Leading power supply maker Phihong Technology held its quarterly earnings call on December 5, during which general manager Allan Lin noted that the company has begun low-volume shipments of power supplies for low Earth orbit (LEO) satellite applications in recent months, with plans to gradually ramp up production in the first half of 2025. Meanwhile, the company is continuing its transition toward high-wattage products, with growth anticipated particularly in the network communications and industrial control markets.

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.

China has unveiled countermeasures following Trump’s recent announcement of a 10% tariff on Chinese imports. On December 5, the Ministry of Finance of the People’s Republic of China (MOF) released a draft proposal that would grant domestic products a 20% price evaluation advantage in government procurement, creating a significant barrier for foreign competitors in the bidding market.