Taiwan Association of Machinery Industry Chairman Wei Tsan-wen warned with China's power shortages and the subsequent impact on raw material prices, delivery for key parts will see extensions and affect Taiwan's well-performing machinery production and exports in Q4. Wei pointed out that despite the power shortages and production cuts of resource-intensive steel materials, steel prices remain ...

SEMI is slated to host the SEMICON Taiwan 2021 on Oct. 13, with a focus on smart healthcare. Notable speakers from Medtronic, and onsemi, a globally-renowned medical device company that was featured two consecutive years on Fortune, and three Taiwanese smart healthcare startups JelloX Biotech, Singular Wings, and Neurobit. Topics will revolve around the market and technologies trends in the globa...

The increasing risks of China's power outages have impacted Taiwanese business operations. Chenbro Micom, a server housing manufacturer based in Dongyuan and Kunshan, Chairman Chen Mei-chi warned that companies should brace themselves, as the shortages of power and workers will become long-term issues. Chen pointed out that factories will need to consider operation designs to be as power-effic...

Auto terminal maker Hu Lane Associate Inc. announced on Wednesday a partnership with global vehicle seat maker LEAR Co., which will result in a joint venture based out of Yangzhou, China. Hu Lane is looking to enter the international automotive manufacturing supply chain, expand LEAR's vertical integration reach, and expand its own terminal product reach into the global automotive manufacturin...

Auto parts suppliers relying on air freight to make timely deliveries could become a common practice in the future, industry watchers say, as the COVID-19 pandemic has disrupted the world's supply chains. As sea freight congestion has made deliveries unreliable, auto parts and even newly produced vehicles would become common passengers on air freight for market launch. Since early 2020, ve...

Market survey institution IHS Markit revealed its lowest expectations yet for the automotive market in the past nine months. Due to chip shortages and delayed chip packaging, global production will fall below five million units for passenger cars this year. The Malaysian lockdown of the country, which began in early June, was a major contributing factor that worsened supply chain issues, IHS p...

Taiwan's machinery and machine tool industries reported a stunning report card despite setbacks last year while the rest of the world was in lockdown due to the COVID-19 pandemic. The global economy's reopening in the first half of 2021 was also a boon for semiconductor production equipment, machine tools, and mechanical transmission equipment demands. According to Taiwan's Economic Ministry stat...

Construction demand is at an all-time high, even amid rising prices and shortages of materials. The Directorate General of Budget, Accounting, and Statistics under the Executive Yuan released its latest statistics on Friday, indicating that the August Construction Cost Index (CCI) increased 13.57%. This is largely due to international scrap metal prices increasing, with steel rising around 50...

Food security concerns and global government policies are driving the demand for LED grow lights, specifically North America's medical and recreation-use marijuana markets, TrendForce's new 2021 Global LED Market Report-LED-grade packaging, and LED products for 2H21 has found. The increased demand has led to an explosive uptick in 2020's global grow light LED market, rounding up the industry v...

Aside from the ongoing chip shortage situation that shows no sign of abating, despite chip makers investing in new factories, industry experts believe could last well into 2022. Automotive brands across the board have announced additional factory downtime; among these companies include Toyota, which worryingly reported cutting back 40% production of its output. It appears that chip shortages shou...