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China\'s top 3 semiconductor packaging firms see profit surge in H1, launch 15 billion yuan expansion race

China’s three largest semiconductor packaging and testing (OSAT) companies have launched an expansion race as demand for AI semiconductors surges and profits grow at triple-digit rates. Jiangsu Changjiang Electronics Technology (JCET), Tongfu Microelectronics and Huatian Technology together announced more than 15 billion yuan ($2.2 billion) in first-half capacity expansion plans, focused on advanced packaging for AI accelerators. Other firms and Taiwan’s ASE also increased investment plans.

Industry

China EV materials supply chain shifts, with scrapped cars and used batteries seen as key resources by 2050

A study finds China could meet a large share of key materials needed for future electric vehicle production by recycling scrapped EVs and used batteries. While EV adoption boosts new mineral demand, the analysis says end-of-life vehicles and batteries could become major sources of battery and motor materials over coming decades. The outlook varies by material, and depends on technology shifts, policy and how quickly collection and recycling systems are built.

Industry

LG Energy Solution raises NMP recycling rate to 97 percent, expands to global sites

LG Energy Solution said it has raised the recycling rate of an essential solution used to make battery cathode materials to 97 percent and will expand the practice to its global sites. It published its “LG Energy Solution ESG Report 2025” on Tuesday. The report includes expanding new NMP solvent recycling technology, appointing an outside director as board chair for the first time, and establishing new ESG disclosure rules.