Rising chip and copper prices are rapidly increasing cost pressure on LG Electronics.
LED packaging maker Everlight Electronics said it will sell its Tongluo plant in Miaoli to Sinbon for NT$3.458 billion (US$108.5 million), a move expected to strengthen its capital allocation as it shifts investment toward higher-growth businesses. The company also said its new Thailand factory, built partly to reduce geopolitical risk, is scheduled to begin mass production in the second half of 2027.
Global auto sales in the first half of 2026 show Toyota still firmly in first place, while the gap between No. 2 Volkswagen and No. 3 Hyundai Motor Group has narrowed sharply. Volkswagen's heavy dependence on China has dragged sales lower, while Hyundai Motor Group has held up through diversified geopolitical exposure, local production, and a flexible product mix. Market attention is now turning to whether Hyundai Motor Group is on the verge of overtaking Volkswagen for the No. 2 spot.
Mitsubishi Motors will launch its new all-electric SUV, the ASX VR-e, in Australia and New Zealand in the fourth quarter of 2026, with the model supplied through contract manufacturing by Foxconn-backed Foxtron Vehicle Technologies. The move marks the first time a Taiwan-made EV will enter the sales channel of a global legacy automaker under a white-label arrangement.
Aftermarket (AM) parts and automotive camera maker Hushan Autoparts saw its first-half 2026 operations impacted by US tariff policies and surging memory and IC prices, though long-term growth trends remain unaffected, said chairman Yingzhi Chen. He added that the company's focus in the second half will be new factory capacity, a new drone camera business, and investments in Japanese auto parts makers, with the aim of entering the original equipment (OE) and AM markets.
Global PMX said its semiconductor business is emerging as the main growth driver and is expected to continue expanding through 2027, while automotive sales remain steady and are expected to improve as the global auto market recovers. The company also said its workforce is still rising, reflecting stronger shipments from Vietnam and Zhejiang plants.
Ledlink Optics Inc. posted consolidated revenue of NT$353 million (US$10.97 million) in the second quarter of 2026, up 16% quarter-over-quarter and 7% year-on-year, marking its second-highest result for the same period in 11 years. A ramp-up in shipments for new automotive projects, a higher mix of value-added products, and continued optimization of its product and customer order structure lifted operating profit to NT$4.24 million (US$132,000) and net profit attributable to the parent company to NT$5.65 million (US$175,000), with earnings per share (EPS) at NT$0.1, ending its five straight quarters of losses since the first quarter of 2025 and returning the company to profitability.
