Although still leading in OLED panel production globally, South Korea now faces a fierce challenge from China’s rapidly advancing display panel industry and this shift has sent shockwaves through South Korea’s tech sector, prompting urgent calls from Korean experts for government support and increased investment to maintain its competitive edge.

Recent rumors suggest that Apple is conducting research and development for its first “foldable iPhone,” with a potential release targeted for 2026. Industry sources believe that if Apple officially enters the foldable smartphone market, it could pose a significant challenge to current market leader Samsung Electronics while also potentially expanding the overall market.

Despite President Joe Biden’s recent announcement of his withdrawal from the 2024 race and his endorsement of Vice President Kamala Harris, Taiwan-based supply chain companies remain optimistic about their resilience in the face of political changes. The upcoming US presidential election has sent ripples through the global tech industry, with Taiwan’s semiconductor sector preparing for potential shifts in the political landscape.