China's Ministry of Industry and Information Technology (MIIT) has approved Geely-backed Zhejiang Geespace Technology to conduct a two-year commercial satellite Internet of Things (satellite IoT) trial, making it the first privately owned Chinese company authorized to advance such services and signaling a further opening of China's satellite communications market to private-sector players.

Samsung Display has resumed construction at its second campus in Asan, South Chungcheong Province, reviving a long-dormant OLED project just as the foldable smartphone market is expected to swing from a weak first half of 2026 to a stronger second half.