TAIPEI (TVBS News) — PEGATRON chairman and CSO, T.H. Tung, shared firsthand industry outlook at the shareholders meeting on Thursday (June 15) and felt optimistic about the future development of electric vehicles (EV), 5G connectivity, and potentially 6G technology.
Stressing that the business cycle changes every one to two years, Tung observed that industrial innovations derived from existing products and services, which is why he thinks EV, 5G, and even 6G will "undergo transformative changes in the future, presenting challenges and opportunities for the company."
Jason Cheng, vice chairman and deputy CSO, added that PEGATRON will have mass production for clients by the end of this year or early next year. EV-related business profit is also expected to account for 10% of the company's revenues in 2024.
Regarding ASUS being reported to layoff up to 800 employees, though Tung refused to comment on reports about the Taiwanese manufacturer, he emphasized that PEGATRON has embraced the ESG philosophy and considers employees crucial assets to the company, committing that "layoff is not an option PEGATRON would consider easily."
Addressing plans to attract and keep talent, Tung stressed that although many tech companies worldwide had staff reshuffling over the past year if the business is booming next year, "it will be difficult to find talents since we are now facing aging populations and declining birthrate."