International News:

1. STMicroelectronics announced its financial results for the first quarter of 2024 ending March 30th. The revenue for the quarter increased by 18.4% year-on-year to $3.465 billion, while the net profit dropped significantly by 50.9% year-on-year (and 52.4% sequentially) to $513 million.

2. The United States has announced a $5 billion investment in the National Semiconductor Technology Center (NSTC), a public-private partnership aimed at supporting the research and development of advanced semiconductor chips in the United States.

3. In 2023, Intel significantly reduced its operations in Russia, with only one employee currently serving as both the Intel AO and Intel Technical Director.

4. In February 2024, the U.S. Department of Commerce issued a "danger signal" warning letter to dozens of chip companies. These companies received a list containing over 600 entities and were requested to voluntarily cease supply. It is understood that over 95% of the listed companies are from mainland China and Hong Kong.

5. Despite an overall contraction in the chip market in 2023, revenue from design IPs grew by 5.8% to $7.04 billion, according to analyst Eric Esteve from IPnest.

6. Australian chip manufacturer Morse Micro has announced the establishment of a new subsidiary in Taiwan, intending to make it a key hub for entering the Greater China market.

7. Tesla CEO Musk visited China with the aim of promoting the application and expansion of Tesla's Full Self-Driving (FSD) technology in the Chinese market.

China News:

1. Xpeng Motors announced a strategic cooperation framework agreement on EEA electronic and electrical architecture technology with Volkswagen. The two parties will jointly develop advanced electronic and electrical architectures suitable for Volkswagen's electric vehicle platform in the Chinese market, integrating Xpeng's latest generation electronic and electrical architecture based on central computing and domain controllers on the platform.

2. Changxin Technology released its 2023 Environmental, Social, and Governance (ESG) report, with the annual report stating a revenue of 29.66 billion yuan and a net profit of 1.47 billion yuan, achieving positive free cash flow for five consecutive years.

3. Professor Yang Weifeng's team from the School of Electronic Science and Technology made significant breakthroughs in the epitaxial growth technology of fourth-generation gallium oxide (β-Ga2O3) and the preparation of day-blind photodetectors.

4. The 2024 Zhongguancun Forum Annual Meeting released a list of 10 major technological achievements, including the Construction Plan of Zhongguancun Innovation Park (2024-2027), fully analog optical intelligent computing chips, series achievements in artificial intelligence, original theories and materials of cornered boron nitride optical crystals, and a series of internationally leading achievements in quantum cloud computing power.

5. MediaTek announced its financial performance for the first quarter of 2024, with revenue reaching NT$1334.58 billion (approximately RMB 296.54 billion), a 3% increase sequentially and a 39.5% increase year-on-year.

6. Tsinghua University established the School of Artificial Intelligence, with Turing Award winner Yao Qizhi as the inaugural dean.

7. Song Shiqiang, General Manager of Kinghelm (www.kinghelm.net) and Slkor (www.slkoric.com), was invited to attend the thirteenth sharing session of the Vekoo Electronics Market website, where he shared his views on the development of the chip industry around the theme of the immense prospects for "domestic substitution" for traders.