Foxsemicon Integrated Technology Inc. (FITI), a subsidiary of Foxconn specializing in semiconductor equipment, is expanding its footprint in Thailand with a THB10.5 billion (approx. US$311 million) investment. Approved by the Thailand Board of Investment (BOI), this initiative aims to bolster Thailand’s semiconductor industry, which is rapidly becoming a regional hub for advanced manufacturing.

China’s domestic electric vehicle (EV) sales have maintained a penetration rate of over 50% for four consecutive months, reflecting strong growth in the domestic market, according to the China Association of Automobile Manufacturers (CAAM) on December 11. However, exports of pure EV have shown worrying signs, with only 58,000 units shipped in November—a month-on-month decrease of 43.8% and a year-over-year decline of approximately 29.2%. The drop is believed to be linked to the European Union’s recently imposed heavy tariffs on Chinese EVs.

AI has accelerated the transformation of all industries, providing tremendous opportunities for hardware infrastructure players. However, the market is optimistic that “second phase beneficiaries” will include software companies.