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Industry News

2 Jul 2024

By The Strait Times

Output for S’pore electronics and non-electronics diverge a second month

SINGAPORE – Factory output for electronics and non-electronics continue to diverge for a second month in June and may start to become a source of concern.

The purchasing managers’ index (PMI), a barometer of the manufacturing sector, dipped to 50.4 points in June, from May’s 50.6 points, according to the latest data released by the Singapore Institute of Purchasing and Materials Management on July 2.

In contrast, the electronics PMI, a key sector of manufacturing, rose to 51.2 points, from the previous month’s 51.1 points.

1 Jul 2024

By The Straits Times

South Korea factory activity sees fastest growth in 26 months on rising demand

SEOUL - South Korea’s factory activity growth quickened in June to the fastest in 26 months, as new orders jumped on improving global demand, a private sector survey showed on July 1.

The purchasing managers index (PMI) for manufacturers in Asia’s fourth-largest economy, compiled by S&P Global, rose to 52 in June, from 51.6 in May, on a seasonally adjusted basis.

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1 Jul 2024

By The Straits Times

Asia’s factory activity expands in June on solid global demand, surveys show

TOKYO - Asia’s factory activity expanded in June on solid momentum in the global economy and brightening prospects for semiconductor output, surveys showed on July 1, offering policymakers some hope that the region can weather the hit from soft Chinese demand.

But cost pressures weighed on manufacturers in countries such as Japan, where the weak yen is boosting the price that companies pay for fuel and raw material imports.

26 Jun 2024

By The Straits Times

Singapore factory output beats forecasts with 2.9% rise in May on electronics rebound

SINGAPORE – Singapore’s manufacturing output turned positive in May, fuelled by a rebound in the key electronics sector.

Total output grew a better-than-expected 2.9 per cent year on year in May, after a revised 1.2 per cent drop in April and the 9.2 per cent contraction suffered in March.

Economists in a Bloomberg poll had predicted a 1.4 per cent expansion.

24 Jun 2024

By The Straits Times

Foxconn to invest $518 million in Vietnam circuit board plant: Report

HANOI - Foxconn Singapore has been awarded a licence to invest US$383 million (S$518 million) in a factory to produce printed circuit boards in Vietnam, state media reported on June 24.

The plant in the northern province of Bac Ninh will produce 2.79 million products a year, Cong Thuong newspaper reported.

22 Jun 2024

By Reuters

US closer to curbing investments in China's AI, tech sector

Areas targeted include semiconductors, quantum computing and AI
Proposed rules include exceptions for transactions in U.S. national interest
Focus on China, Macau and Hong Kong, with potential for expansion

20 Jun 2024

By Reuters

Silicon Box to pick Piedmont for $3.4 bln Italian chip plant, sources say

Singapore firm announced Italian plant in March.
At least three Italian regions competed to host plant.
Selected site expected to be announced next week.

20 Jun 2024

By TrendForce

Micron’s HBM Expansion at Full Throttle: Rumored to Expand in US, Malaysia Also an Option

According to a report from Nikkei citing sources, memory giant Micron Technology is building a pilot production line for advanced high-bandwidth memory (HBM) in the United States and is considering producing HBM in Malaysia for the first time to capture more demand from the AI boom.

19 Jun 2024

By Taipei Times

GlobalWafers expects slower growth

GlobalWafers Co (環球晶圓), the world’s third-largest silicon wafer supplier, yesterday said revenue would increase at a much slower pace this year due to customers’ inventory adjustments and lackluster chip demand for smartphones, vehicles and industrial devices.

19 Jun 2024

By Reuters

Apple suspends work on next high-end headset, to focus on cheaper model, the Information reports

June 18 (Reuters) - Apple, opens new tab has suspended work on its next high-end Vision headset, the Information reported on Tuesday, citing an employee at a manufacturer that makes key components for the Vision Pro.

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