China shock V2 is arriving - auto industry in the US and Europe will suffer further sustained job losses and revenue decline
"Half of all vehicles sold in China in July were either new pure electric vehicles or plug-in hybrids, industry data showed, a milestone that underscores how far the world's biggest auto market has leapt ahead of Western counterparts in EV adoption"
https://europe.autonews.com/automakers/china-car-sales-evs-reach-july-milestone
reram?
Innostar out of Singapore
'InnoStar, formally as Xinyuan Semiconductor (Shanghai) Co. Ltd., was founded in 2019 and includes former employees of Intel, SMIC and Spreadtrum Communications. It has said it raised hundreds of millions of dollars and to build China’s first 28nm/22nm ReRAM pilot wafer fab.'
'The company has not been explicit about the technology behind its ReRAM but offers licensable IP for use embedded in SoCs and for use as storage memory and for AI acceleration in datacenters.'
Interesting times ahead for sure
Weebit...sign that customer agreement
Industry related on topic, page-757
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