Recent advancements in communication technology have lowered barriers in the space industry, enabling commercialization and attracting a wave of innovative players. While Taiwan-based companies acknowledge that the space sector, previously a highly exclusive domain, was long considered out of reach, with many companies not even daring to dream of participating. However, thanks to disruptive innovators like Starlink reshaping the market, the doors are now open for Taiwan-based manufacturers to take up the challenge.

Megvii Technology, one of China’s original “AI Elite Four” which specializes in computer vision and deep learning, announced its application for an initial public offering (IPO) on the Shanghai Stock Exchange Science and Technology Innovation Board (STAR) has been withdrawn.

Luxshare Precision, a key Chinese partner of Apple, is expanding its production capacity in Vietnam through a significant enlargement of its Nghe An facility. The workforce is expected to grow from 12,000 to 60,000–80,000, reinforcing its position in Apple’s global supply chain.

Ubiqconn Technology, a Taiwan-based satellite equipment manufacturer and systems integrator, demonstrated its expertise at the 2024 Taiwan International Assembly of Space Science, Technology and Industry (TASTI 2024), held from November 30 to December 4 at the Kaohsiung Exhibition Center. Executive Vice President Paul Hsieh, who will take on the CEO role in 2025, led the team at the event, marking his debut appearance.