Monthly Archives: August 2024

[News] iPhone 16 OLED Panel Suppliers Samsung and LGD Speed Up Production Ahead of September Launch

As September draws closer and iPhone 16’s release date is nearing, suppliers have been ramping up their production of iPhone 16 OLED panels in preparation. According to the reports by ETNews and MacRumors, Samsung Display and LG Display started initial …

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[News] Tesla Reportedly Halts Plans in Thailand, Malaysia, and Indonesia

Tesla, the electric vehicle giant, initially planned to establish a plant in Thailand, with an estimated investment exceeding USD 5 billion. However, according to a report from Thai media outlet The Nation, Tesla has decided to scrap the plans for …

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[News] TEL Raises Full-year Forecast; Nearly 50% of Last Quarter’s Revenue Comes from China

Japanese semiconductor equipment maker Tokyo Electron (TEL) has raised its profit forecast for the fiscal year 2024 (ending March 2025), expecting an operating profit of JPY 627 billion (approximately USD 4.3 billion), an 8% increase from its previous guidance. Tokyo …

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[News] SMIC Q2 Net Profit Plummets Over 59%, while Hua Hong Also Sees Over 90% Decline

China’s two major semiconductor foundries, Semiconductor Manufacturing International Corporation (SMIC) and Hua Hong Semiconductor, released their Q2 2024 financial results on August 8. Both companies reported sharp declines in net profit. SMIC, the leading foundry, saw its Q2 revenue increase by …

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[News] TSMC Reports No Major Damage to Kumamoto Plant after 7.1 Magnitude Earthquake near Kyushu, Japan

On August 8th, Japan experienced a magnitude 7.1 earthquake with the epicenter located off the coast of Kyushu, in the sea east of Miyazaki Prefecture, at a focal depth of 30 kilometers. TSMC’s Kumamoto plant (JASM), located in Kumamoto Prefecture, experienced …

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