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Industry sources stated that smartphone sales in India have continued to drop sharply in the past 6 months, which has resulted in an annual decrease of up to 20% in production from January to April 2023 for phone manufacturers.
Hon Hai Precision Industry (Foxconn) reiterated its previous estimate of sequential and year-over-year revenue declines for the second quarter.
Qualcomm has entered into a definitive agreement to acquire Autotalks, a fabless semiconductor company dedicated to vehicle-to-everything (V2X) communications. The transaction is subject to customary closing conditions.
India has seen its number of industrial robots installed rise by over 50% during Indian PM Narendra Modi's "Make in India" campaign, while Apple is relatively resilient in India's declining smartphone shipments.
BenQ Materials has continued to shift its business focus toward medical-related products, away from polarizers, which have gradually seen a reduced revenue contribution and expects consumer medical product sales to grow dramatically in the second quarter, driven primarily by China's 618 shopping festivals, according to company chairman Z. C. Chen.