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CATL to build €7B battery plant in Hungary, its second in Europe

Teslarati

Limited, or CATL, has announced a massive investment to build a new cell manufacturing plant in Europe. billion to build a 100 GWh battery plant in Hungary. ” The size of CATL’s new Hungarian production facility will add 100 GWh to the company’s already world-class manufacturing capacity.

Hungary 98
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TSMC considering advanced chip packaging capacity in Japan, sources say – ET Auto

Baua Electric

Taiwan’s TSMC is looking at building advanced packaging capacity in Japan, according to two sources familiar with the matter, a move that would add momentum to Japan’s efforts to reboot its semiconductor industry. Currently, all of TSMC’s CoWoS capacity is in Taiwan. TSMC Chief Executive C.C.

Japan 52
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Could SMIC become a global player in semiconductor industry

Baua Electric

Semiconductor Manufacturing International Corporation (SMIC) has been making significant strides in the semiconductor industry and has aspirations to become a global player. However, the landscape of the semiconductor industry is complex and competitive, with several established players dominating the market.

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TSMC bullish on AI demand, forecasts 20% revenue growth this year – ET Auto

Baua Electric

Taiwanese chipmaker TSMC projected on Thursday more than 20% growth in 2024 revenue on booming demand for high-end chips used in artificial intelligence (AI) applications even as the broader industry deals with weak smartphone and electric vehicle sales. “We are a key enabler for AI applications. billion (USD 7.6 The stock rose 1.2%

Auto 52
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TSMC R&D Chief: There’s Light at the End of the Chip Shortage

Cars That Think

Yuh-Jier Mii started on the ground floor of Taiwan Semiconductor Manufacturing Co. The world’s largest contract chip manufacturer credits Mii with helping it maintain technology leadership in the foundry segment of the global semiconductor industry. He says the industry missed signs that demand was growing.

Taiwan 105
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Europe will miss 2030 chip market goal, says ASML CEO – ET Auto

Baua Electric

Europe will miss its goal of raising its share of the global computer chip market to 20% by 2030 because it is not building manufacturing capacity fast enough, semiconductor equipment maker ASML CEO Peter Wennink said. “If you want to get to 20%, you just have to calculate how much you need to build here.”

Europe 52
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Saudi Arabia partners with Foxconn on new EV brand

Teslarati

Saudi Arabia’s Public Investment Fund and Taiwan-based technology manufacturer Foxconn entered into a joint venture to develop and manufacture electric vehicles. The PIF previously invested in Lucid to attract industrial firms to create a domestic supply chain in Saudi Arabia. .