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.
The passive component market could see sustainable yearly growth next year, at approximately 11.1%, markets say, with production capability around 10% and annual demand around 15%. Forecasts also indicate that MLCC and R-chip prices could grow in Q2 and Q3 next year. Domestic market reports point to the growing demand for 5G-capable smartphones, electric vehicles (EV), and automotive electroni...
The Economic Ministry released the manufacturing industry value data for Q3 on Thursday, reporting NTD$3.24 trillion, a 4.56% decline compared to last year's same period, marking a seven-quarter consecutive negative growth. Compared to the decline, as shown in Q2's negative 11.39%-decrease, the Economic Ministry suggested that the economic recession shows recovery signs. The ministry continues...
The latest October passenger car statistics from the China Passenger Car Association (CPCA) showed record-high new energy vehicles (NEVs) vehicle sales, boasting a 21%-growth compared to September. CPCA data indicated October sales hitting 191.992 million vehicles, an 8% yearly increase. New energy-powered cars 134,000 cars were sold, signaling a 112% yearly increase and a 21%-growth compared ...
With the signing of the Regional Comprehensive Economic Partnership (RCEP) — the world's largest free trade area, several of Taiwan's industries could see increased competition, reported the Economic Ministry. RCEP consists of the 10 ASEAN states, Japan, South Korea, Australia, New Zealand, and China. Even without the U.S. and India, the trade zone will cover about 2.2 billion people or 30 per...
Foxconn will be spearheading an electric vehicle platform called the "MIH Alliance," Foxconn Chairman Young Liu announced on Thursday, slated to attract big global names. Global giants such as Qualcomm, Texas Instruments, and MediaTek are among the 90 companies interested. The MIH aims to see the alliance hit its goals with the most impact in 2025, though Foxconn believe...
Formosa Chemicals & Fibre Corporation (FCFC) announced on Nov. 2 that its long-term strategy of cultivating high-value and diversification has resulted in becoming the first non-Japanese PP supplier to enter TOYOTA's supply chain in Taiwan. FCFC's latest announcement comes after three years of development and gaining Kuozui Motors' verification. The firm's PP materials are now a part of the pr...
The passive components market is seeing a gradual recovery in the second half of 2020. A strong indicator of this sign is from Japanese electronic component manufacturer Murata Manufacturing's latest financial reports. The optimistic outlook suggests increasing demand for passive components, such as MLCC, for smartphones and auto-use parts, industry experts say. Murata executives told the ...
A majority of Taiwan's CEO expressed optimism regarding the economy, citing Taiwan's favorable pandemic response as the primary factor, revealed a survey conducted by KPMG in Taiwan. The survey suggested that CEOs felt the business models had borne innovative results in the past few years. The 56% of CEO's optimism is much higher than the regional average of Asia Pacific CEOs (47%) and global ...
Foxconn is looking to explore cooperation with European tier 1 auto parts suppliers in developing 3D auto-use curved glass covers. The electronics manufacturer is also reportedly engaging in talks with European auto firms to make curved, one-piece system consoles and dashboards. In a bid to diversify its product line, Foxconn's plans to enter the lucrative auto parts industry began with provid...
According to Economic Daily News, the 2020 U.S. Business Day is slated to open this Thursday (Oct. 15), citing sources that a total of 18 buyers, including Amazon, will be attending the conference. American firms with backgrounds in electronics, ICT, auto parts, rubber products, and textiles will be attending. The Taiwan External Trade Development Council primarily aggregated Taiwan's attendin...
