NIO founder warns China’s auto market could shrink by 20% this year
Foxconn chairman maps out Taiwan’s global AI and manufacturing expansion strategy
Taiwan’s electronics industry is stepping up its global ambitions as AI, data center infrastructure, and advanced manufacturing reshape supply chains. Speaking at the Chinese National Association of Industry and Commerce (CNAIC) on June 18, 2026, Foxconn chairman and Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) chairman Young Liu outlined a strategy that combines overseas industrial parks, AI-driven transformation and next-generation factory automation.
SiC cuts AI data center costs; 5% efficiency gain saves US$5 billion
AI data center boom drives Taiwan passive component makers to record sales
SpaceX acquires Cursor to bolster xAI and court AI developers
SpaceX has agreed to acquire AI coding tool developer Cursor for US$60 billion, in a deal that underscores how competition in the AI industry is extending beyond foundation models into the application layer and developer ecosystems. The purchase gives SpaceX direct access to enterprise customers, developer communities, and high-value code data instead of rebuilding a product from scratch. Markets see it as a key addition to Elon Musk’s AI strategy.
Unitree IPO tests China’s bet on low-cost humanoid robots
Unitree Robotics is heading toward a Shanghai listing with a pitch drawing attention well beyond China: humanoid robots can be built cheaply enough, and at enough scale, to begin taking on narrow labor tasks.