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Below are news flashes for the week starting December 15, 2023.

1. Tang Xiaoou, founder and chairman of SenseTime Technology, passed away

On the afternoon of December 16, according to people familiar with the matter, Tang Xiaoou, executive director of SenseTime Group, founder of SenseTime Technology, and a well-known artificial intelligence scientist in China, passed away in his sleep at 23:45 on December 15 at the age of 55.

Subsequently, the official public account of SenseTime released an obituary, confirming the news.

It is with an extremely heavy heart that we announce to everyone the sad news: Our beloved founder, artificial intelligence scientist, director of Pujiang Laboratory, director of Shanghai Artificial Intelligence Laboratory, and professor of the Chinese University of Hong Kong, Tang Xiaoou, is ill and cannot be treated. , left us forever at 23:45 on December 15, 2023.

With the deep learning platform as the core "brain", SenseTime has laid out technical fields such as face recognition, image recognition, video analysis, autonomous driving, and medical image analysis. Tang Xiaoou is also hailed by the industry as the "pioneer" and "pathfinder" of global facial recognition technology.

2. 2023Q3-Q4 global and Chinese smartphone market analysis

According to November data from the analysis agency Canalys, in the third quarter of 2023, the decline of the global smartphone market narrowed to 1%, and it benefited from the improvement of mobile phone manufacturers' inventory conditions in the second quarter and the launch of new products in the third quarter. Therefore, shipments reached 294.6 million units, a difference of 5.2 million units from Counterpoint's forecast of 299.8 million units.

Canalys said that Samsung benefited from accelerating the iteration of new folding screen products, shipping 58.6 million units, ranking first with a 20% market share, and solidifying its market position. In terms of market share, this is the same statistic as Counterpoint.

Driven by demand for new iPhone 15 products, Apple shipped 50 million units and ranked second with a market share of 17%. According to Counterpoint data, Apple’s market share is 16%.

Xiaomi ranked third thanks to its strong performance in emerging markets, shipping 41.5 million units, achieving a year-on-year growth of 2%.

OPPO (including OnePlus) ranked fourth, with shipments of 26.4 million units and a market share of 9%.

Transsion (including Tecno, Infinix and iTel sub-brands) continues to grow strongly, ranking fifth with 26 million units shipped.

3. The automotive chip market will exceed US$153 billion by 2032

According to Adroit Market Research, the global automotive semiconductor industry is estimated at US$59.9 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2032, reaching US$153.11 billion.

Electronic components specifically designed and tuned for use in vehicles are called automotive semiconductors. Many vehicle systems, such as those dealing with safety, powertrain, infotainment and comfort, rely heavily on the operation of these chips. Advanced driver assistance systems (ADAS), electric powertrains and in-vehicle infotainment (IVI) in modern vehicles are just a few of the many complex features and functions they bring to the table.

Microcontrollers, sensors, analog and mixed-signal ICs, power management ICs, and memory devices are some typical examples of automotive semiconductors. High reliability, robustness and resistance to harsh environmental factors including temperature fluctuations, humidity and mechanical stress are just some of the demanding specifications these components are expected to meet in the automotive industry.

The Asia-Pacific region is an important player in the automotive semiconductor industry. The market is expected to be driven by the increasing adoption of IoT and artificial intelligence in the automotive semiconductor industry in the region.

4. Layoffs continue to spread, and Bosch, the world's largest auto parts supplier, will follow suit 

As of the end of 2022, the Bosch Group has a total of 421,000 employees worldwide, revenue of 88.2 billion euros, and more than 85,500 technical R&D personnel. Layoffs at major auto parts manufacturers continue to spread. After the German auto parts manufacturer Continental announced thousands of layoffs, the German media Automobilwoche reported on December 10 that Bosch, the world's largest auto parts supplier, only has its headquarters in Stuttgart-Feuerba. At least 1,500 jobs will be lost at the Harbin and Schweiberdingen plants.

As market demand continues to grow, the performance of traditional auto parts suppliers has declined instead of rising, indicating that their original competitive advantages are facing constant challenges.

5. Red Sea crisis may affect global supply chains

According to multiple media reports, affected by the current round of Palestinian-Israeli conflicts, the situation in the Red Sea and its adjacent waters has become increasingly tense in recent days. Recently, many ships were attacked by Yemeni Houthi armed forces while sailing to the Red Sea and nearby waters. Many international shipping companies have successively announced the suspension of sailing in the Red Sea. The London marine insurance market on Monday expanded the high-risk area of the Red Sea, raising premiums for ships.

Although people related to the Suez Canal said that ships passing through the canal recently have not been affected, analysts said that if more and more shipping companies suspend shipping, it will have a major impact on the global supply chain.

The Suez Canal is the shortest waterway connecting Europe and Asia. About 15% of global shipping passes through the Suez Canal.

According to the U.S. Energy Information Administration, nearly 1/10 of maritime oil trade is transported through the Red Sea route, and transportation disruptions may affect global energy supply. Not only energy transportation, but also automobiles and other trade will be affected.

According to industry analysts, several large freight companies, including Mediterranean Shipping Company (MSC), have begun detouring African routes, thereby increasing costs and delays, and this situation is expected to intensify in the coming weeks.

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