China’s electronics manufacturing sector has surged over the past decade, driven by the Made in China 2025 (MIC2025) initiative and strong demand from global brands like Apple and Tesla. Domestic contract manufacturers, including Luxshare Precision, Lingyi iTech, and Lens Technology, have increasingly captured business once dominated by Taiwanese firms. Luxshare’s rise, led by chairwoman and co-founder Wang Laichun, often called “the female Terry Gou,” embodies China’s transformation from basic assembly operations to full-system, high-value manufacturing.

Hon Hai Precision Industry (Foxconn) announced on August 4, 2025, that its subsidiaries will dispose of assets at the Lordstown, Ohio facility, as part of a strategic shift in its US operations. The disposal, involving land, factory buildings, and machinery through subsidiaries Foxconn EV Property Development, Foxconn EV Asset Management, and Foxconn EV System, totals US$375 million, with expected gains exceeding US$170 million.

During a keynote address at the Ketagalan Forum in Taipei on August 5, former UK Prime Minister Boris Johnson revealed that he had contemplated enabling the UK to compete with Taiwan in semiconductor manufacturing as early as 2019. While in office, he explored the costs of building a wafer fab in the UK but decided against it due to Taiwan’s superior technological advancements.