These are in-depth pre- and post-show reports on major international trade fairs, held in Taiwan and other countries with significant participation by Taiwanese manufacturers and exporters. They are offered to help global buyers and other readers better understand what is going on at the fairs and the latest offerings by Taiwanese exhibitors.
Taiwan's smart machinery investment tax credit, which is set to expire at the end of this year, is on the verge of receiving an extension with broader applicability and enhanced benefits. The Ministry of Economic Affairs (MOEA) is preparing an amendment that would expand the scope of the tax credit to include artificial intelligence (AI) and net-zero emissions initiatives. Additionally, the propo...
"Taiwan's machine tool industry is facing an unprecedented crisis," stated Chuang Tai Li, Chairman of the Taiwan Association of Machinery Industry (TAMI). He highlighted the challenges posed by the continuous depreciation of the Japanese yen, which has led to Japanese companies dominating orders for Taiwan's high-end models. Simultaneously, low and medium-end models face fierce competition from m...
China has announced the suspension of ECFA tariff benefits for Taiwan's machinery products, prompting concern from the Taiwan Association of Machinery Industry (TAMI). "The most unfortunate outcome has occurred," TAMI lamented. Preliminary estimates suggest the impact will extend beyond losing 8% to 10% tariff benefits; the most significant consequence will be a decline in market share for Taiwan...
In a strategic move to propel Taiwan's woodworking machinery industry towards greater intelligence, connectivity, safety, sustainability, and efficiency, the Ministry of Economic Affairs, Industrial Development Administration unveiled "The Promotional Project for Industrialization of Smart Machinery." This initiative aims to bridge technological gaps in hardware and software through intelligent p...
Amidst fierce global market competition, the manufacturing industry grapples with a host of unprecedented challenges, including technology loss, talent migration, and the shift from long to short supply chains. According to American technological research and consulting firm Gartner, smart manufacturing will become ubiquitous in the manufacturing industry, with approximately 80% of Internet of...
Amidst the gradual economic recovery, industries worldwide have weathered the storm by embracing smart manufacturing, digital transformation, and AI. These advancements have not only ensured survival but have also underscored the profound impact of cutting-edge technologies on global development. In an interview with Economic Daily News, Tsai Ya-Hui, Deputy Section Chief of the Mechanical and ...
According to the international market research firm MarketsandMarkets, smart manufacturing is projected to retain its top position in the Artificial Intelligence of Things (AIoT) application market in 2025, with an estimated market size of $80 billion. Following closely behind are digital twin and AI technologies, with market sizes of $19.7 billion and $17.2 billion, respectively. In an interv...
Faced with the prevailing downturn in the industry, the Taiwan Machine Tool & Accessory Builders' Association (TMBA) has presented the government with five proposals. The objective is to bolster the competitiveness of the industry's exports and attract new orders. TMBA highlighted that over 80% of Taiwan's machine tools and accessory products are globally exported. In the face of formidable in...
The Industrial Technology Research Institute (ITRI) reported careful consideration of the domestic and foreign political and economic situations at its "2023 Taiwan Manufacturing and Semiconductor Industry Prosperity Outlook Press Conference," where the institution released the forecast results of the 2023 Taiwan Manufacturing and Semiconductor Industry Prosperity Outlook. ITRI revised the ma...
After Nike's inventory was reported at higher levels than market expectations, German sporting goods giant Adidas followed suit and lowered its financial forecast for this year. As a result, Taiwan's footwear industry is expected to slow down in the fourth quarter regarding orders and shipments, with unclear visibility for 2023 Q4. Taiwan's top garment manufacturer Top Star-KY admitted that th...