China’s auto industry is accelerating, driven by soaring demand for electric vehicles (EVs). New figures from the China Association of Automobile Manufacturers report a 9.8% year-over-year increase in new vehicle sales, including exports, reaching 2.59 million units in April. The growth is largely due to a sharp increase in sales of electric and other new-energy vehicles. EVs now account for 49.5% of all new cars sold in China, marking a rise of nearly 10pp from the previous year.

Semiconductor testing interface and equipment provider MPI Corporation delivered a stronger-than-expected first quarter in 2025, driven by robust demand from AI and high-performance computing (HPC) clients. Despite the typical seasonal slowdown, the company reported near-full capacity utilization and double-digit year-over-year growth across key metrics.

Intelligent Epitaxy Technology (IntelliEPI), a supplier of epitaxial wafers, is positioned for strong performance in 2025, driven by increasing demand in the artificial intelligence and defense sectors. The company’s chairman, Yung-Chung Kao, anticipates moderate operational growth in the second quarter of 2025, supported by a positive outlook for orders. However, the supply of indium phosphide (InP) substrates remains a critical variable, with shipments expected to remain balanced. The company’s overarching goal is to achieve an all-time revenue peak for the year.