Taiwan Semiconductor Manufacturing Company (TSMC) has released its financial and strategic plans for the coming year as its board approved its 2024 Business Report and Financial Statements.

Taiwan’s Minister of Economic Affairs J.W. Kuo held discussions with a Kyushu Regional Strategic Council delegation during their visit to Taiwan on February 11, 2025.

In 2024, Taiwan’s smartphone shipments are projected to surpass 5 million units, driven by the expanding influence of generative AI technologies. Despite the challenges of inflation, increasing market penetration, and longer replacement cycles, the demand for AI smartphones continues to grow. With brands introducing more models and implementing innovative AI features like AI agents, the total smartphone shipments in Taiwan are expected to increase by 3-5% compared to 2024, although market share among brands is expected to experience more significant fluctuations.

Supply chain shifts for Apple’s foldable products are taking shape. According to TheElec, Chinese manufacturer Lens Technology is positioned to become the primary supplier of ultra-thin glass (UTG) for Apple’s foldable devices, with US-based Corning likely to provide the raw UTG material.