Carbon-Based Technology recently delivered its “Albatross II” drone to Taiwan’s Chung-Shan Institute of Science and Technology (NCSIST) alongside Air Asia Company Limited (AACL). However, due to budget constraints for next year that have halted production, the company’s plans for scaling up the advanced drone are temporarily on hold. Despite the setback, Carbon-Based Technology states it has readied production capacity and will now target high-demand commercial markets in Northeast and Southeast Asia.

Chang Wah Electromaterials (CWE), a Taiwan-based semiconductor materials distributor, has reported revenue and profit margin increases for the third quarter of 2024, driven by stronger demand from customers and higher prices for packaging materials. The company is optimistic about future growth momentum.

Following recent layoffs at its Hillsboro, Oregon research facility, Intel is reportedly planning to cut hundreds of employees across its research centers in Israel. The company’s ongoing workforce reduction, combined with its current financial challenges, raises concerns about its future prospects and may create opportunities for competitors like Nvidia to acquire skilled talent.