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Author Archives: TrendForce
[News] China’s New Energy Vehicle Penetration Rate Exceeds 40%, Expected Optimistic Growth by 2024
China’s penetration rate of new energy vehicles (NEVs) exceeded 40% for the first time in November this year, reaching 40.4% in domestic retail sales, a 4 percentage point increase from the same period last year. Optimistic growth is anticipated by …
Posted in Automotive Technologies, Emerging Technologies
Tagged BYD, China EV market, electric vehicle, EV, NEV
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[News] Samsung Secures Indefinite U.S. Exemption, Initiates Expansion Plans for Xi’an Base in China
According to icsmart’s report, in October, Samsung Electronics and SK Hynix received an indefinite exemption from the U.S. government’s control over exports to China, allowing them to import semiconductor manufacturing equipment without special permission for their facilities. Samsung has initiated …
[Insights] Broadcom Completes VMware Acquisition, Software Business Expected to Account for 40-45% of Its Revenue
After obtaining approval from Chinese regulatory authorities at the end of November, Broadcom, a leading IC design company, has officially completed the acquisition of VMware, a prominent player in cloud computing. This strategic move propels Broadcom into the competitive cloud …
Posted in Cloud / Edge Computing, Emerging Technologies
Tagged Broadcom, cloud computing, VMware
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[Insights] GAC Honda Axes 900 Jobs in Response to Electric Vehicles Revolution
Honda, the Japanese automotive giant, is set to lay off around 900 employees from its Chinese joint venture, GAC Honda. This move comes as the company adjusts to the shifting market focus towards electric vehicles (EVs). Notably, this marks the …
Posted in Automotive Technologies, Emerging Technologies
Tagged electric vehicle, EV, FAW, GAC, HONDA, Mitsubishi, NEV, Nissan
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[News] NVIDIA and AMD Logistics Centers Settling in Taiwan, Ready for 5G and AI Domains
According to ChinaTimes’s report, following Taiwan’s implementation of strict control on 22 core key technologies, several Taiwanese lawmakers are urging the country’s Ministry of Economic Affairs to also consider “mild control” for the export of mature semiconductor process equipment and …