The Taiwan-based machinery sector, which relies heavily on exports and is therefore highly vulnerable to global influences, is facing significant challenges, particularly from geopolitical tensions and the push for net-zero emissions.

Fortune Electric’s subsidiary, Evalue, is set to expand its charging pile network across Taiwan, aiming to install 3,700 units by the end of 2026, which could secure over 30% of the domestic market, according to CEO I-Sheng Hsu. He indicated at a charging pile launch event in northern Taiwan on August 23 that the company might consider an initial public offering (IPO) once the charging business turns profitable.

Following the AI standardization guidelines unveiled in June, China established its first institute for AI standardization in Beijing, aiming to lead the development of local and global efforts in the area.