Taiwan's machine tool industry is experiencing a squeeze from all fronts as the COVID-19 situation in Taiwan and overseas is worsening. Taiwan Machine Tool & Accessory Builders' Association Chairman Hsu Wen-hsien remarked that while the industry reported order visibility well into Q3, exchange losses, rising costs for shipping, materials, and labor shortage made it difficult for suppliers to pr...

Due to the ongoing COVID-19 pandemic, commercial office spaces are seeing a huge overhaul as teleworking makes its mark in the corporate sector. CBRE Taiwan Consulting and Trade Service manager Chen Song-min analyzed that since work is now not limited to office spaces, flexible office space lease packages are on the rise. Chen emphasized that this new type of flexible office space leasing will...

Taiwan's hand tools industry reported strong performances in 2021 Q1, with export value reaching USD$1.114 billion, marking a 26.87% growth. Exports to the U.S. ranked the highest in terms of the destination country, around 38.21%, putting confidence in the region. The Biden administration is continuing the China policy from the Trump era, which has been viewed to be generally favorable for Ta...

The electric vehicle (EV) trend is leading the auto industry's post-pandemic transformation. The Ministry of Economic Affairs Department of Statistics stated on Thursday that with the rising awareness of energy conservation, carbon reduction, and environmental protection, countries have announced bans on fuel vehicles and introduced subsidy policies in response. Under the problematic global pande...

The first 2035 E-Mobility Taiwan expo is set to kick off on October 20 to 22 at the Nangang Exhibition Center Hall 2. During the international press conference, industry experts revealed that the "golden cross" of gas-powered vehicles and electric vehicles (EV) could arrive much earlier than Bloomberg's predictions. Host organizer Taiwan External Trade Development Council (TAITRA) Chairman Jam...

Many traditional manufacturing sectors are experiencing the squeeze as the global industry accelerates towards a smarter, digitalized production process. This includes the hand tools and plumbing sectors, both as traditional as industries can be. In Taiwan, companies in these industries tend to be small and medium-sized enterprises (SMEs), maintaining a smaller budget than their bigger counterpar...

Following PC and smartphones, auto electronics is the new in-demand sector that is fueling the semiconductor business. While the entry benchmark for auto IC is much higher than consumer electronics, mainly due to rigorous safety standards, client orders are often more stable and consistent with better profits. Vanguard International Semiconductor Corporation (VIS) Chairman and General Manager ...

Taiwan's industrial production has maintained a steady growth since it rebounded last year, as the world had gradually opened up after almost a year of the COVID-19 pandemic. For instance, the island's Ministry of Economic Affairs had reported that industrial production growth in February rose almost 3 percent from a year earlier, and also saw an increase of sales for plastics/rubber products...

With the electric vehicle (EV) trend sweeping across the globe, Taiwanese suppliers are focusing on certain key components as potential business opportunities, including Hon Hai, Hota Precision, Tong Yang Industrial, TECO Electric & Machinery, Hiwin, ASE Technology Holding, and passive component suppliers. Many suppliers in the industry are leveraging the current climate as a result, with Hon...

Taiwan's electric and traditional bicycle exports in February saw significant YoY growth, marking a 7% uptick in the first two months of 2021, and signifying that international demand is returning. Market expectations regard Q2 favorably, expecting the container shortage that led to rising costs to ease up, and bolstering performance outlook among Taiwan's bicycle suppliers: Giant, Merida, an...