INPAQ Technology, a unit of PSA Walsin Technology, reported that revenue and profit in the first quarter of 2026 fell year on year, citing a supply-demand imbalance in the memory market and sharp raw material price increases. The company said it expected a gradual recovery in the second half of 2026 as industry inventories normalized and new products and customers began contributing. INPAQ also outlined a strategic shift to deepen its antenna businesses and expand passive components for AI servers and high-performance computing.

US automakers are shifting major battery investment away from electric vehicle traction packs and into stationary battery energy storage systems as policy changes and grid needs have altered market incentives, executives said. The move has accelerated in recent months as the expanding US BESS market and federal and local “Made in the US” subsidies have made large-scale stationary storage a more immediate commercial opportunity than some EV segments.

Galatek Technologies has opened a manufacturing, assembly, and delivery center in Penang, marking the AI-enabled automation and semiconductor equipment supplier’s first manufacturing site in Malaysia.