Samsung Electronics has implemented the Overall Performance Incentive (OPI) reward system for over 20 years. In response to employee demands and to retain talent, the company is reportedly planning a comprehensive reform to enhance transparency and predictability in bonus calculations

The US presidential election has injected fresh uncertainty into global supply chains. Taiwan broadband communication equipment maker Sercomm's chairman James Wang warns that companies must diversify their manufacturing footprint to mitigate risks, a costly strategy that increases inventory and lowers factory utilization

SiC chip prices in China are expected to fall by as much as 30% in the next two years, according to industry sources

Japan-based Orbray plans to go public by 2029, aiming to raise up to JPY 10 billion. The company intends to strengthen production at its Akita factories and targets JPY 40 billion in revenue by 2029, driven by its diamond and sapphire substrates and ventures in the medical field

Samsung Electronics announced its financial results for the second quarter of 2024, reporting revenue of KRW74.07 trillion (approximately US$53.3 billion) and an operating profit of KRW10.44 trillion

Taiwan Fertilizer Company (TFC) is accelerating its industrial transformation by forging new partnerships with major international firms from Japan and South Korea, focusing on ammonia energy collaborations

Samsung Display (SDC) and LG Display (LGD) are planning to incorporate their tandem OLED technology into OLEDoS (OLED on Silicon) solutions for next-generation micro OLED displays, aiming to widen their lead over Chinese competitors

Automotive component supply-chain stakeholders say they are seeing the disruptions brought by the Russo-Ukraine war on the international industry gradually fading

Volkswagen has reached a new agreement with Xpeng Motors to jointly develop in-car systems for the Chinese Electric Vehicle (EV) market, strengthening their existing partnership

Under the continuous efforts of companies like Huawei, Xiaomi, Vivo, Honor, and Oppo, China's mobile phone market is finally experiencing a long-awaited revival

BYD has initiated a fresh price war in China's electric vehicle (EV) market, continuing to pressure its competitors by leveraging its production scale, according to market sources in China

In the wake of rising geopolitical tensions, Taiwan-based high-tech companies are accelerating their expansions beyond China, which used to be the base for most of their offshore manufacturing plants

SK Hynix has announced board approval for a KRW9.4 trillion (approximately US$6.77 billion) investment to construct its first plant and related operational facilities at the Yongin Semiconductor Cluster in South Korea. Construction is set to begin in March 2025, with completion targeted for May 2027. The project aims to meet the growing demand for AI-related memory

American voters are set to decide their new president in November. One of the major powers of the US president is the ability to alter the direction of federal agencies with a few executive orders and appointments, and these alterations can have major impacts on tech companies

LG Innotek recently showcased a prototype of AR glasses equipped with waveguide technology, garnering significant attention