⬛ Chao Ting-yu Throughout 2021, Taiwanese hand tool suppliers were able to maintain business-as-usual operations, leading to export value growth of 27.4%, reaching USD$4.79 billion. The steady performance has continued into 2022. The latest statistics between January to June 2022 continued to show a steady growth: Taiwan's hardware and hand tools exports amounted to USD$2.44 billion, with an a...

⬛ Chao Ting-yu In the past two years, global events like the Ukraine-Russian war have led to raw material shortages and further disrupted the already-fragile global supply chain. This backdrop has cemented the determination of suppliers in the traditional industries based in southern Taiwan to embrace digital transformation trends. For instance, fastener suppliers based in Kangshan, Kaohsiung...

⬛ Chao Ting-yu In an interview with an industry analyst from the Industrial Technology Research Institute (ITRI), published in the 2022 edition of Taiwan Hand Tools, we discussed the overall AI trends in Taiwan’s industries. This brief excerpt discusses how Taiwan’s hand tools sector (and the majority of industries here) is really built on SMEs, yet there are significant challenges, such as im...

⬛ Chao Ting-yu Throughout 2021, Taiwanese hand tool suppliers were able to maintain business-as-usual operations, leading to export value growth of 27.4%, reaching USD$4.79 billion. The steady performance has continued into 2022. The latest statistics between January to June 2022 continued to show a steady growth: Taiwan's hardware and hand tools exports amounted to USD$2.44 billion, with an a...

⬛ Chao Ting-yu The roles automation and AI play for traditional sectors can alleviate the pressure of hiring and talent retention. In the future, companies will have more difficulties hiring production line operators, maintaining operation quality, and limiting their operational capacity, as the workforce retires, and younger talents are less likely to work in these sectors due to poor working...

Earlier in March 2022, before Taiwan’s second-biggest local COVID-19 Omicron-fueled outbreak began, the island’s top automotive electronic suppliers and leading R&D center in autonomous technology and testing, Automotive Research and Testing Center (ARTC), collectively announced the formation of the “Automotive AI Imagery Chip and Smart Cockpit Display Module Industry Alliance.” The press con...

Professional trade shows around the world have been tentatively opening their doors to international visitors, especially after almost two years of less travel and expo activity due to the COVID-19 pandemic. In Taiwan, despite how COVID cases were on the rise heading into Q2 of 2022, several of the island’s largest and more notable trade shows carried on without a hitch. Taipei AMPA 2022 ...

Taiwan’s automotive parts export value in 2021 reached USD$7.98 billion, marking a 14% growth compared to 2020, significantly seen in exports destined for China, Mexico, and Germany, which on average, saw growth of around USD$40 million. These statistics show strong demand in the Chinese and European automotive supply chains. However, while demand has significantly increased last year, the mon...

Global events in recent years have accelerated certain trends but also dealt significant setbacks to the overall advancement of the automotive industry. In an email interview with Industrial Technology Research Institute’s Industry, Science and Technology International Strategy Center (ISTI) Intelligent Vehicle System Research Dept. Machinery & System Research Division Senior Researcher James Hsi...

ITRI has announced its collaborations with industry and academic partners on making advancements in magnetic memory technology. It has worked with semiconductor manufacturing leader TSMC in the development of Spin Orbit Torque Magnetoresistive Random Access Memory (SOT-MRAM) array chips. Meanwhile, it joined hands with National Yang Ming Chiao Tung University (NYCU) to develop magnetic memory tec...