Research institute TrendForce's newly released study outlined that due to the COVID-19 pandemic, the demand for technology products was consistent since Q2 last year, however, shortages threaten to upend the status quo. Shortages in 2021 are primarily exacerbated by Samsung's (SDC) phasing out its LCD production, as well as continual shortages for parts in the upstream IC supply chain, accordi...

With the advent of auto-technology, Market Intelligence & Consulting Institute (MIC) emphasized that global traditional car factories are accelerating their investment and R&D capabilities in developing three trends: electrification, smart-capabilities, and service-oriented tech. MIC's senior industry consultant and substitute director Hung Chun-hui made the remarks while speaking at the COMP...

Electric vehicles (EV) and related technologies were the major highlights at this year's Taipei AMPA show. For instance, the pavilion from the mobility Taiwan Automotive Research Consortium (mTARC), an entity under the Economic Ministry Department of Industrial Technology, showcased EV and self-driving vehicle technologies developed by domestic companies and research institutions. Among their...

Taiwan Machine Tool & Accessory Builders' Association (TMBA) Chairman Hsu Wen-hsien said on Wednesday that the most worryingly concern the domestic COVID-19 outbreak posed to the industry would be the potential impact on the supply chain. A shortage of the workforce and the longer delivery time would mean that customers may gradually switch orders, Hsu said. Any advantages that Taiwan gained o...

Since the beginning of this year, the prices of various raw materials including steel, petrochemicals, cement, paper pulp, glass, etc. have been rising simultaneously. However, market watchers have pointed out that the latest trends are not short-lived, and could be here to stay. The raw material market has been reorganizing for a period of time, leading to many low-end production capabilities be...

As the global auto market continues its transition into the electric-powered future, the auto parts sector will need to brace itself against not only the new trends but also the next hurdle to overcome. The pandemic has unveiled just how fragile just-in-time production can be: while it's convenient and manageable, it's also vulnerable to disruptions, and the automotive chip industry's unrelenting...

Taiwanese electronics manufacturer Foxconn Technology and electric carmaker Fisker Inc. signed a deal on Thursday to develop and manufacture a new electric vehicle slated for mass production in Q4 of 2023. The type of vehicle was not identified, though reports indicated it would be a lightweight platform created by the two companies under the MIH platform framework. The price tag should be pri...

Taiwan's machine tool industry is experiencing a squeeze from all fronts as the COVID-19 situation in Taiwan and overseas is worsening. Taiwan Machine Tool & Accessory Builders' Association Chairman Hsu Wen-hsien remarked that while the industry reported order visibility well into Q3, exchange losses, rising costs for shipping, materials, and labor shortage made it difficult for suppliers to pr...

Due to the ongoing COVID-19 pandemic, commercial office spaces are seeing a huge overhaul as teleworking makes its mark in the corporate sector. CBRE Taiwan Consulting and Trade Service manager Chen Song-min analyzed that since work is now not limited to office spaces, flexible office space lease packages are on the rise. Chen emphasized that this new type of flexible office space leasing will...

Taiwan's hand tools industry reported strong performances in 2021 Q1, with export value reaching USD$1.114 billion, marking a 26.87% growth. Exports to the U.S. ranked the highest in terms of the destination country, around 38.21%, putting confidence in the region. The Biden administration is continuing the China policy from the Trump era, which has been viewed to be generally favorable for Ta...