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Foxconn reported record sales of NT$615.75 billion (US$20.6 billion) in May, an 11.92% increase year-on-year, driven by higher iPhone shipments. Despite a 3.99% decline from April, the company anticipates growth in Q2, bolstered by strong performance in AI servers and a strategic pivot beyond consumer electronics.
Yageo plans to implement strict controls to safeguard technology if its acquisition of Japan's Shibaura Electronics succeeds, addressing national security concerns. The Taiwanese firm, which specializes in chip resistors, is in a bidding war with Minebea Mitsumi, having raised its offer to 6,200 yen per share. Yageo aims to enhance its product portfolio and expand Shibaura's market access while ensuring compliance with Japan's Ministry of Economy, Trade and Industry.
Amazon is set to invest over $5 billion in establishing a new AWS region in Taiwan. This significant investment underscores the company's commitment to expanding its cloud services and infrastructure in the region, enhancing technological capabilities and economic growth.
Japan is considering emergency rice imports and other measures to stabilize soaring rice prices, which have doubled in the past year, ahead of key elections. The government plans to release 600,000 metric tons from its emergency stockpile and may utilize its annual quota of 100,000 metric tons of tariff-free rice. Meanwhile, the U.S. Treasury has urged the Bank of Japan to continue tightening monetary policy to address the yen's weakness and support economic rebalancing.
Apple has appointed Tata Group to handle after-sales repairs for iPhones and MacBooks in India, replacing Wistron Corporation. This partnership, which expands Tata's existing collaboration with Apple, aims to capitalize on the growing smartphone repair market, projected to reach $12.57 billion by 2032. Despite a decline in India's overall smartphone market, Apple has seen significant growth, achieving a 23% increase in shipments in Q1 2025, driven by the popularity of premium devices.
San Jose-based Allay Therapeutics has secured $57.5 million in a Series D financing round led by Lightstone Ventures and Temasek’s ClavystBio, with participation from existing and new investors. The funds will support a Phase 2b trial for ATX101, an investigational analgesic for post-surgical pain management in knee replacement patients, with results expected in Q4 2025. This investment reflects growing interest in the pain management market, projected to reach $109.9 billion by 2028, and highlights a shift towards non-opioid therapies amid changing regulatory landscapes.
Amazon Web Services (AWS) has launched its first cloud region in Taiwan, the Asia-Pacific (Taipei) Region (ap-east-2), featuring three availability zones. This expansion enhances AWS's global network to 117 availability zones across 37 regions, supporting sectors like education, healthcare, and finance while addressing local data residency needs.The $5 billion investment reflects Taiwan's strategic position in global tech, particularly in semiconductor production, and is expected to drive digital transformation across various industries. As the cloud services market rapidly grows, AWS aims to maintain its 31% global market share against competitors like Microsoft Azure and Google Cloud.
The U.S. Treasury Department has urged the Bank of Japan (BOJ) to continue tightening its monetary policy to address the yen's weakness and promote a rebalancing of trade. The report highlights that Japan's ultra-low interest rates contribute to the yen's depreciation against the dollar, with the BOJ's gradual rate hikes being closely monitored. Despite recent increases, economists expect the BOJ to maintain steady rates through September, with a potential hike by year-end.
The Biden-era semiconductor grants are being renegotiated under President Trump to enhance taxpayer value, with potential cancellations of some awards. The Chips and Science Act allocated $52.7 billion to boost U.S. semiconductor production, as firms like TSMC and Intel received funding. TSMC has increased its U.S. investment commitment from $65 billion to $165 billion, reflecting a shift towards demanding more private investment for government funding amid a declining U.S. market share in semiconductor manufacturing.
TSMC has delayed the construction of its second wafer fabrication plant in Kumamoto, Japan, due to local traffic congestion complaints linked to its first facility. The company is in discussions with the Japanese government to address these issues before proceeding, with no revised timeline provided. This delay reflects broader challenges in semiconductor manufacturing, including labor shortages and regulatory hurdles affecting global expansion efforts.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Foxconn reports record May sales and anticipates growth in Q2
02:30 08.06.2025
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