Tesla announced 10% of its global layoffs, with a higher domestic proportion

According to Kuai Technology News, Tesla suddenly launched global layoffs recently, and Musk stated in an internal letter that the layoff rate would be 10%. However, according to people familiar with the matter, Tesla China’s layoff ratio this time is far more than 10%, and the layoff ratio in some departments is even as high as 50%.

People familiar with the matter said that some departments will optimize the layoffs by 30%-40%, some will optimize by 50%, and others will generally optimize by around 20%. The severance compensation ranges from N+1 to N+3, and it is N+3 if you leave immediately after the negotiation on the same day.

According to data from the Passenger Car Association, Tesla's production and sales in China have experienced year-on-year declines for two consecutive quarters. When foreign media reported on Tesla’s layoffs, they also pointed out that Tesla is under particularly heavy competitive pressure in China.

Samsung is rumored to increase NAND flash memory production by 30% this quarter, but the total scale will be limited

According to IT House citing Korean media sources, Samsung Electronics’ NAND flash memory production volume in Pyeongtaek, South Korea, and Xi’an, China, increased by approximately 30% this quarter compared with the previous quarter. However, Samsung is cautious about further increasing production so as not to affect the rise in NAND prices.

Under full production capacity, Samsung Electronics' NAND flash memory production line can produce more than 2 million wafers per quarter. Currently, Samsung has internally set a red line of 1.2 million wafers for the second to fourth quarters, which means that the overall capacity utilization rate remains at around 50%.

According to the latest data from the analysis agency Omdia, the NAND wafer production volume of the Kioxia-Western Digital Alliance in the first quarter of this year reached 1.22 million pieces, an increase of approximately 20% compared to the fourth quarter of last year. However, Kioxia-Western Digital will not further increase supply. SK Hynix has set a NAND wafer production limit of about 600,000 pieces per quarter, and the overall operating rate is also around 50%-60%.

Global smartphone shipments increased by 7.8% in the first quarter, with Xiaomi rising by more than 30%.

According to Kuai Technology News, according to the latest report released by IDC, in the first quarter of 2024, global smartphone shipments increased by 7.8% year-on-year to 289.4 million units, achieving the third consecutive quarter of growth. Among them, Samsung shipped 60.1 million units, with a share of 20.8%, regaining first place; Apple's shipments dropped significantly by nearly 10%, which is in sharp contrast to the overall growth of the global smartphone market.

Xiaomi ranks third in the world, with shipments increasing significantly by 33.8% and market share reaching 14.1%, leaving only a 3.2% gap with Apple. Xiaomi founder, chairman, and CEO Lei Jun expressed his gratitude to rice fans worldwide for their support on Weibo. The fourth-ranked Transsion’s shipments increased by 84.9%, and its share reached 14.1%. It can be said to be a typical example of making a fortune in silence.

Kioxia plans to mass-produce 1,000-layer NAND in early 2030

According to the Taiwan Electronic Times quoted by Science and Technology Innovation Board Daily, Japanese NAND flash memory manufacturer Kioxia stated that it aims to mass produce 3D flash memory with more than 1,000 layers in 2030-2031. In addition, Kioxia is also developing storage-level memory technology, hoping to establish the next pillar of growth after NAND.