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 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...
With its moniker of the “Hand Tools Kingdom,” Taiwan has continued to ride on a robust competitive outbound performance. From focusing on OEM, the hardware industry is now venturing into R&D and developing brand awareness. The sector is also more likely to deal with orders in a group than the past’s individualistic approach. While the rest of the world continued to grapple with the COVID-19 outbr...
ITRI and Synopsys Inc. announced on October 21 that they jointly established the AI Chip Design Lab at ITRI headquarters in Hsinchu to help Taiwan’s semiconductor industries gain an advantage in the age of AI and 5G technology. The aim is to incentivize more businesses to invest in device-end AI chip technology and help accelerate AI chip development in local semiconductor industries. Der-Shen...