On February 21, leading ASIC design service and silicon intellectual property (IP) provider Faraday held its earnings call. The company’s fourth quarter of 2024 gross margin declined by 3.6% due to product mix impacts, causing a 26.2% year-over-year decrease in after-tax net profit, marking the lowest point in three and a half years. The company’s full-year after-tax net profit stood at NT$236 million (approx. US$7.1 million), also a decline compared to 2023.

Foxconn, through its subsidiary New Wing Interconnect Technology (Bac Giang), has acquired a 25% stake in Goertek Electronics Vietnam for US$50 million, announcing the deal on the evening of February 21. Foxconn stated that the investment is primarily strategic.

Taiwan’s quantum technology initiatives are gaining momentum, with parallel developments in both industrial and scientific domains.