Former Tesla APAC Head of Technology Leo Liu is charting new territory with the launch of Xelerate Ventures, targeting startups dedicated to “AI for Good” initiatives. As he extends his reach into markets in the US, Europe, and Singapore, Liu is also eyeing the potential to position Taiwan as a hub for next-generation entrepreneurship, aiming to capitalize on the island’s growing reputation as an “AI Island.”

Nuvoton Technology, which is focused on growing its automotive and industrial control businesses, reported an unusual quarterly loss in the second quarter of 2024.

China is keenly positioning itself as a global frontrunner in autonomous driving technology. Strong government support coupled with intense competition among major cities has cultivated a thriving ecosystem for autonomous vehicle innovation and commercialization.