Posiflex revenue soars 46% in Q2 due to strong demand
Posiflex Technology reported a significant increase in its second-quarter revenue, up 46% to NT$5.183 billion (US$160.3 million).
Tuesday, September 1, 2026
News in Brief
Short updates, all on one page — read straight down like a newspaper.
Arcadyan expands into satellite supply chain
Taiwanese networking equipment maker Arcadyan Technology is expanding its market beyond residential broadband to include smaller operators before targeting top-tier customers.
MediaTek targets high-single-digit revenue growth, 20% ASIC share by 2027
MediaTek CEO Rick Tsai announced at an investor conference on July 31, 2026, that the company aims for high-single-digit revenue growth and expects to achieve a 15-20% share of the cloud ASIC market by 2027.
Elite Material reports record profits due to AI demand
Taiwan-based CCL maker Elite Material reported record revenue and profit in the second quarter of 2026, driven by strong demand for advanced materials used in AI hardware.
Tandem OLED passes key automotive test
OLED technology has cleared a significant hurdle in the automotive industry, with advances in Tandem OLED improving its lifetime and reliability. Industry experts predict wider adoption of automotive OLED displays after 2030.
PFA seals milk shop and restaurant in Lahore
The Punjab Food Authority (PFA) sealed a milk shop and a renowned restaurant, imposing fines totalling Rs439,000 on 17 food businesses during an operation in Badami Bagh and Liberty areas of Lahore.
Board of Peace releases Gaza ceasefire roadmap
The Board of Peace has published a 15-point 'roadmap' for implementing US President Donald Trump's Gaza ceasefire plan, including provisions for Hamas's disarmament and Israel's response.
Tech giants focus on optics and packaging at OCP summit
At this year's OCP APAC Summit in Taiwan, technology companies like TSMC, Applied Materials, and Microsoft are prioritizing discussions on optics and advanced packaging infrastructure over servers.
PM meets WB to discuss economic reforms
Prime Minister Shehbaz Sharif chaired a meeting with the World Bank delegation in Islamabad on July 31, 2026, focusing on implementing economic reforms.
Oil prices rise as Iran halts ships in Strait of Hormuz
Oil prices increased on Friday following Iran's announcement that it has stopped ships from passing through the Strait of Hormuz.
Lite-On invests in DenseLight Photonics for optical communications
Lite-On Technology has invested US$34.3 million for a 21% stake in Singapore-based DenseLight Photonics, enhancing its capabilities in optical communications for AI data centers.
Liberia dismisses officials following major cocaine seizure
Liberian authorities have dismissed several officials in the wake of a record cocaine seizure worth $336 million, amid calls for greater accountability and swift progress in the investigation.
Fifa plan faces setback as senior advisor resigns
Fifa President Gianni Infantino's plans have encountered a significant obstacle with the resignation of a senior advisor, joined by opposition from the Asian Football Confederation.
WASA officials tackle rainwater at Khayam Chowk
WASA officials are working to drain accumulated rainwater at Khayam Chowk following heavy rainfall in the city.
Oil prices steady despite US-Iran tensions
Oil prices remained stable on Friday, as Hormuz shipments offset Middle East tensions and US-Iran talks failed to yield significant breakthroughs.
Houthi leader threatens full escalation as Saudi Arabia forms Red Sea coalition
Houthi leader Abdul-Malik al-Houthi warned of an all-out response hours before Saudi Arabia announced a new multinational maritime defence coalition involving 14 countries, including Pakistan, Turkey and Egypt.
Powerchip Semiconductor chairman Frank Huang dies at 76
Powerchip Semiconductor Manufacturing Corp. announced that its chairman, Frank Huang, passed away peacefully in his sleep due to cardiopulmonary failure on July 31 at the age of 76.
FIFA to continue private investment consultations
FIFA has stated its intention to proceed with consultations for a plan that would allow private investors to purchase stakes in a potential commercial subsidiary, despite facing strong opposition from UEFA who have threatened to boycott FIFA competitions.
UK invests £8 billion in nuclear submarines
The UK has announced an investment of £8 billion for the construction of four Dreadnought Class nuclear-powered submarines by defence contractor BAE Systems.
AI demand shift from compute to pricing
For three years, the main constraint in artificial intelligence was the amount of compute capacity hyperscalers wanted to buy. However, recent filings show that the current constraint has shifted to pricing, indicating a new dynamic in the market.
Climate change increases likelihood of wildfires in Europe
A study by the World Weather Attribution found that climate change made recent wildfires in France and Spain twice as likely in France and 20 times more probable in Spain.
Heavy rain disrupts Abbottabad
Heavy rainfall and strong winds caused flooding and traffic disruptions across Abbottabad on Friday, inundating major roads in the city.
Security and administrative checks for Chehlum procession
Deputy Commissioner Muhammad Awais Mushtaq and District Police Officer Dost Muhammad inspected the route of the main Chehlum procession on Friday to review security and administrative arrangements.
ASE increases 2026 capex to US$10.5 billion
Chipmaker ASE Technology Holding has raised its capital expenditure budget for 2026 to a record US$10.5 billion, reflecting strong demand for advanced packaging and testing in AI-related technologies.
Taiwan tech association elects cybersecurity expert as new chairman
The Monte Jade Science and Technology Association of Taiwan (MJ Taiwan) has elected Maverick Shih, the chairman of Acer Cyber Security (ACSI), as its 13th chairman following a board meeting on July 30.
MPA donates modern sports equipment to Shikarpur Complex
MPA Imtiaz Ahmed Shaikh has provided modern sports equipment to the Sports Complex in Shikarpur.
PPP and PML-N hold meeting to prevent disputes
PPP chairman Bilawal Bhutto-Zardari met with Prime Minister Shehbaz Sharif in Islamabad on June 24, 2025, to discuss preventing potential conflicts.
Amazon’s Zoox获美国批准开展商业机器人出租车服务
US transportation authorities have approved Amazon’s Zoox to operate commercially on a limited basis, making it the first paid robotaxi service in the country.
Helium shortage threatens chip production
Shifting export conditions and a realignment of supply from Qatar to the United States are threatening access to helium, essential for advanced chipmaking.
Hamas agrees to disarm in deal with Israel
Palestinian militant group Hamas has confirmed an agreement with Israel for the group's disarmament, leading to a gradual Israeli troop withdrawal from Gaza Strip.