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.
Taiwan's fasteners have long been the top contributors to the island's exports, renowned globally as a prominent manufacturer. Last year, this island shipped out fasteners valued at USD$4.31 billion, just behind China, Germany, and the U.S. In terms of outbound volume, Taiwan ranks second place worldwide. The local industry here has gained its sterling reputation with their prompt delivery, excel...
The current global supply chain trends would move towards safety-orientation over profits, National Taiwan University Honorary Professor Chen Po-chih said. Chen's remarks come before the "Economic Investment Outlook Seminar" on Dec. 17, hosted by the Economic Daily News, where he is slated as among the keynote speakers. The forum will invite domestic and foreign academics and speakers to analy...
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 ...
