Oppo unveils flagship foldable smartphone Find N5, aims for growth despite market slowdown

Oppo launched its flagship foldable smartphone, the Find N5, in Singapore on February 20. Billy Zhang, Oppo’s president of Overseas Marketing, Sales, and Services, noted that while foldable device shipments have fallen short of expectations recently, the product line holds substantial growth potential. He anticipates demand for foldable devices could double in the next three to four years.

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EU approves funding for Infineon’s Dresden fab under European chip incentive

According to Infineon’s press release, the European Commission has approved funding for Infineon’s Smart Power Fab in Dresden under the European Chips Act, with expected approval from Germany’s Federal Ministry for Economic Affairs and Climate Action in the coming months. The fab also benefits from the European Commission’s IPCEI ME/CT program, totaling about EUR1 billion (approx. US$1.05 billion) in funding. Construction began in March 2023, and the facility is set to open in 2026.

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Taiwanese networking firms harness AI tailwind for growth

The surge of artificial intelligence (AI) is prompting Taiwanese networking companies to seize emerging opportunities. Accton is actively expanding into areas such as all-optical communications and AI accelerators, while Senao Networks has teamed up with Intel to enter the standard server market. Sercomm is also diligently exploring growth potential in sectors like the smart grid and the Internet of Things (IoT).

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