Taiwan’s Ministry of Economic Affairs (MOEA) will launch the second phase of its subsidy program for domestic IC design houses in 2025, aimed at boosting their competitiveness against global industry leaders. This initiative continues despite a projected budget shortfall of NT$30 billion (US$914.07 million) for the year, as outlined in the recently amended Act Governing the Allocation of Government Revenues and Expenditures.

Honor, the Chinese smartphone manufacturer, announced on its official website that it has transitioned into a joint-stock company as of December 28, 2024, with its official name now Honor Terminal Company, Ltd. According to reports from ICSmart and HKET, the restructuring, launched in the fourth quarter of 2024, has been carried out seamlessly.

As artificial intelligence (AI) has been in bloom in recent years, Nvidia has achieved a remarkable milestone by surpassing a market capitalization of US$3 trillion for the first time in 2024. Throughout this year, Nvidia has actively invested in AI, including participation in startup financing and acquisitions, on par with other tech giants.