eLAND to debut on Taiwan OTC in May, riding AI search boom across four core sectors

Taiwan-based software firm eLAND Information, with nearly two decades of experience in semantic analysis and opinion search technologies, is set to list on the over-the-counter (OTC) market in late May 2025. The move is backed by growing demand for AI-driven search solutions in four key sectors: public governance, digital marketing, security and intelligence, and financial supervision.

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Mitsubishi taps Foxconn-Yulon JV for EVs aimed at Oceania, production set for 2026

Mitsubishi Motors said on May 7 that it signed a memorandum of understanding (MOU) with Foxtron Vehicle Technologies—a joint venture between Foxconn and Yulon Motor—to jointly develop and supply electric vehicles. Under the OEM agreement, Foxtron will design the EV, while production will be handled by Yulon, with both sides planning to finalize a formal contract in due course.

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Why Apple’s road to ‘Made in India’ is longer than it looks

Despite surpassing analysts’ forecasts for both revenue and profit in its fiscal second quarter, Apple CEO Tim Cook expressed caution about the months ahead, citing growing uncertainty from US-China trade tensions and tariff risks. In response, Apple is accelerating efforts to diversify its manufacturing base, working closely with partners like Foxconn to shift more production to India and Vietnam.

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Chinese panel makers cut output amid weak demand and US tariffs

A combination of rising US tariffs, reduced benefits from China’s “trade-in” subsidy program, and mounting inventory challenges has prompted Chinese panel makers to scale back production during the five-day May Day holiday. This measure aims to support prices, which have remained relatively flat since the end of April, preventing a sharp drop amid slowing purchasing activity from television brands.

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Fujifilm reportedly building semiconductor materials factory in India; initial supply is for Tata Electronics’ wafer plant

According to Nikkei, Japanese semiconductor materials maker Fujifilm reportedly plans to set up a factory in Gujarat, India, aiming to start production by 2028. The company expects to acquire land by 2025 and begin construction in 2026, with several billion Japanese yen investment. The plant will produce chemicals for semiconductor processing and developer solutions, initially supplying Tata Electronics, part of the Tata Group, which is building a semiconductor fab in Gujarat with Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC).

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Taiwan’s smartphone slump darkens: AI buzz fails to lift 1Q, 2Q outlook dims

Taiwan’s smartphone shipments dipped slightly in the first quarter of 2025, as extended upgrade cycles and saturated market penetration offset enthusiasm around AI-powered models. Second-quarter prospects remain weak, with monthly shipments expected to stay below 400,000 units due to seasonal demand lulls, rising tariff risks, and currency headwinds from a strengthening New Taiwan dollar.

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