EV makers pivot: Trump 2.0 day one threatens charged-up industry

The global electric vehicle industry faces an immediate reset as Donald Trump returns to the White House. Markets are already reacting to his promised dismantling of key industry policies, including the Inflation Reduction Act (IRA), while automotive supply chains worldwide prepare for a stark departure from the previous administration’s electric vehicle agenda.

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Honor CEO George Zhao resigns, Jian Li appointed successor

Chinese smartphone brand Honor announced on January 17 that CEO George Zhao has resigned. Jian Li, a former Huawei executive, is set to take over the role. According to the company’s statement, Zhao stepped down from both his director and CEO positions for personal reasons. Honor praised his significant contributions to the company’s growth and development. Zhao also shared his decision on social media, describing it as “an extremely difficult decision.”

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GlobalFoundries to invest US$575 million in advanced packaging center in the US

GlobalFoundries has unveiled plans to invest US$575 million in a cutting-edge advanced packaging and photonics center at its Malta, New York, facility. This ambitious project is designed to enable the complete domestic production, packaging, and testing of semiconductor components, addressing critical supply chain and national security concerns for the US.

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Former Sharp CEO sues Foxconn founder over incentive dispute

Jeng-wu Tai, retired vice president of Hon Hai (Foxconn) and ex-CEO of Sharp, has taken legal action against his former employer and Terry Gou, the founder of Hon Hai, over an alleged breach of an incentive agreement. Once a trusted lieutenant of Gou, Tai now seeks legal recourse to address the dispute, which centers on unfulfilled bonus payments tied to Sharp’s performance during Gou’s tenure as Hon Hai’s chairman.

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WT Microelectronics expects AI-driven surge in 2025, optimistic about recovery in automotive and industrial sectors

Taiwan-based electronics distributor WT Microelectronics has steadily expanded its global distribution network following the completion of its acquisition of Future Electronics. The company is optimistic about a recovery in automotive and industrial applications in the first half of 2025, which, along with its sustained momentum in artificial intelligence (AI) product lines, is expected to contribute significantly to profit growth.

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China’s ‘Starlink’ ambitions face multiple challenges in LEO satellite race

Qianfan Constellation, often referred to as China’s version of Starlink, has announced its plans to deploy 13,904 low-Earth orbit (LEO) satellites by 2030. The project, while ambitious, faces significant challenges, including limited launch site availability, high costs of single-use rockets, and doubts about the survivability and durability of its LEO satellites.

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Taiwan strengthens undersea cable security amid rising threats

According to the International Telecommunication Union (ITU), undersea cables carry more than 90% of global internet data traffic and face more than 150 cable breaks annually worldwide, primarily due to human errors and accidents. These incidents underscore the fragility of global communication infrastructure. As an island nation heavily dependent on submarine cables, Taiwan is particularly vulnerable to such disruptions and is taking proactive steps to strengthen its network resilience.

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