cens logo

Cabinet's Strategic Review Board Discusses IOT in Annual Meeting

Oct 28, 2011 | By CENS

Taipei, Oct. 28, 2011 (CENS)--Taiwan Cabinet's Strategic Review Board (SRB) is discussing development of Internet of Things (IOT) industry in its annual meeting today, and suggest the Cabinet to designate IOT as the island's next strategic industry with the potential to produce at least NT$1 trillion (US$33 billion) a year based on bright prospects.

The SRB is focusing on four major IOT applications: intelligent grid, intelligent traffic, intelligent logistics and disaster prevention.

The Institute for Information Industry (III), a Taiwan government-funded think tank, estimates that IOT applications will have market potential of US$500-600 billion worldwide by 2016, an increase from 2011's US$165 billion, with the industry's revenue estimated to be US$168.1-200 billion by 2016 worldwide, up from 2011's US$38 billion.

China's 12th Five Year Plan for national economic development from 2011 to 2015 is to create an IOT market valued at around RMB1 trillion (US$156 billion) a year, with the plan to speed its “intelligent city” project for first-tier cities by deploying broadband wireless networks.

Taiwan's Vice Economics Minister J.C. Huang recently led a trade delegation to a
business conference in China to discuss bilateral cooperation, with IOT being prioritized among the five topics.

Bright prospects have drawn Taiwan's manufacturers and service providers as Chunghwa Telecom Co., Ltd., FarEasTone Telecom Co., Ltd., and Global Mobile Corp. to scramble for partnerships with counterparts in China.


Industry In-Focus

Thriving Global Fastener Industry Lending Growth Steam to Taiwan Makers

Oct 30, 2018

The global fastener industry, whether in a developed or developing market, is thriving on the current economic upswing, robust demand from the downstream industry, and increasing infrastructure investments by countries. Taiwan Fastener Trading Association stated that the Taiwan fastener industry clusters offer comprehensive product lines, having become a major hub of fasteners that are highly ...


How valuable is repair and maintenance to China's automotive future? Automechanika Shanghai reports

Oct 30, 2018

Two of Automechanika Shanghai’s industry association partners have laid out the details behind why China’s relationship the automotive service sector is starting to turn the heads of the world’s most successful car producing regions. The China Auto Maintenance Equipment Industry Association (CAMEIA) and the China Automotive Maintenance and Repair Trade Association (CAMRA) have a combined 1,700 me...


GaN Semiconductor Specialist Exagan Forms Taiwan Subsidiary and Opens Sales and Applications Center in Taipei to Accelerate the Use of GaN in Charger and Server Markets

Oct 18, 2018

Grenoble, France – October 18, 2018 – Exagan, a leading innovator of gallium nitride (GaN) semiconductor technology enabling smaller and more efficient electrical converters, has established Exagan Taiwan Ltd. with a new sales and applications center in Taiwan – the company’s first step in its global market deployment – to accelerate the development and use of fast, intelligent GaN power solutio...



Industry Reports

Thriving Global Fastener Industry Lending Growth Steam to Taiwan Makers

Oct 30, 2018

The global fastener industry, whether in a developed or developing market, is thriving on the current economic upswing, robust demand from the downstream industry, and increasing infrastructure investments by countries. Taiwan Fastener Trading Association stated that the Taiwan fastener industry clusters offer comprehensive product lines, having become a major hub of fasteners that are highly ...


How valuable is repair and maintenance to China's automotive future? Automechanika Shanghai reports

Oct 30, 2018

Two of Automechanika Shanghai’s industry association partners have laid out the details behind why China’s relationship the automotive service sector is starting to turn the heads of the world’s most successful car producing regions. The China Auto Maintenance Equipment Industry Association (CAMEIA) and the China Automotive Maintenance and Repair Trade Association (CAMRA) have a combined 1,700 me...


GaN Semiconductor Specialist Exagan Forms Taiwan Subsidiary and Opens Sales and Applications Center in Taipei to Accelerate the Use of GaN in Charger and Server Markets

Oct 18, 2018

Grenoble, France – October 18, 2018 – Exagan, a leading innovator of gallium nitride (GaN) semiconductor technology enabling smaller and more efficient electrical converters, has established Exagan Taiwan Ltd. with a new sales and applications center in Taiwan – the company’s first step in its global market deployment – to accelerate the development and use of fast, intelligent GaN power solutio...



Supplier News

Giftstart's Patented Color Reflection and Lighting Tech Integrated into Textiles

Nov 12, 2018

By taking advantage of its patented technology that was previously applied to a gigantic traffic sign mounted on an entrance truss of the New Taipei City Government-organized Pingxi Sky Lantern Festival earlier this year, Giftstart Co., Ltd. has recently rolled out yarns, fabrics and accessories that can generate colorful-reflection, glow-in-the-dark, and pattern-variable visual effects that they...

GIFTSTART TRADE MARK DESIGN INC.


Ta Hung Machinery Offers Professional Mining, Chemical, Gravel and Mixer Equipment

Nov 12, 2018

Ta Hung Machinery Co., Ltd., founded in 1976, specializes in manufacturing machineries like crushers and grinders for mineral and chemical industries. In the past 40 years, the firm has stood by its managing principle of upholding quality above all, sustainable management and offering top-notch services. Ta Hung continues to invest in its internal R&D capabilities in hopes of improving their prod...

TA HUNG MACHINERY CO., LTD.


Quality is BLACKSMITH's insistence to satisfy your needs

Oct 31, 2018

Blacksmith Metal Co., Ltd. specializes in Steering System, Transmission System, Metal Forming & Processing, Forged Hardware Parts for over 20 years. BLACKSMITH was certified and qualified with IATF 16949 last year. BLACKSMITH maintains a “people-oriented, customer first and best quality” business philosophy. The company manufactures products with dedicated skill, while aiming to satisfy their...

BLACKSMITH METAL CO., LTD.



Insiders' Views

Part 1 Megvii Technology Founder Interview: Face++ AI Facial Recognition sets eye on Asia, starting with Taiwan

Sep 07, 2018

Using facial recognition to remove security checks and recognizing criminals sounds like technological applications out of a movie, though much of it is already implemented in everyday life. Having been founded for only seven years, Megvii Technology Limited, or more commonly known for its facial recognition and AI application Face++, owns critical technology by combining both, and now, recently ...

FOXCONN TECHNOLOGY


Megvii Technology Founder Interview Part 2: Face++ AI Facial Recognition sets eye on Asia, starting with Taiwan

Sep 07, 2018

Tang Wenbin, founder and CEO of Megvii Technology, will be visiting Taiwan next week, but accepted an overseas interview with Economic Daily News on Sept. 6. This is the second installment of the interview. Aiming for a complete application; forming a city’s “brain” Q: What are the goals and strategy for the next phase? A: When the company first started off, we had to find a way to impl...

FOXCONN TECHNOLOGY


MPN's Editor-at-large Provides Holistic, In-depth Insights into U.S. Market for Powersports

Industry veteran suggests Taiwanese suppliers establish market presence as priority

May 24, 2018

One of the concurrent events held during the 13th Taiwan International Motorcycle Industry Show (Motorcycle Taiwan 2018), the seminar titled “Turning New U.S. Powersports Business Opportunities” was rounded off with overwhelming acclaim from the audience as a resounding success, mostly thanks to the excellent quality of the lecturers invited, all of whom are seasoned veterans and experts at high ...



Exhibition Highlights

TTG Gives Taiwanese AAPEX Exhibitors a Leg Up

Nov 01, 2018

Taiwan Transportation Equipment Guide (TTG), having been founded for 33 years, is Taiwan’s first magazine dedicated to professional auto parts. The magazine can be obtained at the Economic Daily News (CENS.com) booth on the AAPEX show grounds. Combined with online and hardcover publications, CENS.com aims to boost Taiwan’s auto parts suppliers’ promotion to its highest. Since its first publica...


Taiwan Exhibitors Talk Biz with LA Office at AAPEX

Nov 01, 2018

Taipei Economic and Cultural Office in Los Angeles Economic Department Officer Wang Yu-hsin visited Taiwan exhibitors at AAPEX, in a show of their support of Taiwan’s businesspeople. During the visit, Wang said the Taipei Economic and Cultural Office in Los Angeles services 8 states in the U.S., and encouraged Taiwanese companies to reach out to them for trade inquiries or demands. LED maker J...


CENS.com Flexes Taiwan's Automotive Prowess at AAPEX

Oct 31, 2018

The annual Automotive Aftermarket Products Expo (AAPEX) is the largest automotive show in the North American region, with 2,500 exhibitors attending and using 5,550 booths at this year’s edition. The Economic Daily News (CENS.com), in tandem with Importers and Exporters Association Of Taipei, Taiwan Transportation Vehicle Manufacturers Association, Taiwan Forging Association and Southern Taiwan A...