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ACMA Automechanika 2024 concludes on a high note; global aftermarket presents USD 35 bn exports opportunity: ACMA-EY Study – ET Auto

Baua Electric

The Global Automotive Aftermarket Research, prepared by ACMA in collaboration with Ernst & Young was released during the event. It was a conglomeration of the entire mobility ecosystem under one roof, displaying the tech capabilities and innovations of Indian automotive industry.

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ACMA‘s Global Summit and Expo places India at the forefront of EV parts production, innovation – ET Auto

Baua Electric

“The Global Summit & Expo’s success underscores electric vehicles’ transformative potential and manufacturing opportunities in India,” Shradha Suri Marwah, President, ACMA, and Managing Director, Subros Ltd. billion to 4 billion in manufacturing and R&D over the past five years.

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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.

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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. The profit, though, beat a TUSD 226.4

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TSMC’s Q4 profit to slide 23%, focus on rebounding demand this year – ET Auto

Baua Electric

Global demand for semiconductors began to weaken in the second half of 2022, but analysts say inventories at smartphone and computer makers are running down and restocking demand is expected to pick up. Revenue in the final three months of last year came in at T$625.5 billion ($20.10

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

Baua Electric

Global semiconductor sales are expected to grow from USD 600 million this year to more than USD 1 trillion by 2030, and all capacity currently planned in China will be needed. “That was good for the European car industry but it’s not enough,” said Wennink, who is retiring in April. “It’s not enough at all.

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Foxconn sees ‘slightly better’ 2024, warns on AI chip shortage – ET Auto

Baua Electric

Taiwan’s Foxconn , Apple’s biggest iPhone assembler and the world’s largest contract electronics maker, expects its business this year to be “slightly better” than last year but is facing a shortage of chips for AI servers. “One (market segment) will be good, but very many others – uh-oh.”

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