Xiaomi Group's Q2 2024 financial report shows a loss of 1.8 billion RMB from its smart car and other innovative businesses, with an estimated loss of nearly 60,000 RMB per vehicle

Semiconductor TopBuzz|Semiconductor Industry Headlines|

2024-08-26 11:09:50 889

International News:

1. Microchip Technology (MCHP.US), a major U.S. chip manufacturer, has been hit by a cyberattack and is working to restore affected IT systems, resume normal operations, and mitigate the impact.

2. The European union plans to impose a 9% tariff on Tesla vehicles imported from China, a rate significantly lower than that for other electric vehicle manufacturers.

3. The World Semiconductor Trade Statistics Organization has released a new report stating that global semiconductor market revenue reached $149.9 billion in Q2 2024, with a 6.5% quarter-over-quarter increase and an 18.3% year-over-year increase.

4. Semiconductor project investments in China for the first half of 2024 amounted to approximately 517.3 billion RMB, a 37.5% year-on-year decrease.

5. Kinghelm and SLKOR's Song Shiqiang's work, "Song Shiqiang's View on the Past, Present, and Future of Huaqiangbei," was published in the "Enterprise" section of the bi-monthly magazine "Circuit Board Manufacturing" (Issue 4, 2024).

6. In Q2 2024, wafer fab installed capacity reached 40.5 million wafers per quarter (300mm equivalent), with an expected 1.6% growth in Q3 2024.

China News:

1. China has approved the 2024 Foreign Investment Access Negative List, fully removing restrictions on foreign investment in the manufacturing sector and further opening up telecommunications, education, and healthcare services.

2. China plans to invest approximately 6 billion RMB in the research and development of all-solid-state batteries, supporting fundamental research for six companies, including CATL, BYD, FAW, and SAIC.

3. Xiaomi Group's Q2 2024 financial report shows a loss of 1.8 billion RMB from its smart car and other innovative businesses, with an estimated loss of nearly 60,000 RMB per vehicle.

4. Foxconn is training thousands of workers at its Tamil Nadu plant to quickly start production of the iPhone 16 Pro and Pro Max.

5. Sichuan Province's first all-solid-state battery innovation industrial park will officially begin construction in Yibin, with a production capacity of 40 GWh and a total investment of nearly 10 billion RMB.

6. Chongqing's major project commencement and production event in August 2024 included the launch of the Liangjiang Xinhui silicon and silicon carbide component project.

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Xiaomi Group's Q2 2024 financial report shows a loss of 1.8 billion RMB from its smart car and other innovative businesses, with an estimated loss of nearly 60,000 RMB per vehicle

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