Renesas Electronics saw revenue and profit tumble in the first quarter of 2025, hit by ongoing softness in automotive and industrial chip demand. On a non-GAAP basis, Renesas reported consolidated revenue of JPY308.8 billion (approx. US$2.16 billion), down 12.2% from a year earlier. Operating profit declined 26.2% to JPY83.8 billion, while net income plunged 30.8% to JPY73.3 billion.

Taiwanese technology company HTC announced on Thursday a strategic collaboration with US telecommunications giant AT&T, healthcare innovator Mynd Immersive, and rehabilitation services leader Select Rehabilitation. The partnership aims to implement a new generation of immersive extended reality (XR) therapy programs within senior care communities across the US.

Amid preparations by the US to introduce new tariffs on semiconductors and pharmaceuticals, concerns are growing within Taiwan’s semiconductor supply chain. On April 22, 2025, Premier Cho Jung-tai spoke to lawmakers, stating that the Executive Yuan had officially protested the US method of calculating reciprocal tariffs, labeling it unreasonable. He also noted that Taiwan’s government has approved an extensive support package for the industries impacted and plans to continue adjusting these measures to better suit the sector’s changing requirements.