Garmin, the global leader in GPS navigation and smart wearables, has announced its 2024 financial results, reporting a record-breaking revenue of US$6.3 billion, marking a 20% year-over-year growth. All five of its product divisions reached all-time high revenues.
Fueled by the surging demand for CMOS Image Sensor (CIS) components in intelligent driving systems and consumer electronics, Will Semiconductor (WillSemi), the company behind OmniVision, has in recent years eclipsed its American and Japanese rivals to emerge as China's dominant supplier of sensor components. Orchestrating this remarkable ascent is the low-profile yet formidable Renrong Yu.
The wave of layoffs sweeping through the global automotive industry shows no sign of slowing, with major international Tier 1 suppliers--Germany's Continental, Bosch, and ZF--bearing the brunt of the downturn.
The global electric vehicle (EV) market is evolving rapidly, and Japan's legacy automakers are at the center of the latest industry shakeup. Following the collapse of the Honda-Nissan partnership, reports suggest that a new "four-party collaboration framework" may be in the works.
US-based electric vehicle (EV) startup Nikola has recently filed for bankruptcy protection, a move that comes as no surprise to industry insiders, who view the company as having reached an inevitable dead end.
Delta Electronics is ramping up its robotics expansion in India, unveiling the D-Bot collaborative robot (cobot) series at ELECRAMA 2025 to enhance its competitive edge in smart manufacturing and energy infrastructure.
Suzuki Motor Corporation unveiled its new mid-term business plan in February 2025, detailing an ambitious investment of JPY4 trillion (US$26.5 billion) through the end of March 2031. The plan aims to position India at the heart of the company's strategy, as it seeks to establish a robust growth foundation in emerging markets across the Global South.
Fastener manufacturer Spec Products (Spec) held a pre-listing performance conference on February 19, 2025, during which chairman Zephyr Chang stated he hopes the company will become the TSMC of the screw nut industry.
Cultural differences have long complicated Renault's collaboration with Nissan and Mitsubishi Motors, raising the possibility that the French automaker may strengthen its ties with Geely instead. Against this backdrop, Foxconn appears less interested in taking sides than in finding common ground.
China's automotive market remains caught in an intense price war, with competition becoming increasingly cutthroat over the past two years. This has forced weaker brands out of the market one by one. Industry projections suggest that by 2025, the dust will begin to settle, revealing a new turning point.
Following BYD's debut of its "God's Eye" intelligent driving system, the already limited supply of 8-megapixel (8M) automotive CMOS image sensors (CIS) has quickly become a shortage, according to industry sources in China.
Taiwan's leading automotive fastener manufacturer, Spec Products Corp, maintains strong confidence in its US market competitiveness despite current tariff policies. The US represents over 60% of Spec's shipments, establishing it as the company's dominant export market.
The rapid rise of AI-driven applications in smart healthcare, semiconductors, and data storage has pushed many Taiwanese companies traditionally focused on automotive components to undergo strategic transformations in recent years, achieving significant milestones along the way.
Founded in 1983, Hushan Autoparts has been a global leader in manufacturing automotive door handles for the aftermarket (AM) sector for over 40 years. In 2018, the company encountered growth challenges, leading chairman Ying-Chih Chen to pursue diversification for further expansion.
US President Donald Trump has announced plans to impose a 25% tariff on imported automobiles, pharmaceuticals, and semiconductor chips, a decision that could disrupt global supply chains and intensify trade tensions, according to Bloomberg and Reuters.
As the world's largest aftermarket (AM) car door handle manufacturer, Taiwan-based Hu Shan Autoparts has been actively advancing its "AM 2.0" product strategy in recent years. This initiative targets the mid-to-high-price market by offering premium upgraded components, aiming to enhance both quality and profitability.
Honda and Nissan scrapped merger talks after failing to agree on terms, marking an abrupt end to what could have been a landmark consolidation in Japan's auto industry. The negotiations, which began in December 2024, were seen as a survival strategy amid intensifying global competition.
Despite being traditionally an off-season month, multiple Taiwanese automotive aftermarket (AM) supply chain players, including Iron Force Industrial and Orange Electronic, achieved record-high revenue for January 2025. This growth was fueled by strong demand in the North American AM sector and ongoing enhancements in automotive safety standards.
With smart reading lights and starlight roof features gradually expanding from high-end to mainstream vehicle models, Shining Victory Motor Electronic (Shining Victory) remains optimistic about sustained market growth in 2025. The company aims for high double-digit revenue growth while also targeting double-digit profit increases.
Europe's industrial control and automotive sectors remain sluggish, with weak demand and excess inventory likely delaying recovery until the second quarter of 2025, according to IDMs and IC distributors. Recovery remains uncertain, with global macroeconomic conditions and potential trade policies under Donald Trump adding further volatility.
Taiwan's automotive market has entered a stable growth phase, with electric vehicles (EVs) and high-end models showing the most significant expansion. The global momentum for new energy vehicles continues to strengthen, with supply chain players expressing confidence in strong market performance for 2025.
Transmission system specialist Tsang Yow has continued to maintain close partnerships with established carmakers, Tier 1 component suppliers, and after-market (AM) service suppliers. In addition, the company has made progress in its semiconductor layout, with sustained expansion and investments in Southeast Asia.
The proposed merger between Honda and Nissan has reached an impasse, while Renault is preparing to reduce its 36% ownership in Nissan. This development has sparked speculation about potential new investors, notably Apple and Foxconn.
Foxconn chairman Young Liu dismissed speculation about a potential Nissan acquisition, emphasizing that the company seeks collaboration rather than equity control. "Acquiring shares is not our primary goal," Liu said.
