Shenzhen Xinhao Photoelectricity Technology said on June 22 that it had signed a Letter of Intent with Luxshare Precision Industry Co. to transfer full ownership of its photovoltaic subsidiary, Xinguang Energy Technology (Anhui) Co. The move is part of Xinhao's broader effort to streamline operations, exit underperforming PV assets, and refocus on core businesses such as glass protection panels and hybrid energy storage systems.

Inventec reported modest notebook shipment growth in May and continued strength in its server business, which it expects to remain the primary driver of growth for 2025. The company remains cautious about full-year notebook performance, noting that second-half demand remains uncertain. Nonetheless, it projects a slight year-over-year increase in NB shipments.

Global manufacturing and supply chain solutions provider Flex announced on June 5 a strategic collaboration with the Massachusetts Institute of Technology (MIT) to support its newly launched Initiative for New Manufacturing (INM) — an ambitious, campus-wide effort aimed at redefining industrial production in the US.