Taiwan’s drone industry is surging amid growing demand for national defense autonomy and cybersecurity, but challenges persist. Companies face stiff competition from low-cost Chinese rivals, pressure to enhance component cost-efficiency, and the need to foster international collaborations.
China’s battery materials sector is thriving, backed by government subsidies, low electricity costs, and cheaper labor, enabling aggressive investment. In contrast, South Korean firms, lacking comparable support, are struggling with mounting losses and potential market exits, threatening the stability of South Korea’s EV supply chain.
Chinese automakers, including NIO, XPeng Motors, BYD, and Taiwan’s Foxconn, are reportedly exploring partnerships with cash-strapped Nissan, leveraging its global distribution networks to enter the US market, according to Japanese supplier Ibiden via Chinese media.
Taiwan-based energy solution provider ATE Energy has achieved significant progress in the Philippines market with an order backlog of about NT$11 billion (approx. US$335.83 million) and expects overseas revenues to account for 70% of the overall total in 2025, according to the company.
Taiwan’s Sanyang Motor (SYM) and the Industrial Technology Research Institute (ITRI) have reached a significant milestone in their joint hydrogen fuel cell motorcycle project, successfully completing a key road test.
Nissan and Honda, two of Japan’s automotive giants, are set to hold merger talks on December 23, 2024. Renault, Nissan’s largest shareholder and a French automotive leader, is reportedly open to the proposed merger, signaling a pivotal moment for the Japanese automakers.
Rapidus, a Japanese company targeting the mass production of 2nm chips, has announced the delivery of Japan’s first extreme ultraviolet (EUV) lithography machine, the NXE:3800E, which will be installed at its Innovative Integration for Manufacturing (IIM-1) foundry under construction in Hokkaido. The company plans to introduce multiple units in the future.
In response to Taiwan’s panel and traditional industries facing fierce competition from Chinese peers, deputy minister of Taiwan’s Ministry of Economic Affairs (MOEA) Chin-tsang Ho said that the MOEA will offer R&D subsidies totaling NT$11.6 billion (approx. US$354.15 million) starting in 2025 and welcomes applications from related industry players.