“Taiwan will utilize domestic demand, particularly demand from the public sector and national security needs, as the fuel for our industrial development,” The president Tsai Ing-wen said.The president added that Taiwan would aim to create a strategic materials manufacturing industry with vital industrial chains onshore to ensure self-sufficiency in producing medical and daily supplies, energy and...

What the epidemic showed was the amazing flexibility of Taiwan's machine tool industry. Taiwan, which has allowed the semiconductor industry to specialize in the past, has finally realized that these machine tool industries with amazing strength are the "invisible champions" of Taiwan's economy. In early February, three companies -- Habor Precision, Tongtai Machine & Tool and Taiwan Takisawa -...

Although the local government is still implementing the home epidemic prevention order, Tesla Chief Executive Musk still strongly announced on the 11th that the company's only assembly plant in the United States resumed work. Later, one of the most high-profile showdowns on restarting economic issues. Tesla's only electric vehicle assembly base in the United States is located in Fremont, Alame...

China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at the height of the bilateral trade war, amid continued pressure on Beijing to boost imports from the United States. China’s finance ministry said in a statement the new waivers will take effect on May 19 and expire on May 18, 2021. The latest list waives tariffs on products includi...

The Trump administration is in talks with Intel and TSMC to spur development of new chip factories in the U.S. according to a report in the Wall Street Journal today. Many observers have for years bemoaned the loss of chip manufacturing capacity and expertise in the U.S. Any abrupt move to reinvigorate U.S.-based semiconductor manufacturing capacity, particularly for leading edge products, seems ...

Due to the impact of New Coronary Pneumonia, most of the technology industry trends that everyone was optimistic about at the beginning of this year probably showed signs of delay, but this year ’s development of Mini LED not only has not been delayed, but the development has become more and more hot, mainly due to Apple ’s vigorous introduction of Mini LED in NB and tablet products . Apple is...

Although the escalation in COVID-19 spread worldwide is broadly making consumers less willing to spend, the local car market in Taiwan appears undaunted, with sales rising more than 3.1 percent with 30,822 registered cars in the first quarter of 2020 compared to the same period last year, according to government statistics. Taiwan-based manufacturing giant Hon Hai Precision Industry Co., which...

Taiwan's foreign exchange reserves continued their rise to a new high at the end of April, despite the economic impact of the COVID-19 coronavirus pandemic, taking the country to the fourth spot in forex reserves holdings in the world, the central bank said Tuesday. Taiwan surpassed Saudi Arabia, moving up one notch to fourth place in April, with forex reserves as of April up US$1.397 billion ...

The Ministry of Economic Affairs announced yesterday (7) that the threshold for the relief of manufacturing and technical service industries was "relaxed again", which was originally required to meet the 50% decline in revenue from January to June of this year compared with any of the same period in the past two years. It will now be changed to "Unlimited period". The Bureau of Industry stated th...

During the epidemic, many factories faced problems such as a sharp drop in orders and a shortage of raw materials. Factories with safety consciousness knew how to adjust and take advantage of the situation and invested in automation and upgrading as soon as possible. Chain We Machinery Co., Ltd., an automation equipment supplier for professional factory, serves many industries, ranging from food,...