IV. Affected by competitions, regulations and macroeconomic environment
Due to the uncertainties of U.S.-China trade war and geopolitics, plus the quarantine policies executed by countries across the world in preventing COVID-19 in 2020, the overall electronic technology supply chain and even the global economics were tremendously impacted. However, ITEQ Corp. involved in 5G business operations was benefited by the progressive 5G network deployment of China. Yet, we must be cautious and react carefully to the trade war and the post-epidemic.
Going forward, the Company will treat the upcoming challenges with positive attitude and cautious actions under the macroeconomic uncertainty. Furthermore, the demands on high speed transmission are still growing, and global data traffic is substantially increasing. Internet service providers and the telecoms will also upgrade equipments to fulfill the demands of low latency, high reliability and high-speed computing. Thus, the demands for high-end materials of high-speed and low-loss products will increase tremendously. ITEQ Corp. will be benefited by these opportunities and continue leverage the leader position to expedite the operation development plan.
In order to strengthen the market competitiveness in the modern world, the Company will keep on devoting in R&D technologies advancement and patent expansion. ITEQ Corp. appreciates each of your upport, and will put all the effort to bring the most shareholders’ value to you.