Leapmotor secures another partnership as it expands globally.

The Samsung group reportedly has internally decided to skip all commemorative events for the anniversary of the launch of the new management initiative in 2024, which could be linked to the major challenges the company is currently facing, according to South Korean media Yonhap News Agency.

After months of swirling rumors about Royole Technologies' financial struggles, once touted as China's leading foldable screen manufacturer, the latest legal documentation confirms that the company has initiated bankruptcy liquidation proceedings.

BYD founder and chairman Wang Chuanfu said EVs are still gaining momentum in replacing internal combustion engine vehicles. He also announced that BYD will invest CNY100 billion (US$13 billion) in smart vehicle technology development.

LG Innotek has successfully utilized AI technology to reduce the defect rate of high-spec camera modules. In the future, it will rely on this approach to stabilize the initial yield rate, improve cost competitiveness, and enhance profitability through AI technology.

South Korea's semiconductor industry is warning that a future power shortage could cripple the capital region's sprawling semiconductor hub, which represents a total investment of KRW622 trillion(US$454 billion). Compounding the issue, there is still no concrete plan to transfer substantial power from the East Coast and Honam region.

Samsung Electronics is actively expanding its partner alliance to strengthen its semiconductor packaging technology, seeking to compete with the world's leading foundry, TSMC, in this field.

Chinese battery makers CATL and Gotion High-Tech have dismissed US congressmen's accusations that forced labor is involved in their supply chains.

The United Arab Emirates believes US concerns about sensitive chip technology moving from the Middle East and into China are justified, according to a top official.

More changes that could affect the automotive industry's dynamics have emerged ahead of the European Union's expected tariff increase.

The US tightened the eligibility of EV incentives offered by the Inflation Reduction Act (IRA) at the beginning of 2024.

Official data from the Chinese government showed that semiconductor exports from China rose at a faster pace in the first five months of the year, as the country, particularly SMIC, is facing intensifying competition from its counterparts in China in mature nodes.

These are the most-read DIGITIMES Asia stories in the week of June 3 – June 7.

Samsung Display (SDC) has unveiled its outlook for the LED on Silicon (LEDoS) technology for Augmented Reality (AR) device displays, expecting that LEDoS technology will evolve from the "Blue + Quantum Dot (QD)" method to the "RGB 3-panel" and "Monolithic 1-panel" methods.

Samsung Electronics chairman Lee Jae-yong recently embarked on a two-week business trip to the US.