Taiwanese auto parts suppliers are preparing for the surge in demand in Q3, prompted by the reopened economies overseas and improving auto chip shortages. Suppliers are already reaping the benefits. However, other shortages, ranging from workers and raw materials, could also challenge and disrupt supply chain resiliencies, a situation shared by many different suppliers in varied industries. Fo...

State-owned China Steel Corporation passed an internal solution on Thursday to adjust steel sales for domestic and outbound markets to help Taiwan's machine tool industries maintain a consistent supply of raw materials. Machine tools and the machinery industry were impacted by steel suppliers stocking up, causing price increases or even suppliers refusing to sell—meetings between the Industria...

Global shipping shortages, capacity shortages, and port congestion issues are expected to continue until the second half of this year. Industries including machine tools, auto parts, and garments impacted by port congestion have reported full production capacity yet unable to ship at all due to the shipping shortages. Auto parts supplier Tong Yang Group (TYG) reported that their storage has be...

Electric vehicles have seen a record-breaking growth; Tesla's delivery figures broke records this Q2, while Chinese-owned companies NIO and XPeng reported similar performances in June. Brands are looking forward to Q3, Q4 figures, as the latter half of the working year, is traditionally peak season. With EVs' market penetration rate growing steadily, experts believe supply-demand will continue...

In a report released on Thursday, the Taiwan Association of Machinery Industry (TAMI) announced the export value of machinery and equipment in the first half of the year was valued at US$15.758 billion (TWD$444.508 billion), an annual increase of 27.1% in USD, and 19.5% in Taiwan dollars, both marking a record high for the same period in history. Exports of machinery and equipment have experience...

The electrical manufacturer TECO and power supply manufacturer Phihong announced that an MOU was signed between the two companies on Monday. The parties concerned included a three-way partnership: TECO's American subsidiary Westinghouse, Phihong, and U.S.-based energy group Getka Group's newly established Getka Manufacturing. The three companies will set up a manufacturing base in Oklahoma fo...

The resumed Taiwan-US TIFA talks have been invigorating domestic industries. Under this backdrop, Wong Chao-tung, chairman of the Taiwan Iron and Steel Association and China Steel Corporation (CSC), said with the steel industry as a part of the restructuring of the global supply chain, and with the U.S. promoting green energy infrastructure, Wong sees potential cooperation. Among the products ...

Taiwanese auto parts suppliers are preparing to see a surge in demand in Q3, prompted by warming auto demand in overseas markets and improving auto chip production. Suppliers are already reaping the benefits: LED auto lamp module maker LaserTech reported sustained revenue growth through consecutive months and expected to see similar performance in Q3 to Q4. Hota Industrial is experiencing an i...

Multinational electronics contract manufacturer Hon Hai Precision announced a partnership with Taiwan's electric scooter maker Gogoro on Wednesday, marking a significant advancement in terms of expanding business operations on both sides. Hon Hai will be in charge of OEM manufacturing for Gogoro by setting up factories in China and India, including scooters, Gogoro's battery-swapping system, a...

With machine tool market conditions recovering, coupled with strong market demand in China and Europe, the delivery time of linear slides and other transmission components have been extended, and orders for pneumatic components have outpaced supply-demand, according to media reports on Friday. Companies benefiting from this latest boom include Hiwin Group, AirTAC-KY, TBI Motion, and Chieftek P...