Looking in-depth at the latest developments in production, sales, product design innovation, and technology advancements, as well as overall supply capabilities of Taiwan’s major export industries, these reports focus on machinery, auto parts, hardware, furniture, lighting and hardware etc. to keep global buyers and readers informed and better prepared to do business with Taiwan suppliers.
Optimistic about the growth potential of China’s domestic market for steels, Formosa Plastics Group will invest US$500 million into expanding a steel complex in Fujian, southeastern China, which is owned by the group’s affiliate Fujian Fuxin Special Steel Co., Ltd., says the company’s chairman, C.T... Full Story
Hon Hai Precision Industry Co., Ltd., Taiwan’s biggest ITC subcontractor by revenue, announced consolidated revenue of NT$316.9 billion (US$10.5 billion) in June alone, up 18.3% from the previous month to far exceed market expectations and hit a new high.
Industry executives associate such bri... Full Story
Taiwan Mobile Co., Ltd. remained the most profitable telecom carrier in Taiwan in the first half of this year. The company earned NT$3.06 per share in after-tax net income vs. Chunghwa Telecom Co., Ltd.’s NT$2.96 and Far EasTone Telecom Co., Ltd.’s NT$2.02.
These earnings results topped the thre... Full Story
Foundry giant Taiwan Semiconductor Manufacturing Co. (TSMC) announced Q2 consolidated revenue of NT$183 billion (US$6.1 billion), up 23.48% from the previous quarter to hit a new high regardless of a 0.7% month on month decrease in June revenue, which totaled NT$60.3 billion (US$2 billion).
The... Full Story
Fueled by strong market demand for industrial PCs worldwide, Taiwan’s Flytech Technology Co., Ltd. and Advantech Corporation both saw rosy performance in June.
Flytech, the largest POS (point of sale) system provider by shipment on the island, scored consolidated revenue of NT$408 million (US$13... Full Story
Despite being stalled in signing free trade agreements (FTAs) with trade partners, Taiwan has formally begun multi-lateral negotiations to strike environmental goods agreements with 13 WTO (World Trade Organization) member nations, announced earlier the Ministry of Economic Affairs (MOEA).
Acco... Full Story
With consumers in North America and Europe spending increasing amounts of time in their gardens, the outlook for the garden tool and equipment market is bright.
The shopping lists of gardeners, as well as for wholesalers and retailers wanting to take advantage of the business opportunities inher... Full Story
With Taiwan’s exports surging due to the simmering global economy, as well as promotions of large container ships, the Kaohsiung Port, the largest commercial port by throughput on the island, saw its container handling volume reach some 914,400 TEUs (twenty-foot equivalent units) in June, the secon... Full Story
The Foxconn Technology Group of Taiwan will reportedly use self-made “Foxbot” to assemble Apple’s iPhone 6, which will be the world’s first smartphones to be assembled by robots.
According to online media 9to5 Mac, Foxconn, Taiwan’s No.1 ITC subcontractor by revenue, is preparing to automate ass... Full Story
Taiwan should target service and Internet technology to direct the future development of its industry, said Taiwan Semiconductor Manufacturing Co. (TSMC) Chairman Morris Chang when he addressed an audience in Taipei on the nation's industry policy.
When asked if Taiwan can create another mega-fi... Full Story
Taiwan’s economic outlook may be increasingly brightening, shows the latest investment survey published by the Ministry of Economic Affairs (MOEA), with local manufacturers more willing to invest in Taiwan this year.
The survey indicates that about 25.7% of the polled 3,000-plus firms at home a... Full Story
Global shipments of ICT (information and communications technology)-based devices, including conventional PCs, tablets, ultramobile premiums (comprising 14-inch sub-laptops and tablets), and handsets, are forecast to total 2.4 billion units this year, for a 4.2% year-on-year (YoY) increase , accord... Full Story
With steadily growing economic cooperation between Taiwan and China making the island increasingly attractive for Japanese investors as an overseas investment destination, as many as 20 letters of intent (LOIs) signed by Japanese firms for investments in Taiwan in the past four years all have been ... Full Story
To help Taiwanese medical instrument manufacturers explore markets more effectively, the Metal Industries Research & Development Centre (MIRDC), a government-funded R&D institute, held the Medical Instrument Innovative Technology Matchmaking & MOU signing in early July in Kaohsiung, southern Taiwa... Full Story
Taiwan’s leading machine-tool makers remained profitable in the first half (H1), 2014 despite the revaluation of the new New Taiwan dollar against the U.S. dollar, which seriously compromised gains from foreign exchange in H1.
Industry executives ascribe such profitability mostly to the recoveri... Full Story
CSBC Corp., Taiwan plans to set up a marine construction services subsidiary to develop offshore wind power farms in 2015, according to company chairman Robert Lai. The state-owned shipbuilder hopes to tap into the huge business opportunities created by Taiwan's active development in the green ener... Full Story
According to China News Service (CNS), China’s second-largest government-run media, executives from around 20 energy companies in Taiwan and China jointly visited the U.K. for five days in late June to study investment opportunities in new energy technologies.
The executives were invited by the... Full Story
Taiwan’s leading machine-tool makers are speeding expansion plans to get ready for H2 of this year, which they forecast to be brisker than in H1 due to recovering global economy and increasing demand for automation systems.
Chairman of the Taiwan Machine Tool & Accessory Builders’ Association, E... Full Story
CKYHE Alliance’s agreement on expanding cooperation on maritime trade routes to and from the U.S. has just been formally approved by the U.S. Federal Maritime Commission (FMC), which should drive growth of the two Taiwanese members, Yang Ming Marine Transport Corp. and Evergreen Marine Corp., start... Full Story
Former Vice President of Taiwan Vincent Siew recently suggested that Taiwan should reduce dependence on trade with China in light of increasing anxiety on the potential consequences of such over-dependence.
He made the statement at the R.O.C-U.S.-Japan Trilateral Security Dialogue held recently ... Full Story
With Asia’s cruise travel market rapidly growing, Taiwan, strategically located between Northeast and Southeast Asia’s cruise network to boast the biggest advantage among others to develop such segment, targets cruise passenger arrivals of 1 million by 2015, according to the Ministry of Transportat... Full Story
To enhance exchange and cooperation between the mining industries of APEC (Asia-Pacific Economic Cooperation) member nations, Taiwan sent a delegation of officials and industry representatives led by Vice Minister of Economic Affairs Woody Duh to the 5th Meeting of APEC Ministers Responsible for Mi... Full Story
The Hon Hai Group announced on June 30 acquiring a 4.9% stake, or 2.45 million shares, in SK C&C for 380.9 billion won (US$376.8 million), becoming the second largest shareholder of the SK Group of South Korea’s IT service subsidiary.
As Hon Hai’s first partnership deal with a South Korean busin... Full Story
With ferry passage being increasingly popular between Taiwan and China as an economical, convenient alternative to airplanes, the number of cross-strait ferry passengers is estimated to exceed 400,000 this year, according to Taiwan’s Ministry of Transportation and Communications (MOTC).
MOTC say... Full Story
Taiwan’s solar-module industry is expanding production to fill the niche left by their Chinese competitors whose global shipments have seriously fallen due to a string of anti-dumping taxes imposed by the West, not to mention China's surging manufacturing costs.
Industry executives say that Taiw... Full Story
Downstream outlets of consumer electronics are becoming key players in the global high-tech supply chains as technological breakthroughs and mobile Internet services fuel growth of smartphones, tablets, wearable electronics and other smart devices.
Topology Research Institute (TRI), a Taiwan-bas... Full Story
With Apple Inc. reportedly to launch 4.7- and 5.5-inch iPhone 6s at once in September, Taiwanese electronics makers involved in the supply chain are expected to see stronger sales due to such new launches in the third quarter (Q3) of this year, according to institutional investors.
Originally sc... Full Story
Mainly dampened by steadily declining steel exports to China, which remain subject to 3-8% duties, the output value of Taiwan’s steel industry totaled only NT$405.1 billion (US$13.5 billion) for the first four months of this year, down 5.6% year-on-year (YoY), according to the statistics by the Mi... Full Story
German investments in Taiwan are gradually shifting from the north to the central and south, as shown by the latest business confidence survey by the German Trade Office Taipei, which shows Taichung, a central metropolis, is preferred over Taipei as the most attractive investment destination on th... Full Story
Optimistic about growth potential of the tire market in Indonesia, the Taiwan-based Kenda Rubber Ind. Co., a globally known tire supplier, has decided to set up a new factory there, reports the company's chairman, Y.M. Yang.
Yang emphasized that with incomes in Indonesia rising steadily, the dom... Full Story