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Below are news flashes for the week starting February 26 , 2024.

1. The industry's first AI grand model has arrived

Huawei introduced the telecommunications industry's inaugural grand model at the World Communication Congress on February 26, 2024. Designed to boost business innovation and operational efficiency, this model offers role-based Copilots and scenario-based Agents applications, enhancing telecom operators' capabilities and user satisfaction. With proven effectiveness in agile deployment, user experience assurance, and troubleshooting, Huawei's grand model is poised to drive advancements in AI, autonomous driving, and facilitate rapid, stable communication connections. Huawei urges telecom partners to collaborate in promoting intelligent technology applications, shaping the industry's best practices and embracing an era of intelligent telecommunications.

2. TSMC Completes First Chip Plant in Japan

Japan Advanced Semiconductor Manufacturing Corporation (JASM) inaugurated its first factory in Kikuyo Town, Kumamoto Prefecture. With an investment of $8.6 billion, the facility spans 213,000 square meters and will produce TSMC's 22/28 nm and 12/16 nm generation chips starting in 2024. TSMC's founder, Morris Chang, anticipates this move will revitalize Japan's semiconductor industry and bolster the global chip supply chain.

Furthermore, TSMC announced plans to collaborate with Sony Semiconductor Solutions Corporation, Denso Corporation, and Toyota Motor Corporation to build a second factory in Kumamoto. Both facilities, supported by Japanese government subsidies, will collectively produce over 100,000 units of 300mm wafers monthly, serving automotive, industrial, consumer electronics, and high-performance computing applications.

3. Omron to Cut 2,000 Jobs Worldwide

Omron announced its first major layoffs since 2002 due to challenges in its Chinese factory automation business. About 2,000 employees, 7% of its workforce, will be affected, with 1,000 job cuts in Japan, representing 10% of its domestic workforce. Omron plans to offer voluntary retirement, reduce fixed costs through structural reforms, and reassess product development to regain market share. The layoffs are expected to lead to a 98% decline in annual net profit to ¥15 billion by March. Omron aims to reduce dependence on the Chinese market and seek customers in the US and Europe to reaffirm its position in the supply chain.

4. India opens space sector to global investors, allows 100% FDI

India has decided to allow 100% foreign direct investment in the aerospace sector to encourage collaboration between foreign investors and Indian aerospace companies. Previously, foreign direct investment required government approval. The revision of this policy will lower barriers for foreign companies looking to invest in Indian aerospace enterprises, enabling any foreign private aerospace company to establish wholly-owned subsidiaries in India and launch aerospace rockets. 

India has set goals to expand its global launch market share to $47.3 billion by 2032, with its current share standing at around 2%. The number of Indian aerospace startups has surged, with investments reaching $124.7 million. It is projected that by 2033, India's aerospace economy will reach $44 billion. India has also unveiled a space policy allowing non-governmental entities to provide satellite communication services, shifting its focus from manufacturing operational space systems to advancing cutting-edge technology research and development.

5. Ten countries, including the US, UK, Japan and France, issued a joint statement on the development of 6G wireless communication systems

The declaration emphasizes the support for open, free, global, interoperable, reliable, flexible, and secure connections. All parties believe that this is a significant contribution to building a more inclusive, sustainable, secure, and peaceful future, and call on other governments, organizations, and stakeholders to jointly support and uphold these principles. Cooperation and unity are key to addressing the urgent challenges facing the development of 6G, and all parties will adopt relevant policies, encourage third countries to adopt similar policies, and promote research, development, and application. These principles include trustworthy technology to protect national security, secure and flexible protection of personal privacy, industry-led global inclusive standard-setting and international cooperation, affordability, sustainability, and global connectivity, as well as secure and flexible supply chains and elements necessary for global market competition. In the face of intensifying competition, other countries and some of the world's largest telecommunications companies are also seeking to provide commercialized 6G services in the early 2030s.

Resources:

1. https://www.esmchina.com/news/11514.html

2. https://www.esmchina.com/news/11505.html

3. https://www.esmchina.com/news/11510.html

4. https://www.esmchina.com/news/11508.html

5. https://www.esmchina.com/news/11508.html

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