AGP Executive Report
Last update: 11 hours agoChip Markets: South Korea’s KOSPI plunged 7.6% Thursday, with Samsung and SK Hynix among the hardest hit as inflation and doubts about AI spending rattled investors. TSMC, however, posted a sixth straight quarterly profit record, underscoring continued AI demand. Memory Crunch: Rising memory costs helped drive a record 22% drop in smartphone shipments in the September quarter; IDC sees no market recovery before 2028. Manufacturing: Japan plans to invest up to $21 billion in two GlobalFoundries chip plants in New York, while Logitech has begun assembling mice and webcams in India to diversify production and serve local customers. Supply Chain: DigiKey is investing $100 million over 18 months to expand global distribution operations, as component shortages and longer lead times pressure electronics makers. Smart Homes: Apple’s new Home Collection, developed with LG and Schneider Electric, adds cameras, a door lock and thermostats to its connected-home lineup.
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