Page 2 - Chip Supply News Today

Nvidia founder Jensen Huang met with TSMC founder Morris Chang and CEO C.C. Wei over dinner in Taipei to discuss chip supply.

Shares of the Israel-based company, whose customers include Volkswagen and Porsche, tumbled 28.2% to more than a one-year low of USD 28.52. Mobileye forecast preliminary 2024 revenue below estimates showing that the automotive chip industry, which had so far avoided the chip supply glut crisis, will likely face a downturn too.

Central bank chief says they expect trend inflation to gradually approach 2pc

The first session was focussed on the discussion around the chip race while the second session witnessed thought provoking discussion on simultaneous polls.

Taiwan is awaiting a decision from the US government regarding a waiver extension for Taiwanese chipmakers to supply US chip equipment to their factories in China. Last year, the Biden administration implemented export controls to cut off China from certain semiconductor chips made with US tools.

Qualcomm on Tuesday defeated a consumer lawsuit in California federal court alleging the chipmakers contracts with device manufacturers had artificially boosted the cost of mobile phones in violation of U.S. antitrust law.

Chipmakers: All the major markets for chips - smartphones, PCs and data centres - have shrunk this year, as both corporate customers and consumers scale back spending amid a weak global economy, high inflation and rising interest rates.

With the Ukraine war, global inflation, and geopolitical tensions, consumer electronics sales plunged, which further caused a decrease in semiconductor sales. Given the weakened demand for chips, DIGITIMES Research projects a 9.2% decline in global foundry industry revenue for 2023.

Honda Motor plans to grow EV market share in North America, China, and Japan with a goal of making more than 2 million vehicles annually by 2030. It has secured collaboration with TSMC for automotive chip supply to support the electrification project.

The company’s retail sales for the March quarter were at 102,889 units.Compared to FY22, wholesale volumes for JLR in FY23 were higher across markets