India launched an incentive scheme to support local production of lithium batteries amid an EV trend in 2021. However, all the approved applicants failed to begin production to avail of the benefits after nearly four years.
Chicony Power Technology, a prominent player in the power supply solutions market, is projecting a cautious start to 2025, with the first quarter likely to be subdued due to ongoing political and geopolitical challenges. However, the company remains hopeful for a stronger performance throughout the year, driven by the launch of high-value product lines, the acquisition of new customers, and the gradual ramp-up of new production capacity in Thailand.
The global compound semiconductor market is projected to reach US$25 billion by 2030, growing at an annual rate of nearly 13% from 2024, according to Yole Group’s Activity Manager Ezgi Dogmus. This surge, fueled by demand in the automotive, telecommunications, and consumer electronics sectors, is set to outpace the broader semiconductor industry.
The concept of digital twins initially emerged in consumer applications for AR/VR/MR, but its future lies in smart manufacturing. Like quantum computing, this is not a technology that will take 20 years to materialize, but a tangible reality within the next decade. Hardware evolution may progress even faster than expected, but the real challenge lies in educating users and making these new technologies mainstream applications.