Monthly Archives: August 2024

[News] Chinese EV Maker XPeng Tapes out Latest In-House Chip, Boasting Triple the Computing Power of its Rivals

Posted on 2024-08-27 by TrendForce

According to a report by 36Kr, China’s EV maker, XPeng Motors, has successfully completed the tape-out process for its self-developed intelligent driving chip. Sources cited by the report further reveal that XPeng’s intelligent driving chip is specifically designed to meet …

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[News] China’s Industrial Profits Continue to Rise in July, But Domestic Demand Remains Weak

Posted on 2024-08-27 by TrendForce

China’s industrial profits continued to rise in July, as reported on August 27. According to  the National Bureau of Statistics, the cumulative year-on-year growth rate of profits for large-scale industrial enterprises reached 3.6% from January to July, an increase of …

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[News] Chinese Rivals Said to Recruit Samsung’s Advanced Packaging Business Leader after the Unit Disbanded

Posted on 2024-08-27 by TrendForce

Amid the AI boom driving a surge in demand for advanced packaging, Samsung Electronics announced in March its ambition to achieve record-high revenue for the business this year, aiming to surpass the USD 100 million mark. The company, which is eager to …

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[News] Kioxia’s IPO Paves the Way for SK Hynix to Secure Funds for HBM Investment

Posted on 2024-08-27 by TrendForce

Kioxia has moved forward with its plans to go public, starting the process on August 23. This development follows Bain Capital, a U.S. private equity firm with a majority stake in Kioxia, submitting an application for the listing to the …

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[News] Applied Materials Receives Subpoena from U.S. Department of Justice, Faces Further Scrutiny

Posted on 2024-08-27 by TrendForce

According to a report from Bloomberg, Applied Materials Inc. pointed out that the U.S. Department of Justice (DOJ) has requested information regarding its federal grant applications, further intensifying the government’s investigation into the company’s operations. Per a regulatory filing last …

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