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Global PMX optimistic about China, US NEV component purchases

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06 Dec
Automotive component manufacturer Global PMX is cautiously optimistic about its automotive business outlook in the fourth quarter of 2024 and the first half of 2025 thanks to orders for new energy vehicle (NEV) components from China and the US.
Newer Phihong to ramp up production for low-orbit satellite products in 1H25
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Older Chinese clients hesitant in procuring local chips despite import substitution push