International News:

1. STMicroelectronics announced its Q1 2024 financial results, with revenue up 18.4% to $3.465 billion and net profit down 50.9% YoY to $513 million.

2. The US has pledged $5 billion investment in the National Semiconductor Technology Center (NSTC), aimed at advancing semiconductor chip research and development.

3. Intel significantly downsized its operations in Russia in 2023, leaving only one employee serving as both Intel AO and Intel Technical Director.

4. In February 2024, the US Commerce Department issued warning letters to dozens of chip companies, urging voluntary cessation of supply, mainly targeting over 600 companies, with over 95% from mainland China and Hong Kong.

5. Despite an overall shrinkage in the chip market in 2023, design IP revenue increased by 5.8% to $7.04 billion, as per analyst Eric Esteve from IPnest.

6. Australian chip maker Morse Micro announced the establishment of a new subsidiary in Taiwan, aiming to expand into the Greater China market.

7. Tesla CEO Musk visited China to promote the application of Tesla's Full Self-Driving (FSD) technology in the Chinese market.

China News:

1. XPeng Motors announced a strategic cooperation framework agreement with Volkswagen to jointly develop advanced electronic architectures for Volkswagen's electric vehicle platform in China.

2. ChangXin Technology released its 2023 Environmental, Social, and Governance (ESG) report, with operating income reaching ¥29.66 billion and net profit ¥1.47 billion, achieving positive free cash flow for five consecutive years.

3. Professor Yang Weifeng's team at the School of Electronic Science and Technology made significant breakthroughs in the epitaxial growth technology of fourth-generation semiconductor gallium oxide (β-Ga2O3) and the preparation of blind-spot photodetectors.

4. The 2024 Zhongguancun Forum released a list of 10 major technological achievements, including plans for the construction of Zhongguancun World-Leading Science and Technology Park (2024-2027), fully analog optoelectronic intelligent computing chips, significant AI advancements, original theories and materials for corner nitride boron optical crystals, and quantum cloud computing cluster.

5. MediaTek announced its Q1 2024 performance, with revenue of NT$133.458 billion, a 3% QoQ increase and a 39.5% YoY increase.

6. Tsinghua University established the Institute for Artificial Intelligence, with Turing Award winner Yao Qizhi as its first dean.

7. Song Shiqiang, General Manager of SLKOR, was invited to participate in the 13th sharing session of the Veku Electronic Market Network, where he shared his views on the future of the chip industry regarding the prospects of "domestic substitution" for traders.