Chung-Hua Institution Economic Research (CIER) released Taiwan's PMI score for March on April 1, arriving at a 62.7 on its report card, and marking a five-month consecutive expansion momentum above 60.0. Though, March would also signify a two-month consecutive slight decline in terms of expansion, a drop of 0.5 index points. Under CIER's PMI index, all five categories saw uptick trends, includ...

TIMTOS 2021 Online has accumulated 57,535 visits in the first two days since its opening on March 15. Many online and offline events were hosted concurrently, bolstering viewership and visitation. Organizer Taiwan External Trade Development Council (TAITRA) says aside from the two-day virtual procurement sessions, this year's edition also featured live streaming events called "TIMTOS Factory ...

Taiwan's government agencies and organizations are slated to host an online global machinery procurement session on March 31 in Taichung. The machinery industry is experiencing a rebound as global pandemic restrictions ease up. As of publication, the procurement session hosted by the Economic Ministry Bureau of Foreign Trade and Taiwan External Trade Development Council (TAITRA) reported 230 b...

The Economic Ministry has prepared three measures in the face of a record-breaking drought to ensure water usage until the end of May. The concern comes as the globe grapples with chip shortages. According to Economic Minister Wang Mei-hua on Monday, the drought so far has not impacted chipmaker TSMC. Other water-intensive sectors such as textile factories and agriculture farming are feeling t...

Chung-Hua Institution Economic Research (CIER) announced February's PMI index, signaling a slight decline of 1.9 percentage points from last month to 63.2. on Monday. February would mark the fourth consecutive month in which Taiwan's PMI index maintained an expansion above 60%. NMI index reported a 52.1 score, a 2.8-percentage point drop compared to January. While both figures saw a slight de...

Industry analysis organization CRIF China Credit Information Service (CCIS) warned three issues unbalancing Taiwan's economy and industry despite last year's export value breaking record highs at US$345.28 billion. CRIF CCIS factored that Taiwan's exports were too concentrated in intermediate goods, the electronics industry, and high reliance on exporting to China as the top three warning sig...

Weather issues and natural disasters are expected to impact automotive chip supply even further, experts say this week. The water shortage has worsened in Taiwan, necessitating further restrictions, the Ministry of Economic Affairs announced on Wednesday. Starting from February 25, industrial areas in Hsinchu, Miaoli, and Taichung will see mandatory water restrictions imposed, upping restricti...

Taiwan External Trade Development Council (TAITRA) Chairman James C. F. Huang expressed optimism regarding resuming business operations in 2021 due to the COVID-19 vaccine rollout. In terms of TAITRA's main area of expertise in trade fairs, Huang said hybrid shows would become the norm, emphasizing digital transformation is still a crucial trend to invest in during the post-pandemic era. TAITR...

Two major industrial association-backed "Taiwan Smart Manufacturing Alliance" reached a consensus through forming a promotional committee on Feb. 8, media reported. The alliance, the brain-child of the Taiwan Association of Machinery Industry (TAMI) and the Taiwan Electrical and Electronic Manufacturers' Association (TEEMA), will become the primary platform to promote the "Machinery Cloud," a...

In response to the surging pandemic at home and abroad, the show organizers have decided to postpone the physical exhibition, but TIMTOS 2021 online exhibition (TIMTOS 2021 Online) will continue as scheduled to serve exhibitors and buyers worldwide. The announcement comes after the Taiwan Center for Diseases Control stressed that if it is impossible to maintain social distancing among attendees, ...