In recent months, Taiwan experienced a decline in export orders from key trade partners including the US, China, Hong Kong, and the ASEAN region, as reported by the Ministry of Economic Affairs (MOEA). However, there was a turnaround in April, when Taiwan received diverted orders from the ASEAN region, resulting in an extraordinary record-breaking order amount of US$6.44 billion. Taiwan's over...

Major component suppliers are adjusting their operational strategies as long-term trends in specific markets have grown in size and demand. Circuit protection component maker Thinking Electronic is such a company, with its newly-appointed general manager Chung Shih-yin noting that the company will expand investment into three fields by 2025: automotive, industrial control systems, and power su...

As 2022 draws to a close, industries are ramping up to re-engage with international buyers and suppliers. In the manufacturing industry, for instance, seminars sharing digital transformation experiences and solutions, as well as trade networking events, were popular gatherings at the year-end to help companies to prepare for 2023. According to an Economic Daily News article, at a metal process...

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...

TECO, a major electric motor manufacturer, offered future estimates that the performance of the electric vehicle power system will increase by 30% annually today. However, TECO believes the performance of the electromechanical system will fall flat next year, with smart energy expected to grow significantly and smart life solutions expected to rise steadily. TECO also revealed plans that the new ...

Since the beginning of this year, global electric vehicle (EV) shipments have grown significantly, especially with the surge of production in mainland China. The increase in various battery shipments largely drove the growth in China, be it lithium ternary batteries or lithium iron phosphate batteries (LEP). Both types require the use of lithium metal, and the price of lithium has continued t...

As climate change impacts the world, understanding and incorporating ESG has become a necessity. Giant Group Chairman Bonnie Tu has pointed to bicycling eventually becoming the best option for commuters due to its energy-saving advantages. Tu and other Giant Group corporate representatives attended a sustainability forum co-hosted with Commonwealth Magazine ahead of the bicycle maker's 50th an...

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...