Tong Hsing Electronics Industries saw automotive products contribute to 66% of its revenue in the first quarter of this year.

Topco Quartz Products (TQP) is a joint venture between Topco Scientific (TSC) and Shin-Etsu Quartz. TQP's new plant in southern Taiwan, whose opening ceremony was held on April 18, will dedicate all of its capacity to TSMC, boosting the firm's capacity by 50% and potential annual revenue by NT$2 billion (US$61.59 million).

The demand for LED products is gradually warming up following a period of inventory adjustments in the market. While LED companies experienced a general decline in revenue for February 2024, they have been bolstered by steady demand in consumer and automotive applications. Ennostar and Everlight Electronics reported a double-digit year-on-year growth in cumulative revenue for January and February, with performance in the first quarter of this year poised to see year-on-year growth as well.

Tata Electronics Private Limited (TEPL), a subsidiary of India's Tata Group, is planning to invest US$11 billion to establish India's first 12-inch semiconductor fabrication plant in Gujarat, a state along the western coast of India with the ninth largest population in the country. This marks a significant milestone for the "Make in India" initiative and opens many doors for further Taiwan-India collaboration in Taiwan's academia and industrial sectors.

As global geopolitical tension, economic instability, and persistent inflation affected the recovery of consumer products, Coretronic's shipments and revenue declined in 2023. However, the commencement of mass production at its second Vietnamese factory in February is expected to boost the business this year, and more significant growth is expected in 2025. Overall, since some of Coretronic's projects would only officially commence in the fourth quarter of this year, a stronger growth momentum is anticipated in 2025.

As the 2024 Mobile World Congress (MWC) draws to a close, it is apparent that AI has dominated the show. Numerous generative AI applications were showcased, beyond the AI smartphones and AI PCs that are already the industry's focus. AIoT applications, such as wearables, smart homes, and smart cities, have also burgeoned as wireless technologies are put in place.

AUO is accelerating its efforts in MicroLED technology to secure a leading position in the next-generation display market. The company anticipates its automotive products to enter mass production between 2026 -2027. Industry sources reveal that AUO's clients in the automotive industry include major automotive manufacturers such as BMW, Audi, and Mercedes-Benz.

Demand for foldable smartphones continues to surge as companies like Samsung Electronics, Huawei, and Oppo release new products, significantly boosting market sales and leading to exponential growth in the demand for ultra-thin glass (UTG).

Taiwan-based E Ink Holdings (EIH), a provider of e-paper solutions, has launched a recruitment initiative to hire an additional 150 individuals for capacity expansion over the next 2-3 years. This is part of a broader expansion plan that includes increasing production lines and office buildings.

Taiwan's top three IC design firms, MediaTek, Novatek Microelectronics, and Realtek Semiconductor, have vast IP core portfolios to deliver customized chip services. However, with the industry's rising focus on ASIC (application-specific integrated circuit) services, it's apparent that the firms' attitudes and strategies differ.