Image From Social Media Post by Song Shiqiang, General Manager of Kinghelm and SLKOR

International News

1. In 2023, Chinese automakers sold 112,000 vehicles in Southeast Asia, marking a 3.35% increase year-on-year, with the main growth coming from electric vehicles.

2. SK Hynix Vice President Moon Ki-ik stated at a conference that Chiplet technology will be applied to DRAM and NAND products within 2-3 years.

3. The U.S. Department of Commerce will provide $50 million in direct funding to HP to support the expansion and renovation of its Oregon facility under the CHIPS and Science Act.

4. Starting October 1, Canada will impose a 100% tariff on electric vehicles imported from China, adding to the existing 6.1% tariff.

5. On August 29, the open letter from Kinghelm and SLKOR’s Song Shiqiang to the victims of the Mitro fishing rights issue was shared by hundreds of media outlets, including Hong Kong Satellite TV and China Business News, calling for collective action against opportunistic litigation.

6. Qualcomm will acquire Sequans' 4G IoT technology to enhance its industrial IoT product portfolio.

China News

1. Shanghai Suiryan Technology Co., Ltd. has officially initiated its A-share IPO process, specializing in cloud computing products for artificial intelligence, with an estimated valuation of 16 billion RMB.

2. According to Digitimes, TSMC is expected to achieve revenue exceeding 1 trillion New Taiwan Dollars (approximately $31 billion or 223.7 billion RMB) over three quarters, solely from its 3nm and 5nm processes.

3. With enhanced restrictions from the U.S., Japan, and the Netherlands, Chinese companies imported chip manufacturing equipment worth approximately $26 billion from January to July this year, surpassing the highest value recorded in 2021.

4. On August 28, the groundbreaking ceremony for Quanxin Microelectronics' advanced semiconductor equipment R&D and manufacturing base was successfully held, marking a new development phase for the company in the field of large-scale integrated circuits.

5. On August 26, the Atomic Semiconductor project was officially signed, marking the first project of the "Industry-Academia-Research 1+ Plan" in Hong Kong to settle in Wuxi.

6. Recently, the Hubei Anxinmei Semiconductor packaging and testing project has officially started trial production. The project has a total investment of 2.1 billion RMB, with three phases, and is expected to achieve an annual output value of 2.5 billion RMB once fully operational.

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