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.
To accelerate the digital transformation of Taiwan's industries, the Industrial Development Administration (IDA) of the Ministry of Economic Affairs (MOEA) is actively promoting a comprehensive range of support resources. This year, IDA organized 17 plumbing and surface treatment manufacturers to establish a unified data format, successfully integrating production orders within the supply chain. ...
Taiwan's smart machinery investment tax credit, which is set to expire at the end of this year, is on the verge of receiving an extension with broader applicability and enhanced benefits. The Ministry of Economic Affairs (MOEA) is preparing an amendment that would expand the scope of the tax credit to include artificial intelligence (AI) and net-zero emissions initiatives. Additionally, the propo...
Concluded on June 16th, the Taiwan International Interior Design Expo 2024 showcased over 300 exhibitors and more than 1,000 booths during its four-day run. This year's event saw unprecedented participation and featured significant contributions from the Taiwan Lighting Fixture Export Association (TLFEA) and the Taipei Kitchen and Cabinet Commercial Association (TCCA), drawing considerable attent...
"Taiwan's machine tool industry is facing an unprecedented crisis," stated Chuang Tai Li, Chairman of the Taiwan Association of Machinery Industry (TAMI). He highlighted the challenges posed by the continuous depreciation of the Japanese yen, which has led to Japanese companies dominating orders for Taiwan's high-end models. Simultaneously, low and medium-end models face fierce competition from m...
According to the latest report from the Market Intelligence & Consulting Institute (MIC), electric vehicles are now competing in terms of price and market concentration. To stand out, major automotive manufacturers are focusing on integrating AI for assisted driving, autonomous driving, and advanced cockpit applications. For Taiwanese manufacturers, this presents a prime opportunity to join th...
China has announced the suspension of ECFA tariff benefits for Taiwan's machinery products, prompting concern from the Taiwan Association of Machinery Industry (TAMI). "The most unfortunate outcome has occurred," TAMI lamented. Preliminary estimates suggest the impact will extend beyond losing 8% to 10% tariff benefits; the most significant consequence will be a decline in market share for Taiwan...
Fueled by the global push for net-zero emissions, smart cities, and the Internet of Things (IoT), the global lighting market is set for significant growth by 2024. Smart lighting will lead the way, with the market becoming increasingly segmented and specialized. New applications will emerge in areas such as medical and aesthetic lighting, educational lighting, health lighting, outdoor cultural an...
David Hsieh, Senior Director of Display Research at Omdia, recently stated that 2024 marks a year of recovery for the panel industry. Major panel manufacturers are expected to shift from losses to profits by the second quarter, with a peak in panel prices anticipated in the third quarter. This recovery is driven primarily by a projected 10% annual increase in the area of TV panels and growing dem...
Recent years have witnessed a steady increase in Taiwan's hand tools exports, achieving record levels despite the challenges brought by the COVID-19 pandemic. However, there's been a gradual slowdown in industry demand. In the third quarter of 2022, export growth dwindled to a mere 0.1% compared to the previous year. This decline persisted into the fourth quarter, with a negative growth rate o...
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...
