South Korea’s exports surged to a record-breaking US$683.8 billion in 2024. Semiconductor exports played a pivotal role, reaching US$141.9 billion, setting a new high and driving overall export growth. Meanwhile, the country’s imports totaled US$632 billion, reflecting a 1.6% decrease compared to the previous year, resulting in a trade surplus of US$51.8 billion.

TSMC has reported consolidated sales of NT$278.163 billion (US$8.44 billion) for December 2024, surpassing prior financial projections and market anticipations. This figure represents a 0.8% increase from November and a substantial 57.8% rise compared to the same period in the previous year. TSMC’s revenue for 2024 totaled approximately NT$2.89 trillion, representing a 33.9% increase compared to 2023.

Chinese foundries have stepped up 12-inch fab capacity expansions, which is poised to result in more heated price competition in the mature process market in 2025, according to industry sources.

Taiwan’s power industry is undergoing a profound digital transformation, spurred by the decentralization and liberalization of the electricity market. Established companies are keen to develop renewable energy innovations, while startups seize opportunities in this evolving landscape. Increasingly, players across the sector are focusing on intelligent solutions to stay competitive and navigate the energy transition.