In recent weeks, the shooting incident involving Donald Trump, combined with President Joe Biden's gaffe that raised public concerns about his cognitive health, led to Biden announcing he would not seek re-election and would support Vice President Kamala Harris as the Democratic candidate.
Under the current geopolitical climate, the trend toward localized production is set to continue for some time. Yet Hon Hai Precision (Foxconn) is seemingly bucking the trend, instead increasing its investments in new businesses in China. What factors lie behind this decision?
China's central government has approved Shanghai's plan to build 29 gigawatts of offshore wind capacity, as the city works to cut emissions to meet Beijing's ambitious climate targets.
Composite materials are gaining significant momentum across various industries, particularly in aerospace, automotive, and offshore wind energy sectors. Renowned for their high strength, lightweight properties, and corrosion resistance, these materials offer compelling advantages.
Joe Biden, President of the United States, has announced his withdrawal from the 2024 presidential election, creating shockwaves in the current political landscape and significantly increasing the possibility of Donald Trump's return to the White House.
South Korea's SK Group, previously considering a restructuring of its battery business, is now moving forward with a significant merger between SK Innovation (SKI) and SK E&S. This merger is set to create a major energy company with assets worth KRW 100 trillion (US$72.5 billion).
Hydrogen energy, lauded for its superior thermal properties and negligible carbon emissions, is garnering attention from governments, corporations, and investors as a pivotal component in the shift toward low-carbon energy solutions. Jason Chen, Chairman and CEO of Acer, revealed that the company is delving into hydrogen power generation, engaging in discussions with several firms, and planning to initiate operations in regions with higher electricity prices.
The rapid deployment of AI servers by cloud giants is set to dramatically increase power consumption in the coming years. However, this technological advancement presents both challenges and opportunities in the realm of energy management. Anson Chiu, president of Lite-On Technology, recently shed light on this complex issue at the 2024 Innovation Forum, discussing the theme "Lighting up an Intelligent and Sustainable Island."
Chinese firms in the solar power industry are accelerating their expansions into the Middle East, establishing an ecosystem covering both upstream and downstream sectors.
With trade barriers from Europe and the US against Chinese solar imports, the Middle East, which is currently moving toward clean energy transformation and enjoys good trade relationships with China, has emerged as a crucial outlet for China's solar capacity expansion.
Google's latest environmental report reveals a significant increase in carbon emissions, primarily driven by the company's efforts to integrate AI functionalities and expand data centers. This development raises concerns about Google's ability to meet its 2030 net-zero emissions target.
The global rare earth supply chain is undergoing a restructuring as countries actively invest in the sector to reduce their reliance on China, especially for permanent magnets used in electric vehicles, wind turbines, and drones.
Highlighting Taiwan's strategic plan for achieving net zero emissions by 2050, Dr. Hsing-Juh Lin, an expert in marine ecology at National Chung Hsing University, emphasized the significance of nature-based solutions like mangrove restoration.
At the forefront of Taiwan's renewable energy revolution are the island's escalating energy needs and the imperative shift from fossil fuels to cleaner alternatives. Taiwan's ambitions to establish a thriving hydrogen energy industry remain an uphill battle, hampered by an inadequate renewable energy supply, lack of infrastructure, and policy gaps.
The global solar industry is on the brink of a significant transformation as the transition from P-type PERC to N-type TOPCon solar modules gains momentum.
The soaring valuations of Software-as-a-Service (SaaS) companies that characterized the last decade have come crashing down, according to Jerry Yang, general partner at Paris-based VC firm HCVC. Speaking at InnoVEX 2024, Yang outlined the end of the SaaS valuation bubble and its implications for hardtech investments and Taiwan's tech industry.
South Korea's semiconductor industry is warning that a future power shortage could cripple the capital region's sprawling semiconductor hub, which represents a total investment of KRW622 trillion(US$454 billion). Compounding the issue, there is still no concrete plan to transfer substantial power from the East Coast and Honam region.
Battery maker LG Energy Solution will enhance its plant in Michigan to strengthen the facility's role as the mother factory in North America. The South Korean company is building another plant with General Motors in the same US state. The industry has been paying attention to whether the project will delay volume production or have a different focus.
Blue carbon refers to the carbon captured by the world's oceanic and coastal ecosystems. Protecting and restoring coastal ecosystems like mangroves and seagrass meadows has been heralded as a way to achieve net-zero emissions goals by storing vast amounts of "blue carbon."
Indian solar energy company Orb Energy has reduced its reliance on Chinese components by over 20% in recent years, in line with the general trend of diversifying supply chains.
