Quanta Chairman Barry Lam announced that the company will shift toward independent research and development, moving beyond contract manufacturing. While acknowledging the risks, Lam said Quanta’s strong profitability provides the foundation for this transformation. “This metamorphosis must happen,” he said. “Otherwise, we will forever remain a worm, never a butterfly.”

FIC Global, Inc. (FICG), a leading optical communication module provider, is accelerating its Southeast Asia expansion as momentum builds around the Johor-Singapore Special Economic Zone (JS-SEZ). The company has announced plans to establish a new production base in Johor, Malaysia, to meet customer demands for diversified manufacturing locations and capitalize on the zone’s first-mover benefits.

Wingtech Technology announced its 2024 full-year and 2025 first-quarter results on April 25, underscoring an accelerated shift toward its semiconductor business. Wingtech posted 2024 revenue of CNY73.598 billion (US$10.1 billion), up 20.23% compared to the previous year, while swinging to a net loss of CNY2.833 billion due to impairments tied to its product integration (ODM) business after being added to the US Entity List.

China’s CATL, the world’s largest battery manufacturer, has unveiled a next-generation sodium-ion battery—nicknamed the “salt battery”—sending shockwaves through South Korea’s battery sector.