J&V Energy Technology, an ECP (engineering, construction, procurement), operation and maintenance undertaker for PV power generation projects, will set up an energy storage system with an installation capacity of 100MW in northeastern Taiwan, the largest one so far in Taiwan, according to the company.

Global supply chains remain disrupted as the COVID-19 pandemic enters the third year and the war in Ukraine creates chaos in Europe-Asia transportation. Expert Mark Millar said the disturbance offers companies an opportunity to reevaluate their sourcing and production, considering a more regional approach going forward. He also expects global supply chain reconfiguration to last through 2025 to 2030, with some businesses nearshoring and reshoring.

High-frequency microwave device maker Universal Microwave Technology (UMT) has reported gross margin hit a record high of 47% in June.

LED backlight unit (BLU) maker Darwin Precisions has disclosed it is investment of NT$1.0 billion (US$33.9 million) to expand production capacity for LCD monitor module at its factory in Xiamen, China.