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The demand for IC substrates is expected to grow significantly in the coming years, driven by the increasing demand for electronic devices in various sectors, including AI, 5G, and automotive. This growth is expected to push the value of the IC substrate market from US$15.1 billion in 2022 to nearly US$29 billion by 2028.

Researchers at the University of Oxford have developed a groundbreaking AI tool that can accurately predict an individual's 10-year risk of having a fatal heart attack. This innovative technology, funded by the British Heart Foundation, has the potential to revolutionize the prevention of heart attacks by enabling doctors to intervene early and reduce the risk of these catastrophic events.

The U.S. Department of Energy (DOE) has announced a $3.5 billion investment in domestic battery production. This investment aims to strengthen the U.S. battery supply chain and make the U.S. a global leader in clean energy manufacturing. The DOE will focus on funding new, upgraded, and expanded facilities for battery-grade critical mineral processing, battery precursor materials, battery components, and cell and pack manufacturing. This investment is expected to create jobs and reduce costs for electric vehicle manufacturers and consumers. It also aligns with the Biden administration's goal to achieve a net-zero carbon economy by 2050.

In the first three quarters of this year, China's electronic information manufacturing industry has shown signs of recovery. The industry's production has increased, exports have differentiated, and investment has grown steadily. However, there are still some challenges, such as the decline in production efficiency and the large revenue differences between regions.

The global chip market is experiencing an oversupply, leading to a decrease in chip orders and imports from China. This is further exacerbated by the ongoing localization of chip production in China. Despite this, China is expanding its mature chip production capacity, with plans to build 32 new wafer fabs by the end of 2024. The Yangtze River Delta region is expected to account for nearly half of China's total wafer fab capacity.

The global MLCC market is expected to experience slow growth in the coming years, with demand driven by applications in smartphones, automotive electronics, and PCs. However, the uncertain political and economic climate is leading OEMs and ODMs to adopt a conservative outlook, and MLCC suppliers are facing lower-than-expected demand and are focusing on strict control of production capacity and inventory levels. Despite these challenges, Japanese suppliers Murata and Taiyo Yuden are competing aggressively for orders, while Samsung and Yageo have reduced the prices of their high-end MLCC products. As a result, TrendForce believes that suppliers' breadth of product applications and the financial resilience of their operations will be critically tested in 2024.

New energy passenger vehicle sales in China maintained a strong growth trend in October 2023, driven by continuous consumption promotion policies and the sustained stabilization of the economy. Leading new energy companies continue to expand their market advantage, with some leading companies strongly performing month on month in October. CPCA estimated that wholesale sales of new energy passenger vehicles in 2023 will reach 8.5 million units, with an annual penetration rate of 36%.

The Chinese video cloud market declined by 7.0% year-on-year in the first half of 2023, to 4.62 billion USD. This decline was attributed to the slowing growth of post-pandemic end-user entertainment demand and industry clients reducing IT expenditure. Despite the overall decline, there were some positive trends in the market. For example, the export of audio and video products and services is bringing more growth, and new trends have emerged in the application and implementation of audio and video products in traditional industries.

Semiconductor Manufacturing International Corporation has raised concerns about a looming global oversupply of semiconductors, attributing the situation to escalating geopolitical tensions. The company anticipates a further decline in semiconductor prices in the coming months, citing an oversupplied market and slowing demand from key customers. This development could have a significant impact on the global semiconductor industry, potentially leading to price reductions, consolidation among chipmakers, and disruptions in supply chains.

The global hardware security module market is expected to experience significant growth over the next decade, reaching a value of $5.2 billion by 2032, driven by increasing cybersecurity concerns and the implementation of stringent data privacy regulations. Fueled by the rising demand for robust data protection measures, the adoption of cloud computing and IoT devices, and the growing awareness of the importance of data security