Copper clad laminate (CCL) maker Iteq held its 2026 annual general meeting on Thursday, with Chairman Dennis Chen saying that the continued deepening of generative AI applications, faster cloud computing and data center expansion, and steady growth in demand from new energy-related industries are boosting demand for high-end electronic materials and high-frequency, high-speed printed circuit board (PCB) markets.
The US reduced Section 232 tariffs on Taiwan auto parts from 27.5% to 15%, a move that Taiwan auto parts manufacturer Tong Yang Industry said would improve competitiveness and restore parity with rivals in Europe, Japan and South Korea. Tong Yang described the decision as positive for Taiwan's auto parts industry and said it should lower import costs for US customers and support future demand and orders.
ProLogium, a leader in next-generation solid-state batteries, and Translational Development Acquisition Corp (TDAC), a special purpose acquisition company, have announced a definitive business combination agreement. Upon closing in the second half of 2026, ProLogium stated that the combined company will be named ProLogium Technology and is expected to trade on the Nasdaq under the ticker symbol "PRLG." The transaction values ProLogium at approximately US$3.8 billion on a pre-money, net cash-free basis.
Sino-American Silicon Products (SAS) held its shareholders meeting on May 26 and completed a full board overhaul, with founder Mingguang Lu stepping down as a director and Hsiu-lan Hsu being re-elected chairwoman. Lu will continue supporting the group as honorary chairman as SAS deepens its generational transition and diversified growth strategy.
Tsang Yow, a major drivetrain manufacturer, expanded into high-end semiconductor equipment and planned a Malaysia production ramp-up in the fourth quarter of 2026 after posting 2025 consolidated revenue of NT$10.5 billion (US$334 million), up 0.3% year on year, with gross margin rising to 33% and net profit attributable to the parent company of NT$140 million. Earnings per share were NT$1.36, and executives said product-mix optimization, equipment replacement, inventory reduction, and tighter cost control drove the margin improvement.
Dreame Technology, a Chinese consumer electronics maker, has formed nearly 1,000 affiliated companies in its ecosystem since the end of 2024. This breakneck pace of expansion signals the ambitions of its leadership to unearth growth opportunities across the broader Chinese tech sector, although some media outlets question the sustainability of the business model.
Yulon Motor Group outlined its 2025 results and 2026 outlook at its annual shareholders' meeting on May 27, announcing continued domestic production and export pushes while deploying artificial intelligence (AI) to strengthen competitiveness and drive transformation. The company reported that 2025 stand-alone revenue was NT$16.655 billion, operating profit was NT$529 million, net profit was NT$979 million, and earnings per share were NT$0.93, while consolidated revenue for 2025 reached NT$72.355 billion with net profit of NT$3.594 billion and EPS of NT$0.93.
Xiaomi placed AI at the center of its first quarter 2026 strategy, saying it will "take the agent as the core" of a new OS approach and pushing its MiMo model and token plans to drive product adoption and monetization across phones, cars, IoT, and robotics.
Gogoro has issued a statement mourning the death of Ruentex Group president Samuel Yin, who passed away peacefully at Taipei Veterans General Hospital in the early hours of May 26 at the age of 76.
In recent weeks, Stellantis, one of the world's five largest automakers, unveiled an ambitious five-year plan titled Fastlane 2030. At its core is a striking reallocation of capital: 60% of its EUR60 billion (approx. US$69.8 billion) investment program will be directed toward North America.
Kian-Shen Industrial, a unit of Yulon Motor, reported on May 26 that 2025 consolidated revenue fell to NT$1.246 billion, a 15% decrease from the prior year, as customer labor shortages, design changes, and delayed production schedules weighed on electric bus chassis volume. Executives said mid-to-large vehicle chassis deliveries began to recover in the second half of the year but volume gains remained limited.
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