Electrical terminal, wiring and connector maker K.S. Terminals Inc. expects order visibility to reach Q2, amid strong growth in the EV market as reported at its earnings call last week. The company is looking at two-digit growth for this year's goal, eying significant demand from green energy selections and automotive terminals and charging guns for electric vehicles, notably the latter. In the...

The Ministry of Economic Affairs said today that in February, the industrial production index was 117.49, with an annual increase of 10.01% due to easing supply chain disruptions and chip shortages. This marks the 25-month consecutive positive growth period, also the second-longest in history. The manufacturing index was 119.76, an annual increase of 10.16%, which set a new high for the same ...

If there's a keyword that can be used to summarize the past two years, it would be “digitalization.” Across different industries, companies and suppliers are seeking ways to tap into the post-COVID market, and the furniture sector is no different. Here are two trends we've identified that would and continue to shape the market in the coming year and more. Going Digital While the typical con...

Memory chip maker Mosel Vitelic Inc. is looking to expand business operations into the automotive market by increasing deliveries to 25% from 20% in 2021. Chairman Rebecca Tang and Vice General Manager Deng Chih-da were present at the investor's conference on Wednesday afternoon. Tang said the company enjoyed a steady growth last year due to the global chip shortage, rounding up total revenue ...

Taipei Cycle, which kicked off on March 9 and is scheduled to last until the 12th at Nangang Exhibition Center, SINBON Electronics is one of the few electric assistive bicycle solution suppliers in Taiwan. Together with business partner Axman Enterprise, both companies were able to showcase Taiwan's electric bike capabilities at the show in hopes of entering the global market. Axman Enterprise's ...

According to survey results released by the Taiwan Machinery Association (TAMI) on March 9, nearly 60 machinery manufacturers have been affected since the war between Russia and Ukraine broke out. The initial estimate of the affected orders amounted to more than USD$6.9 million, or approximately NTD$200 million. TAMI Chairman Wei Tsan-wen said that the Russian-Ukrainian war is a global concer...

The Russian-Ukrainian war has severely impacted a number of sectors, including the electronics industry. The world's largest automotive wiring harness manufacturer based in Germany, LEONI, has shut down its factories in Ukraine and Russia due to the war, causing a large shortage of automotive wiring harnesses. After the suspension, Taiwan-funded companies such as Bizlink-KY and Guangyu are expect...

Entering its third year, the COVID-19 pandemic has caused a number of problems among Taiwanese factories operating in Southeast Asia as the countries there suffered through multiple outbreaks, leading to prolonged lockdowns or increased restrictions. For TaiHan Precision Technology, the plastic injection benchmark company pointed out that the coronavirus appears to head towards the endemic st...

When the U.S.-China trade war began in earnest in 2018, Taiwanese industries looked on as orders were transferred out of China to avoid getting hit by tariffs, and were redirected to Taiwan instead. These included the hand tool industry as well. While Taiwanese companies were in a similar boat as the COVID-19 pandemic swept through countries in 2020, Taiwan continued relatively business as usual ...

Originally published in the Economic Daily News by ITRI Aldea AI Collaboration Platform in Mandarin Chinese Translation by Stephanie Chao Editor's Notes: To create hand tools, one must require the equipment to do so. With digital transformation and Industry 4.0 capabilities becoming more and more prevalent across different industries, the incorporation of smart machinery has become a crucial ...