In a significant move to bolster global investment prospects, the Telangana government has inked a Memorandum of Understanding (MoU) with the Taiwan Chamber of Commerce (TCC) on October 7, 2024. This strategic partnership aims to create new opportunities for Taiwanese companies in Telangana, building upon the established presence of electronics giant Foxconn in the state.
Jun Seki, Foxconn’s chief strategy officer, said at Hon Hai Tech Day (HHTD) that unlike their smartphones, notebooks (NB), and game consoles, Foxconn’s strategy for electric vehicles (EVs) is to adopt a commissioned design and manufacturing services (CDMS) model.
Foxconn is redefining smart manufacturing and aiming for a future where AI produces AI. Foxconn’s two-day Hon Hai Tech Day (HHTD24) event began on October 8, during which it unveiled its smart factory platform for the first time.
The Semiconductor Industry Association (SIA) has reported that global semiconductor industry sales amounted to US$53.1 billion in August 2024, reflecting a 20.6% rise from US$44 billion the previous year and a 3.5% increase from US$51.3 billion in the preceding month.
Foxconn showcased its growing automotive expertise at HHTD24, unveiling the Model D electric SUV and Model U mid-sized electric bus. In his opening address, chairman and CEO Young-Way Liu highlighted the company’s plans to introduce additional electric vehicle (EV) models throughout the year, demonstrating Foxconn’s extensive expertise and growth in the automotive industry.
Solar inverters and energy storage power converters (PCS) form the intelligent backbone of renewable energy. Taiwan’s solar inverter market has been vibrant in recent years, with local and foreign brands engaged in intense competition.
IC design house Realtek Semiconductor has reported almost flat sequential revenue growth in the third quarter of 2024, with network IC shipment growth outpacing that of PC peripheral devices.
2024, a year of major sports events, has given the television industry high expectations for sales numbers. However, overall television sales this year have not shown significant increases, with AmTRAN being one of the few beneficiaries in the television market. The company is expected to exceed its shipment targets for 2024. AmTRAN states that aside from the boost from sporting events, its production facility in Vietnam has played a key role in securing increased orders from the US and South Korea, contributing to impressive revenue performance in the third quarter of 2024.