtaining approval from Chinese regulatory authorities at the end of November, Broadcom, a leading IC design company, has officially completed the acquisition of VMware, a prominent player in cloud computing. This strategic move propels Broadcom into the competitive cloud market, with software...

2023-12-13

[Insights] GAC Honda Axes 900 Jobs in Response to Electric Vehicles Revolution

Honda, the Japanese automotive giant, is set to lay off around 900 employees from its Chinese joint venture, GAC Honda. This move comes as the company adjusts to the shifting market focus towards electric vehicles (EVs). Notably, this marks the first instance of job cuts in the 25-year collaboration...

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