Taiwan-based IC-design houses are eyeing emerging AIoT application markets to help sustain future sales as chip demand from the traditional sectors such as handsets and notebooks has weakened, while the wearable device and tablet sectors are unlikely to expand significantly, according to industry sources.

China-based makers produced 312,000 new energy vehicles and sold 299,000 units in April 2022, increasing 43.9% and 44.6% respectively on year, according to China Association of Automobile Manufacturers (CAAM).

Amid a China-plus-one supply chain landscape, Apple reportedly tells suppliers to expand production outside China, while electronic products, including PCs, tablets, and wearables, are delivering a rapid growth in India.