Leader Electronics’ subsidiary, Leader New Energy, plans to kick off construction on a 40-megawatt (MW) E-dReg project by late 2024. Meanwhile, a 99.9 MW E-dReg energy storage project has secured approval from Taipower for grid connection review.

The automotive industry is experiencing a significant transformation with the rise of electrification and connectivity. Despite this shift, the ecosystem is still in the process of maturing. The automotive semiconductor industry continues to be largely controlled by well-established suppliers from Europe, the US, Japan, and South Korea, even as companies like Tesla and emerging Chinese players make their mark.

Taiwan-based pure-play foundry PSMC is building a 12-inch wafer fab for Tata Electronics in India, and Lam Research, eyeing growing Indian opportunities, plans to set up an office at the fab.

LG Electronics has announced a major organizational restructuring aimed at shifting from a product-focused strategy to a solution-driven approach. This strategic realignment seeks to drive sustainable business growth while bolstering the company’s competitive edge.