Horace Luke, the former Nike designer and Microsoft creative director who founded Gogoro in 2011 to revolutionize electric scooters, has reportedly accumulated debts of about NT$150 million (approx. US$4.7 million) and is currently unreachable. This situation has prompted Ruentex Group chairman Samuel Yin to launch an investigation into Luke's overseas assets.
Taiwan's leading automotive power and safety component supplier, Global PMX, has been accelerating its expansion into the fast-growing AI server market while simultaneously advancing into high-value semiconductor and smart medical products. Several new offerings have already entered mass production and shipment, and with additional overseas capacity set to come online, the company is positioning for stronger operational growth ahead.
As Formula One (F1) prepares to introduce new power unit regulations in 2026, the sport faces its most dramatic technical transformation in decades. Recent reports also suggest that Chinese automaker BYD is considering an entry into F1, adding fresh intrigue to the ongoing shift. If confirmed, it would mark the first time a Chinese car brand has formally challenged the "pinnacle of motorsport," and further signals the sport's changing focus, going from raw engine output to sophisticated energy management.
The Formula One (F1) season opened in Australia with a spectacle that was meant to inaugurate a new technological era. Instead, it quickly became a showcase of dominance by one team.
Global PMX released a positive outlook, identifying semiconductor- and AI-server-related businesses as its main future growth drivers, while signaling a gradual decline in its formerly dominant automotive segment. The company said it has actively optimized its product mix as global industry structures adjust.
Although automotive component manufacturer Kwang-Hwa Electronic's primary shipment markets remain China and North America, revenue growth in the US and Mexico has been significant in recent years. Combined revenue from the two regions has increased by more than 25% year-on-year, indicating that the company's overseas capacity expansion is gradually taking effect and helping to ease the pressure from persistent price competition in the Chinese market.
SiliconAuto introduced its XMotiv M3 series microcontroller units at Embedded World 2026, signaling a push to expand collaborations in Europe, CEO Gene Liu said. The company has spent recent years developing its automotive MCU products with customers and partners and is now ready to showcase them in Europe.
Transmission system manufacturer TsangYow has been steadily advancing its presence in high-value sectors such as electric buses, new energy vehicles (NEVs), and semiconductor equipment. As these products enter prototyping and validation stages, the market anticipates that once customer certifications are completed and mass production begins, they will drive the company's next phase of growth.
The Office of the US Trade Representative (USTR) on March 11 launched investigations under Section 301 of the Trade Act of 1974 against 16 major trade partners, including China, the European Union, South Korea, Japan, India, and Taiwan. Taiwan's government said the move was anticipated after the recent Supreme Court of the US ruling that struck down tariffs imposed under the International Emergency Economic Powers Act (IEEPA), prompting Washington to seek alternative legal mechanisms to maintain its tariff framework.
South Korea's leading battery makers showcased next-generation solid-state battery technologies at InterBattery 2026 as the industry pivots to new technologies amid slowing overall market growth. Major battery manufacturers are targeting mass production of solid-state batteries between 2027 and 2029, making product maturity and performance demonstrations the key highlights of this year's exhibition.
Asia Optical reported robust growth in 2025, with net revenue reaching NT$26.446 billion (US$831.1 million), up 15% year-over-year, and operating profit increasing 28%. Despite a fourth-quarter gross margin decline due to exchange rates, inventory adjustments, and material cost changes, the company maintained solid cash flow and zero debt while investing over NT$1 billion in production equipment for future expansion.
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