Jiyue Auto, the automotive startup co-founded by Baidu and Geely, is on the brink of collapse. CEO Joe Xia, in a letter to employees dated December 11, admitted the company faces severe challenges and requires urgent restructuring. Reports indicate that salary benefits for some employees have been suspended, fueling fears of widespread layoffs.

Foxsemicon Integrated Technology Inc. (FITI), a subsidiary of Foxconn specializing in semiconductor equipment, is expanding its footprint in Thailand with a THB10.5 billion (approx. US$311 million) investment. Approved by the Thailand Board of Investment (BOI), this initiative aims to bolster Thailand’s semiconductor industry, which is rapidly becoming a regional hub for advanced manufacturing.

Delta Electronics has launched Taiwan’s first megawatt-scale hydrogen production and fuel cell testing facility—the “Delta Net-Zero Science Laboratory”—at Tainan Science Park. The lab marks a significant step forward in Delta’s efforts to drive innovation in hydrogen energy technology as part of its commitment to a net-zero future.