Jun 06, 2024 05:07 PM
TECH
Daily Tech Roundup: Autonomous Driving Testing Gets Another Green Light, TSMC’s New Chairman Affirms 2024 Recovery Hopes
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Chinese automaker Nio showcases its EP9 model at the Shanghai Auto Show in April 2023. Photo: VCG
Welcome to the Daily Tech Roundup — a briefing of the top technology news making headlines in China and the rest of Asia.
Nine carmakers given green light for advanced autonomous driving tests
Chinese regulators granted approval to the first batch of automakers to test vehicles equipped with advanced autonomous driving technology on public roads, as the country aims to speed up commercialization of the technology. Four ministries shortlisted nine car manufacturers including BYD Co. Ltd. and Nio Inc. to test level 3 autonomous driving capabilities on restricted areas in cities including Beijing, Shanghai, Guangzhou and Chongqing. The automakers will partner with fleet operators, such as ride-hailing platforms, to carry out the tests, according to a joint statement.
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- Chinese regulators approved nine automakers, including BYD and Nio, for advanced autonomous driving tests in major cities.
- TSMC’s new chairman, C.C. Wei, reaffirmed hopes for a 2024 recovery driven by AI development and projected 10% chip market growth for the year.
- Beijing-based AI startup Shengshu Technology raised several hundred million yuan in a Pre-A funding round led by Baidu and the Beijing AI Industry Investment Fund.
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Who’s Who
- BYD Co. Ltd.
- BYD Co. Ltd. is one of the nine carmakers granted approval by Chinese regulators to test vehicles equipped with advanced autonomous driving technology on public roads. They will test level 3 autonomous driving capabilities in cities like Beijing, Shanghai, Guangzhou, and Chongqing as part of China's efforts to commercialize the technology.
- Nio Inc.
- Nio Inc. is one of the nine car manufacturers approved by Chinese regulators to test level 3 autonomous driving capabilities on public roads. These tests will be conducted in restricted areas in cities such as Beijing, Shanghai, Guangzhou, and Chongqing. Nio will partner with fleet operators, like ride-hailing platforms, to carry out the tests, aiming to accelerate the commercialization of autonomous driving technology in China.
- Taiwan Semiconductor Manufacturing Co. Ltd.
- Taiwan Semiconductor Manufacturing Co. Ltd.'s new Chairman and CEO, C.C. Wei, reaffirmed hopes for a 2024 industry recovery driven by AI development. Despite a scaled-back outlook, he projects 10% chip market growth this year, excluding the memory sector. TSMC remains a crucial chip supplier for Apple, Nvidia, and SK Hynix.
- Apple Inc.
- Apple Inc. relies heavily on Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) for its chip components. TSMC, under the leadership of C.C. Wei, is crucial to Apple's supply chain, particularly for technology used in AI services.
- Nvidia Corp.
- Nvidia Corp. is highlighted in the article as one of the crucial clients of Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC). Nvidia relies on TSMC for its components, which are essential for the development and hosting of AI services.
- SK Hynix Inc.
- SK Hynix Inc. is highlighted in the article as a significant partner for Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC). It produces critical components essential for the training and hosting of AI services, alongside Apple Inc. and Nvidia Corp.
- Shengshu Technology
- Shengshu Technology, a Beijing-based generative AI startup, secured several hundred million yuan in new funding within three months. Their Pre-A round was led by Baidu Inc. and the Beijing Artificial Intelligence Industry Investment Fund. Shengshu intends to use the funds for developing general-purpose multimodal technology, optimizing its large models, and accelerating product and market expansion.
- Baidu Inc.
- Baidu Inc. led the Pre-A funding round for Beijing-based generative AI startup Shengshu Technology, which raised several hundred million yuan to support the development and market expansion of general-purpose multimodal technology and large models.
- Rapidus Corp.
- Rapidus Corp. is a Japanese domestic player in semiconductor manufacturing, aiming to produce 2-nanometer semiconductors by 2027. The Japanese government’s draft annual economic and fiscal policy plan suggests potential legal measures to support mass production, with the goal of attracting long-term investment, including from the private sector.
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What Happened When
- Sunday, June 2, 2024：
- Chang’e-6 spacecraft landed in the moon’s Aitken Basin and started collecting soil and rock samples.
- Tuesday, June 4, 2024：
- C.C. Wei formally appointed as chairman of Taiwan Semiconductor Manufacturing Co. Ltd.
- Tuesday morning, June 4, 2024：
- Chang’e-6 took off from the moon’s South Pole and made it into lunar orbit.
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