Monthly Archives: October 2024

[News] Sabrina Meng, Daughter of Founder Ren Zhengfei, Takes over Huawei’s Rotating Chair

Posted on 2024-10-01 by TrendForce

Chinese tech giant Huawei has appointed a new Rotating CEO for the company. After Eric Xu ended his tenure on September 30th, Sabrina Meng assumes the position of Rotating and Acting Chair of Huawei from October 1, 2024 to March …

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[News] TSMC Founder Morris Chang to Release Autobiography in November, Highlighting His Life at TI and TSMC

Posted on 2024-10-01 by TrendForce

Will the secret of the world’s top foundry finally be revealed? The second volume of the autobiography of Morris Chang, TSMC founder, is scheduled to be published on November 29th, according to the reports by Taiwanese media outlets CNA and …

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Posted in IC Manufacturing, Package&Test, Semiconductors | Leave a comment

[News] China’s Manufacturing PMI Remains in Contraction in September, Showing the Urgency of Stimulating Demand

Posted on 2024-10-01 by TrendForce

China’s Manufacturing PMI remained in contraction in September, according to data released by China’s National Bureau of Statistics on September 30. China Manufacturing PMI was 49.8% in September, showing a slight improvement of 0.7% from the previous month but still …

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[News] Samsung Foundry Faces Yield Struggles and Client Losses, External Push for Spinoff and U.S. Listing

Posted on 2024-10-01 by TrendForce

Samsung’s foundry business faces ongoing losses and strategic uncertainty. A report from Business Korea reveals that Samsung Securities, a subsidiary of the group, issued a report in July titled “Geopolitical Shifts and Industry,” recommending that Samsung spin off its foundry …

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[News] Market Demand Falls Short of Expectations; Midstream and Downstream Prices Remain Under Pressure

Posted on 2024-10-01 by TrendForce

Polysilicon Transaction Overview: The recent round of deals has mostly been completed. After polysilicon manufacturers firmly maintained their prices, transaction volumes shrank. The ingot manufacturers, facing difficulties in passing costs downstream, are resistant to price hikes on the raw material …

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