The Philippines is trying to enlist Taiwanese chip giants in an effort to expand in semiconductors, a bid to catch up with its neighbors who are emerging as significant suppliers in the industry.

Qualcomm’s Snapdragon Summit 2024 kicked off in Hawaii, where new products are expected to be unveiled, including flagship mobile system-on-chips (SoCs) and automotive computing platforms. The 2G Oryon CPU also made its debut at the event, highlighting Qualcomm’s focus on this core technology.

LG Electronics’ Business Solutions (BS) division plans to nearly double its revenue in the B2B market to KRW 10 trillion (US$7.4 billion) by 2030, focusing on commercial displays and electric vehicle (EV) charging solutions. Despite selling LG Display’s (LGD) Chinese LCD factory, the company assures that this will not significantly affect its operations, thanks to its supply chain diversification strategy.