Best known for assembling iPhones, Foxconn is now seeking a larger role in the global EV industry. Its push into vehicle production and international partnerships could turn electric mobility into a major new revenue driver.
Facing looming U.S. tariffs, Taiwan has rolled out a NT$93 billion support package to help traditional industries absorb the shock and speed up technological and market upgrades. The pressure is also prompting manufacturers to rethink production strategies and competitiveness.
Taiwan’s ICT prowess is steering a new course into automotive electronics, with companies like Carota and oToBrite leading innovations in over-the-air updates, smart cockpits, and autonomous vehicle tech. Backed by a complete semiconductor ecosystem and rising global demand for intelligent, connected cars, the sector is set to more than double in value by 2028.
