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May 16
Tron Future completes Series A round, targets rapidly growing global counter-drone demand
Tron Future Tech, a Taiwanese startup founded in 2018, has emerged to be a prominent leader in Taiwan's low Earth orbit (LEO) satellite and Counter-Unmanned Aircraft Systems (C-UAS) markets. At the core of the success is the company's independently developed Active Phased Array (AESA) radar technology. Recently, Tron Future announced that it has secured NT$900 million (approx. US$32.4 million) in a Series A funding round led by the government-backed Taiwania Capital and the CID Group, and joined by Industrial Technology Investment Corp. (ITRI's venture capital), Taya Venture, and Taiwan Cooperative Venture Capital.
A space industry veteran is spearheading Taiwan's homegrown rocket and satellite ambitions, navigating a complex web of geopolitics and technical challenges.
In a recent move aimed at bolstering national security measures, the US Commerce Department's Bureau of Industry and Security (BIS) has added 37 People's Republic of China (PRC) entities to the Entity List under the Export Administration Regulations (EAR). What is noteworthy is that quantum technology is specifically mentioned for 22 newly added to the Entity List.
Yung-chung Kao, the chairperson of compound semiconductor manufacturer IntelliEPI, expressed that the market for Gallium antimonide (GaSb) wafers is rapidly expanding.
Ubiqconn Technology is strategically positioning itself to capitalize on the burgeoning prospects of Low-Earth Orbit (LEO) satellite development in Southeast Asia. The company underscores the region's plethora of islands, sparse rural population density, and rapid economic progress as key factors fueling the immense potential for LEO satellite ventures.
In the ever-evolving realm of mobile communications, a seismic shift is underway, propelled by SpaceX's Starlink service. Once dominated by terrestrial networks provided by telecom giants, the industry is now witnessing a paradigmatic transformation as satellite operators and telecom titans navigate a landscape marked by collaboration and competition.
As the Low Earth Orbit (LEO) satellite industry gains traction, Taiwanese suppliers are positioned for success, buoyed by the continued launches from SpaceX and the entry of Amazon's Project Kuiper. With Universal Microwave Technology (UMT) eyeing a potential revenue surge and FIC Global's subsidiary, Ubiqconn, expressing optimism, Taiwan's satellite component manufacturers are poised to capitalize on this burgeoning sector.
Transcom, a Power Amplifier (PA) manufacturer primarily focused on the defense industry, has seen steady growth in its overall operations, benefiting from defense contracts and increasing shipments of microwave communication products. It also has prospects to penetrate the aerospace and commercial satellite communication product markets in the United States and Japan.
EISO, the PCB factory, participated in the Satellite 2024 Conference & Exhibition held in Washington DC, USA for the first time, marking the company's entry into Low-Earth Orbit (LEO) satellite applications. This shows EISO's shift of focus to a high-end application of PCB technology, aside from their continuing efforts on domestic and international markets for electric-assisted bicycles (e-bikes).
Smart wearable and GPS giant Garmin has decided to expand its production into Southeast Asia as part of its long-term strategy for the next 10-20 years, with initial production lines in Thailand to focus on automotive navigation OEM products.
China's relentless push into space technology is setting the stage for a high-stakes competition with the United States. As the space race heats up, China's rapid advancements in low-Earth orbit (LEO) satellite technology are increasingly putting pressure on America's long-held supremacy.
In the wake of SpaceX's groundbreaking success with Starlink, China is gearing up to launch its own rendition of the satellite constellation, leveraging its formidable aerospace prowess and technological might.