Nokia laid out an ambitious roadmap for 6G development and network innovation at a recent Taiwan event, forecasting explosive growth in bandwidth demand and a shift toward AI-driven telecommunications platforms.

The CHIPS and Science Act, signed into law by President Joe Biden in August 2022, has been in place for over two years. While companies like Intel and Microchip have progressed with incentive agreements and investment plans, their experiences underscore the Act’s challenging and complex implementation process.

Micron Technology is set to secure up to US$6.2 billion in US subsidies this week, marking the final major agreement under the Biden administration’s semiconductor initiative, while Asian tech giants Samsung Electronics and SK Hynix remain waiting.

Connector and cable assembly maker Sinbon Electronics has seen a drop in revenue, as inventory destocking beginning in the second half of 2023 led to slower demand. For the first eleven months of 2024, Sinbon posted NT$30.564 billion (US$940 million) in revenue, a drop of 0.66% compared to the same period in 2023. However, the company is confident about achieving positive growth in 2024 and is eyeing double-digit growth in 2025 driven by applications including green energy, AI, semiconductors, and electric vehicles.