Samsung unveiled its new Galaxy Z Fold6 and Galaxy Z Flip6 models at the Galaxy Unpacked Event 2024 in Paris on July 10, featuring improved hardware and strengthened AI integration across its foldables and wearables. The hybrid approach to AI use cases expands the Galaxy AI experience to broader categories, making users more reliant on end experiences. The event took place in Paris.

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AMD has acquired Silo AI, a European private AI lab, in an all-cash transaction valued at $665 million. Silo AI, headquartered in Finland, provides AI expertise and solutions, having delivered over 200 AI projects to date. The acquisition is expected to close in the second half of the year, helping AMD meet the scarcity of AI talent and strengthen its AI position to match market leader NVIDIA.

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Qualcomm is expected to remain the leader in automotive connectivity, capturing about half of the market by the end of the decade. MediaTek will gain share in the near-term with its early mover advantage in automotive 5G RedCap chipsets. Shipments of automotive NAD modules for connectivity in vehicles are projected to exceed 700 million units from 2020 to 2030, with more than half of the vehicles shipped embedding 5G capability by the end of the decade.

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Counterpoint's Research Director Tarun Pathak and Associate Director Jan Stryjak will attend the Samsung Galaxy Unpacked event on July 10, 2024, in Paris. The event will introduce the power of Galaxy AI, integrated into the latest Galaxy Z series and the entire Galaxy ecosystem. The meeting can be scheduled to discuss the latest trends in technology, media, and telecommunications.

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Volkswagen has invested $5 billion in US-based EV startup Rivian over a three-year period, forming a 50/50 joint venture. The investment aims to help Rivian reach profitability and expand its market share. Rivian's new R1T and R1S models feature a next-generation SDV platform with advanced zonal architecture and networking capabilities.

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By 2030, nearly 70% of all cellular devices shipped will be eSIM/iSIM-capable, driven by smartphones and cellular IoT modules. The installed base of xSIM-capable consumer devices is expected to exceed 2.5 billion units by 2030. eSIM/iSIM-capable devices will grow at a CAGR of 22% between 2024 and 2030, with iSIM-capable devices growing fastest at a CAGR of 160%.

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Amdocs is leveraging Generative AI (GenAI) to transform telco customer care. The company has analyzed 600 ideas and mapped over 120 use cases across seven domains. Amdocs' Head of Platforms Marketing, Ofir Daniel, discussed the strategy and use cases of GenAI for telcos at the Amdocs APAC Analyst Summit in Singapore. The company sees GenAI as a powerful tool to accelerate day-to-day business processes.

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BEV sales are projected to hit 10 million in 2024, marking a milestone in the decline of ICE vehicles, whose market share is expected to drop below 50% in four years. China will dominate BEV sales with over 50% global share until 2027, while Europe and the US will experience major growth starting in 2025.

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In Q1 2024, global VR headset shipments declined 29% YoY and 51% QoQ, while global AR smart glass shipments grew 40% YoY but declined 45% QoQ. Apple's Vision Pro entered the market, but the global VR headset market remained weak. Meta's shipments declined, and Sony and Pico faced inventory-clearing pressures. The enterprise VR segment showed more resilience than the consumer segment.

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China's TCU sales grew 9% YoY in Q1 2024, driven by double-digit growth of key domestic players. Neusoft led among the domestic players, while Huawei witnessed the highest growth (45% YoY) among the top five TCU players. China remained the 5G TCU leader with an 89% market share globally, driven by the diverse 5G products launched by the country's TCU players.

Source: https://www.counterpointresearch.com/insights/