Electroacoustic component manufacturer Merry Electronics passed a resolution on March 17 to purchase 100% of the shares of Japanese manufacturer MWT Holdings from unrelated parties, including the fund J-STAR No. 3 SS, LP, for an amount not to exceed JPY10.28 billion (US$68.65 million). Through the acquisition, Merry will fully own MWT and its subsidiaries.

Chinese electric vehicle (EV) startup Neta Auto has commenced the dissolution of its R&D staff at its Shanghai headquarters, according to industry rumors in China.

Competition for AI hardware deployment is showing no sign of resting with Taiwanese ODMs’ server-related business revenues expected to surge 50% on year in 2025.

The Japanese government has established a Space Strategy Fund (SSF) to subsidize research and development in space technology, aiming to secure a foothold in the emerging new space industry. On March 11, Japan’s Ministry of Education, Culture, Sports, Science and Technology (MEXT) proposed a draft for the SSF’s second phase, with pending proposals expected from the Ministry of Internal Affairs and Communications (MIC) and Ministry of Economy, Trade and Industry (METI).