With countries pledging to achieve net-zero emissions, industries such as manufacturers must step up to implement greener solutions to production. The machinery industry in Taiwan has been on the cusp of significant changes in the past decade, as Industry 4.0 and smart manufacturing were increasingly introduced into this sector. In a discussion with CENS, which published the article in the newest...

Entering 2022 was an optimistic time for Taiwanese machinery suppliers. While the COVID-19 pandemic persisted, the idea was that global economies would eventually bounce back. However, these hopes would be dashed after Russia invaded Ukraine in February, further disrupting the supply chain and global food production, prompting price hikes on materials, natural gas, and oil and the subsequent infl...

Chinese National Federation of Industries Chairman Miao Feng-chiang said on Tuesday that if Taiwan can join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), it will bring win-win opportunities to countries in the region. This is because Taiwan's industries are willing and able to participate in the CPTPP, and Taiwanese industries are eager to accept challenge...

Chung-Hua Institution Economic Research (CIER) released the June Taiwan Manufacturing Purchasing Managers' Index (PMI) last week, indicating a 53.6%, a slight increase of 0.1 percentage points from the previous month, and the outlook for the manufacturing industry for the next six months fell by another 6.9 percentage points to 37.1%. This marks a continued two months of contraction, the fastest ...

The Ministry of Economic Affairs announced today that export orders for May amounted to USD$55.43 billion, which not only hit a new high for the same month in previous years but was also corrected for the first time after the 25th consecutive month of growth in April. It is expected that export orders will continue to flourish in June. The Statistics Department of the Ministry of Economic Affair...

The new regulations on shipping carbon emissions are set to come into effect next year, and with the number of global container ships over 20 years old will reach 8.2%, experts warn there will be a wave of elimination of old ships starting as early as this year. However, the supply and production of these ships have been hampered by China's strict zero-COVID policy and the Russian-Ukrainian wa...

The rising COVID-19 cases in Taiwan have prompted technology companies to return to remote working or staggered shifts. TSMC was among the first companies to return to staggered, remote, or off-site working, starting April 2. Taiwan's three biggest telecom companies have also resumed remote work. Following the four-day Qingming Festival holidays, many technology companies have stepped up o...

The Chung-Hua Institution Economic Research (CIER) released the March manufacturing PMI on Friday, which has expanded for 21 consecutive months, but the index has fallen back to 57.8%. Concerns were expressed that geopolitics will lead to a decline in the outlook index for the next six months; scholars believe that the Russian-Ukrainian war factor has not fully been factored into the PMI performa...

1. Foxconn MIH Alliance Sees Over Hundreds of Japanese Suppliers Join Foxconn's foray into the electric vehicle industry is seeing big gains, as The Nikkei reported that notable Japanese brands like Toyota, and auto part supplier Denso, which has invested in TSMC's Kumamoto factory project, are all slated to join Foxconn's MIH Alliance initiative. Other benchmark Japanese suppliers, such as Ho...

Despite the National Development Council (NDC) announcing a slight drop of the economy's composite index of economic indicators for Taiwan for January on Tuesday, overall signals indicate a strong market and investments performance. The index fell two points from 38 to 36 between December 2021 and January, sitting in the yellow-red range on the council's five-color rating system, with "blue" i...