The Southern Taiwan Science Park (STSP) has reported record-high sales of NT$2.21 trillion (approx. US$67.05 billion) for 2024, rising 39.55% year-over-year, with strong momentum coming from AI-driven demand for semiconductors and other applications.
U-Best Innovative Technology is positioning itself to capitalize on the burgeoning market for foldable smartphones. The company anticipates strong demand for flexible hard coating (HC) materials and is leveraging this technology in its optical film products. Having already commenced shipments, U-Best is engaged in discussions with additional clients, potentially unlocking new market opportunities.
E Ink, a dominant player in electronic paper technology, has designated 2025 as the "Year of Large-Size Color E-Paper," signaling a strategic pivot toward the burgeoning market for expansive displays and marking a transformative phase for the company.
Radiant Opto-Electronics, a top player in backlight module manufacturing, is undergoing a strategic transformation under Chairman Justin Wang. In August 2023, it acquired Finnish optical firm Nanocomp Oy Ltd., followed by the full acquisition of Danish meta-optics company NIL Technology ApS (NILT) in September 2024. These consecutive acquisitions mark Radiant's push into next-generation optical technologies.
In April 2024, AUO officially completed its acquisition of BHTC, marking a significant milestone in the company's future growth trajectory. Nearly a year later, the deal continues to attract considerable attention in the industry due to its implications for AUO's expansion in the automotive sector.
Small and medium-sized panel manufacturers, HannStar and Giantplus, reported strong revenue performances in February, with both companies showing month-over-month and year-over-year growth. Specifically, HannStar's shipments of small and medium-sized panels saw a rebound in February. Meanwhile, Giantplus expects the first quarter to be a slow season. However, the market is more focused on the potential impacts and changes following the exit of its parent company, Toppan Holdings.
Despite the traditionally slow month of February, the panel industry has demonstrated remarkable resilience, with both AUO and Innolux reporting substantial year-over-year revenue increases. The ongoing demand for panels has continued unabated, suggesting that the first quarter of 2025 may not adhere to typical seasonal patterns.
Coretronic reported a consolidated revenue of NT$2.573 billion (US$80.4 million) in February, marking a 10% decline from January's NT$2.856 billion (US$89.2 million) and a 6% drop compared to NT$2.741 billion (US$85.6 million) in February 2024. Cumulatively, revenue for the first two months of 2025 stood at NT$5.429 billion (US$169.6 million), reflecting an 8% year-over-year decrease.
Himax, PSMC and Tata partner to boost India's semiconductor ecosystem
Asia Optical announced its 2024 preliminary financial results on March 4, reporting a consolidated revenue of NT$23.047 billion (US$780.2 million), marking a 29% year-over-year increase. Gross profit reached NT$4.28 billion, reflecting an annual growth rate of 34%.
E Ink has declared 2025 as the "year of large-format color e-paper displays," marking a milestone in the company's expansion into the large-format e-paper displays market. E Ink chairman Johnson Lee stated that as the company officially enters the large-format e-paper sector, it faces new challenges, including quality standards for large displays, mass production scalability, and strategic market expansion.
More coverage
