The United States has restarted global negotiations on reciprocal tariffs, offering key concessions to major auto-exporting nations—including the European Union, Japan, and South Korea. As part of the revised framework, the US has reduced import tariffs on vehicles and auto parts from 25% to 15%, prompting a mix of relief and recalibration among global automakers.

TSMC is dealing with a high-stakes internal security breach after several employees were dismissed over attempts to leak confidential information regarding its 2nm process technology, according to a report from Nikkei Asia.

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.