SMIC established a JV with China (Shanghai) Pilot Free Trade Zone Lin-Gang Special Area Administration to contribute 51%. The new line will have a capacity of 100,000 12-inch wafers a month.

The Taiwan automotive chip industry shared an estimate that the supply and demand for auto chip production should reach a balance in Q4 this year. It reiterated its commitment to tackling the issue.

Automotive electronics sales will triple, driven by rising income levels and increasing customer preference for in-vehicle digital experience. Telematics penetration remains low compared to global standards.

The Indian Construction Equipment Manufacturers Association (ICEMA) elected Dimitrov Krishnan as President for the period 2021-23 during its Annual General Meeting held virtually on July 19, 2021.

TSMC CEO C.C. Wei expects automotive semiconductor supply to normalise. TSMC will be active in the second half of the year also to address the chip supply challenges for the automotive customers.

Taiwan Semiconductor Manufacturing Company (TSMC) and Japan have signed a $ 338 million semiconductor research project to develop cutting-edge chip technology, as per the reports.

Emkay Global Financial Services released its Automobiles report recently, according to which the May’21 volumes were likely to be hit by the second Covid-19 wave and lockdowns across states.

Vehicle production in China fell from 69.8% to 6.8% in April 2021. The global shortage of semiconductors is believed to be the major reason behind the slump.

As per Alix Partners, automakers might lose $110 billion revenue due to global semiconductor chip shortage. The amount was previously estimated as $61 billion. The crisis might hit the production of 3.9 million vehicles.