Global passenger EV (BEV+PHEV) sales grew 18% YoY in Q1 2024, according to Counterpoint’s EV Market Tracker. While BEV sales increased by 7% YoY during the quarter, PHEV sales grew 46% YoY.China remai
US president Joe Biden has imposed a 100% tariff on Chinese EVs imported into the US and a 50% tariff on semiconductors.Both tariffs are in response to an anticipated flood of cheap EVs and chips.“We
Micron will get $6.1 billion in US Chips Act grants to help build fabs in New York and Idaho. Senator Chuck Schumer of New York announced the award and said the money would go towards building two fabs in New York by 2030 and o
Earlier today TSMC announced Q1 revenue up 12.9% y-o-y at $18.87 billion and profit up 8.9% y-o-y at $6.96 billion. Compared to Q4, the Q1 revenue was down 5.3% and net income was down 5.5%. Gross margin for the
The Q1 smartphone market grew 7.8% q-o-q to 289.4 million units, says IDC. It was the third consecutive quarter of market growth, Notes: • Data are preliminary and subject to change.
2023 sales of semiconductor manufacturing equipment fell 1.3% to $106.3 billion from 2022’s record $107.6 billion, says SEMI. China was the biggest market, growing 29% y-o-y to $36.6 billion, followed by Korea whi
