09 Apr
Latest News and Trends

Foxconn Industrial Internet reports record profits in 1Q25, with server revenue growing over 60% year-over-year

Foxconn Industrial Internet (FII), a subsidiary of Foxconn, is poised for significant revenue and profit growth in the first quarter of 2025, driven by improving shipments of next-generation AI servers and stable market demand. This promising performance is expected to positively impact Foxconn’s overall financial results.

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09 Apr
Latest News and Trends

Taiwan’s Minister of Economic Affairs dismisses merger rumors between GlobalFoundries and UMC

Since taking office, President Donald Trump has wielded tariffs as a tool to disrupt global trade. On April 9, Taiwan’s Minister of Economic Affairs, J.W. Kuo, addressed these major shifts in international trade during a legislative session in Taiwan’s Economic Committee. However, lawmakers focused on rumors of a potential merger between GlobalFoundries and United Microelectronics Corporation (UMC), prompting Kuo to clarify that while he would not comment on market rumors, he firmly believes such a merger is not feasible.

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09 Apr
Latest News and Trends

Taiwan’s tech giants shine as Trump’s tariff tempest rages on—But for how long?

As US President Donald Trump enforces reciprocal tariffs internationally, global financial markets experience turmoil, particularly affecting electronics hardware manufacturers. Despite this challenging environment, the March 2025 revenue reports of major Taiwan electronics companies, such as Foxconn, Quanta, Wistron, Wiwynn, and Mitac, have all exceeded expectations, with many achieving record-breaking results. Inventec also performed better than anticipated.

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09 Apr
Latest News and Trends

ITRI urges Taiwan industries to pursue ‘blue ocean’ markets with tech innovation amidst tariff headwinds

While the aggressive US tariff policy is heaping heavy pressure on Taiwan’s industrial operations and strategic planning, Edwin Liu, president of the Industrial Technology Research Institute (ITRI), emphasized that Taiwan must turn this crisis into an opportunity for transformation. He urged Taiwanese industries to avoid destructive price wars in saturated markets and instead target niche or “blue ocean” opportunities, leveraging the island’s technological strengths to stay ahead.

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09 Apr
Latest News and Trends

Taiwanese AM auto parts firms see challenges and opportunities in US tariffs

The latest US tariffs have caused widespread anxiety among automotive manufacturers around the world, as complete vehicles and components imported to the US become targets. Amid this uncertainty, Taiwanese aftermarket (AM) component makers have remained relatively optimistic. Tong Yang Group and Hushan Autoparts have both reported results for March 2025, while also sharing their views on the impact of US tariffs.

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09 Apr
Latest News and Trends

China’s automotive industry accelerates consolidation as external pressures close in

In response to significant upheavals in both domestic and international environments, China’s automotive industry is rapidly consolidating. This includes the long-rumored mergers among state-owned enterprises (SOEs), which are becoming increasingly clear. Meanwhile, foreign automakers with relatively weak manufacturing capabilities in new energy vehicles must expedite partnerships with Chinese companies; otherwise, their survival space in the Chinese market may be further squeezed.

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09 Apr
Latest News and Trends

TSMC reportedly under US investigation over Huawei; Taiwan pushes back on speculation

The US Department of Commerce is reportedly investigating TSMC for letting chips enter Huawei’s AI products, potentially resulting in a fine as high as US$1 billion. Taiwan’s Minister of Economic Affairs, Jyh-huei Kuo, addressed the rumors on April 9, stating that TSMC maintains strict compliance with international regulations and that the Ministry has not received any official notice regarding the investigation. Kuo refrained from commenting on what he described as unverified speculation.

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