Electronics Supply Chain Weekly Digest 12-6-24.
DATAPOINT OF THE WEEK: China’s Auto market remained hot in November with passenger sales and production reaching record high numbers driven by government trade-in policies and continued price discounts, according to China Association of Automobile Manufacturers (CAAM).
Passenger vehicles production and sales surged 15% Y/Y surpassing the 3 million mark for the first time, and exceeding the prior peak of 2.6 million set in Dec 2023.
NEV sales remained strong growing 47% Y/Y to 1.5 million with BEVs growing 38% to 908k and PHEV growing 89% Y/Y to 604K. The commercial market, however, remained sluggish declining 15% in both production and sales.
China export numbers were also weak with overall unit growth slowing to 3% Y/Y, following double-digit growth through all of 2024. NEV exports were notably weak declining by 12% Y/Y.
Headlines:
Auto
- Bosch to sell its security and communications technology business to Triton Partners
- Chinese EVs clog up Brazil ports with new tariffs cooling growth
- China auto sales sustain momentum on subsidies, campaigns
- Auto chip aging accelerates in hot climates according to studies
- Optimism on the rise among US auto dealers following decisive election results, says Cox Automotive
- Global EV sales hit third consecutive record high
- China captures 61% of Global EV traction inverter installation volume in 3Q24, Europe pushes reforms to rebound, says TrendForce
- GM to exit loss-making Cruise robotaxi business
- Hyundai, BAIC to invest $1.1 billion in China joint venture
- Baidu, Geely’s EV venture faces uproar after it says needs fresh funds
- China’s Nio, behind on growth targets, aims to tighten cost control
- US new-vehicle prices climb in November, while higher incentives continue to entice buyers
- Stellantis and CATL to invest up to €4.1B in joint venture for large-scale LFP battery plant in Spain
- Stellantis to extend stoppage at Mirafiori plant until Jan. 20, union says
- VW, unions hold ‘constructive’ talks, but no solution in sight
- China’s Xiaomi to launch new SUV next summer amid rising demands
Industrial
- Boeing jet deliveries fall to 13 in November after strike ends
- Boeing to invest $1B in South Carolina 787 Dreamliner facility, adding 500 jobs
- EU tightens subsidy rules for green hydrogen, effectively excluding Chinese products
Semiconductors
- AYAR Labs Raises $155M from Nvidia, AMD, Intel; Valuation Surpasses $1B
- Broadcom shares rise 13% on profit beat, ‘massive’ opportunity in AI
- China targets Nvidia with antitrust probe, escalates US chip tensions
- Chinese foundries slash wafer prices amid overcapacity, pressuring Taiwan’s mature process players
- Coherent, SkyWater, X-Fab sign CHIPS Act deals to expand US manufacturing
- Semiconductor market to achieve 15% growth in 2025 says IDC
- Hua Hong’s Wuxi expansion boosts China’s chip market amid STM partnership and local production surge
- NXP strengthens automotive ecosystem in Taiwan through collaboration with major manufacturers
- Intel executives say a manufacturing spinoff is possible
- Infineon sees demand for local semiconductor production in China
- Japan launches US$670 million semiconductor subsidy scheme
- Micron lands $6.2B in CHIPS funding
- Nvidia steps up hiring in China to focus on AI-driven cars
- onsemi to acquire Quorvo’s silicon carbide JFET Technology to enhance its power portfolio for AI data centers
- Rohm, TSMC launch GaN partnership for EV sector
- Rohm partners with Valeo for SiC inverters, targets 2026 production
- Russia’s military found a surprisingly simple way to buy US chips from TI and others
- STMicroelectronics launches NPU-equipped MCU
- STMicroelectronics introduces first STM32-ready wireless IoT modules leveraging collaboration with Qualcomm
- TSMC reports strong revenue growth amid monthly dip
Consumer/Other
- Apple prepares to end reliance on Qualcomm with in-house cellular modem chips
- Apple nears switch to in-house Bluetooth and Wi-Fi chip for iPhone, smart home
- Apple working with Broadcom to develop AI chip, the Information reports
- Arrow Electronics names Lawrence Chen as a new director to its board
- Concerned about the impact of Trump’s tariff policies, factories rushed to pull goods in advance
