The global bus industry is entering a new phase where competition extends beyond vehicle models to encompass organizational and operational transformation. Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Foxconn Technology Group have announced the establishment of a new, jointly owned bus company, signaling a fundamental restructuring of Fuso’s bus business that moves beyond their earlier zero-emission vehicle (ZEV) collaboration, set for August 2025. This marks Foxconn’s transformation from parts supplier to vehicle manufacturer—a shift with significant implications for Japan’s public transport decarbonization and the broader electric vehicle sector.

South Korea’s total export value surpassed US$700 billion for the first time in 2025, with Vietnam remaining the third-largest trading partner and the second-largest source of South Korea’s trade surplus. Booming semiconductor exports largely drove the growth.

TSMC is now worth US$1.7 trillion. The chip giant has surpassed Broadcom and Meta to become the world’s sixth-largest company. But the milestone has triggered fresh concerns in Taiwan.

Nvidia, on January 26, unveiled a new family of open-source AI models aimed at making weather forecasting faster and less expensive as part of the company’s broader push to provide open-source software.