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...

Keysight, a major measurement equipment manufacturer, named four major technological trends that must be focused on in the future on Thursday, which included 5G/6G, autonomous driving, quantum and high-performance computing, and implementing digital twins. However, Keysight believes that the electric vehicle ecosystem must adopt common standards and that implementing digital twins will change the...

The Taiwan Machine Tool & Accessory Builders' Association held a general member meeting on Oct. 14, which saw the attendance of major machine tool brands in Taiwan. Top machine tool supplier Hiwin Group President Cho Yung-tsai pointed out that although the market demand in mainland China has slowed down recently, the orders received in Europe, America, Japan and other regions all showed consid...

With the U.S. interest rate hike policy remaining unchanged, the Russian-Ukrainian war is showing no signs of stopping, and in addition, the exchange rate of the Japanese Yen and the Korean Won has greatly depreciated; these multiple factors present challenges to Taiwan's machinery industry. Domestic companies, including Goodway Machine, Tongtai, Kao Fong, AirTAC, Hiwin, and other machine tool...