Sharp's ex-CEO Jeng-wu Tai has taken legal actions against Foxconn and its founder Terry Gou, demanding more than NT$1 billion (approx. US$30.52 million) in remuneration from a bonus agreement. While the lawsuit is a "labor dispute," it calls attention to the important role that Sharp's Sakai Display Products (SDP) once played in Japan's LCD panel industry
Recent reports revealed that some companies are facing delays in exporting production line equipment, prompting businesses to temporarily suspend customs procedures, which leads to growing concerns across the supply chain
Despite the Chinese government's series of measures to revitalize the economy, the overall effect has been inadequate. Domestic Chinese MCU producers also present a stiff challenge to Taiwanese manufacturers. Both of these reasons slow Taiwan's MCU industry's recovery, according to industry sources
Following TikTok's ban in the US (though it was reinstated just a day later), China's RedNote (international version of Xiaohongshu) quickly gained popularity in the US, becoming the top free app on the Apple App Store. This phenomenon has caught the attention of American media amid TikTok's ongoing acquisition negotiations
Once a trusted lieutenant of Foxconn founder Terry Gou, Jeng-wu Tai, the former vice president of Foxconn and ex-CEO of Sharp Corporation, has recently initiated legal proceedings against his former colleague over an unfulfilled incentive contract
The sudden resignation of Honor CEO George Zhao has raised some eyebrows, as the Chinese smartphone brand's market share continues to decline. Analysts believe that Honor's major shareholders are dissatisfied with Honor's weak sales performance ahead of its IPO
China's display giant BOE has completed its 11th board election, marking the start of a succession process for the company valued at over CNY160 billion (US$22 billion). At 60 years old, Chairman Yanshun Chen will retain his role but is transferring the CEO position to Qiang Feng, signaling a generational transition
Chinese tech circles have been abuzz with news that Xiaomi is contemplating the acquisition of EV maker NIO, which will allow NIO to make major strides in battery swapping technology and operational scope, while Xiaomi can benefit from improved charging pile deployment
In response to US sanctions and subsidies benefiting American chipmakers, China has announced countermeasures targeting the industry. Among the few American companies dominating this space, Texas Instruments (TI) stands at the forefront of China's investigation
Chinese Vice President Zheng Han met billionaire Elon Musk and other US business figures, underscoring Beijing's efforts to set a positive tone in ties with the US before Donald Trump returned to office
Inceptio Technology, a Chinese developer of self-driving technologies for heavy-duty trucks, is exploring an initial public offering in the US as soon as this year, people familiar with the matter said
ByteDance's Doubao has emerged as a leading contender in China's competitive AI chatbot landscape. In December 2024, Doubao achieved an impressive 29% growth in downloads, reaching 9.9 million—the highest among all AI chatbot apps in the country, according to Bloomberg Intelligence (BI) analysts Robert Lea and Jasmine Lyu
The mobile phone ODM industry continues to grapple with significant challenges, including pressure from both suppliers and customers, while being characterized by labor-intensive processes and low profit margins. In response to persistent losses, leading companies like Huaqin and Wingtech have begun pursuing new growth opportunities
Socionext, a Japanese IC design house, is advancing plans to develop semiconductor products utilizing 2nm process technology in North America. While the company considers Rapidus, currently developing 2nm mass production technology, as a potential manufacturing partner, it maintains a robust partnership with TSMC
LG Electronics has embarked on a strategic transformation in 2024, shifting its focus toward non-hardware businesses and B2B operations. The company has enhanced investments in automotive parts, heating, ventilation, and air conditioning (HVAC), embedded appliances, commercial displays, and the webOS platform. Through this strategic pivot, LG aims to achieve over 7% growth in revenue, operating profit margin, and EBITDA
