October's export figures made monthly records, reaching a yearly 11.2%-growth at USD$32.23 billion, reported statistics from the Finance Ministry. The Finance Ministry named three factors buoying October's good performance: digitalization of individual businesses, Apple's new iPhone launch, the nearing year-end shopping season, and businesses re-stocking inventory as the global economy begins ...

The current foundry model production is struggling amid increasing demand, while PMIC has run out of inventory. NB applications like power management IC suppliers have pointed out that the current supply shortage warned the situation would not let up prior before January next year. The power management IC suppliers said the shortage has continued since Q2, and while production has resumed, the...

Taiwan's 2021 manufacturing forecast suggests next year's industry value hit NTD$19.68 trillion, according to the Industrial Technology Research Institute (ITRI) ​​Industrial Economics and Knowledge Center (IEK). IEK reported an industry growth rate at 4.75%, with sectors like metal electromechanical, information electronics, chemical industry, and livelihood industry indicating positive growt...

Financial organizations are largely optimistic regarding Taiwan's economic performance by revising up their economic growth predictions. Analysts say the key is in the domestic and outbound demand rising in tandem and increasing demand for new technologies like 5G applications that have buoyed electronic product orders. However, economists at two international banks pointed out that Taiwan...

Formosa Chemicals & Fibre Corporation (FCFC) announced on Nov. 2 that its long-term strategy of cultivating high-value and diversification has resulted in becoming the first non-Japanese PP supplier to enter TOYOTA's supply chain in Taiwan. FCFC's latest announcement comes after three years of development and gaining Kuozui Motors' verification. The firm's PP materials are now a part of the pr...

The domestic manufacturing sector flashed a "yellow-blue" light in September, which signals a sluggish growth, reported the Taiwan Institute of Economic Research (TIER) last Friday. Despite the think tank's latest statistics, the economy has shown signs of recovery. TIER's economic data also indicates an uptick of 11.49 points, a small increase of 0.39 points than August. September marks th...

The passive components market is seeing a gradual recovery in the second half of 2020. A strong indicator of this sign is from Japanese electronic component manufacturer Murata Manufacturing's latest financial reports. The optimistic outlook suggests increasing demand for passive components, such as MLCC, for smartphones and auto-use parts, industry experts say. Murata executives told the ...

The first round of 2020 Taiwan Excellence Award selections, announced by the Ministry of Economic Affairs and Taiwan External Trade Development Council, saw 31.6% of ICT products advancing, followed by machinery and parts at 19.2%, furniture equipment hardware building materials ranked at third with 12.9%. The award committee will continue selecting the gold and silver award winners, with the ...

A majority of Taiwan's CEO expressed optimism regarding the economy, citing Taiwan's favorable pandemic response as the primary factor, revealed a survey conducted by KPMG in Taiwan. The survey suggested that CEOs felt the business models had borne innovative results in the past few years. The 56% of CEO's optimism is much higher than the regional average of Asia Pacific CEOs (47%) and global ...

Taiwan is slated to surpass forecasts in terms of economic growth for Q3. The Directorate General of Budget, Accounting, and Statistics (DGBAS) is scheduled to release Q3 growth figures on Oct. 30. The directorate general forecasted Q3 growth at 2.01%, though with Taiwan's current positive pandemic response, industry analysts expect the island's economic performance to perform better than expe...