Escalating US sanctions aside, China has launched a national artificial intelligence (AI) industry investment fund worth CNY60 billion (approx. US$8.2 billion), according to reports from Yahoo Finance and the South China Morning Post.

China is broadening its ambitions from drone supremacy to the aerospace sector, aiming to challenge the dominance of European and American firms. Experts suggest that this endeavor is part of a larger geopolitical strategy where aerospace capabilities are intertwined with national security considerations.

In response to increasing market growth driven by ongoing global energy issues, Arch Meter held a ceremony on January 15 to inaugurate its new Xiangshan plant. Once fully operational, the production capacity of smart meters will gradually increase from the current 40,000 units per month to 80,000 units per month.

India-based EMS supplier Dixon Technologies reported significant increases in sales and profit over the past quarter, driven by a doubling in mobile phone manufacturing sales following acquisitions, such as Ismartu’s Indian assets. Additionally, the company, having established a display assembly factory with China’s HKC, plans to capitalize on the India Semiconductor Mission 2 to build a display fab.