ELECTRONICS NEWS HIGHLIGHTS W17.2023

1. INFINEON: GROWTH RATE OF SEMICONDUCTORS REQUIRED BY EVS IS ESTIMATED TO EXCEED 20%.

In recent years, the rapid growth in demand for electric cars has caused to a race in technology. New battery management, autonomous driving modes, and features are tested and implemented on a wide range of vehicle models. This has led to a surge in demand for semiconductors in the electric car industry. Mr. Freeman Cao, senior vice president of Infineon Technologies and head of the Automotive Electronics Division in Greater China, said in an interview recently that the estimated annual growth rate of semiconductors required for autonomous driving is more than 20%.

Learn more: INFINEON: GROWTH RATE OF SEMICONDUCTORS REQUIRED BY EVS IS ESTIMATED TO EXCEED 20%.

2. EU AGREES $47 BILLION CHIPS ACT

The EU Chips Act, first proposed by the European Commission last year, aims to double EU countries’ share of global chip production to 20% by 2030, and has pledged to provide sufficient funding. According to Reuters, the European Union yesterday agreed a 43 billion euro ($47 billion) semiconductor industry plan in an effort to catch up with the U.S. and Asia.

Learn more: EU AGREES $47 BILLION CHIPS ACT

3. WORLDWIDE CELLULAR IOT MODULE SHIPMENTS UP 14% IN 2022

Despite macroeconomic difficulties, total shipments of IoT mobile modules increased 14% worldwide. The deployment of smart network infrastructures, GPS tracking, self-driving features in cars is said to be the main driver of this growth. Currently China is the leading market for IOT mobile modules and Quectel is the number 1 supplier in this field.