When the U.S.-China trade war began in earnest in 2018, Taiwanese industries looked on as orders were transferred out of China to avoid getting hit by tariffs, and were redirected to Taiwan instead. These included the hand tool industry as well. While Taiwanese companies were in a similar boat as the COVID-19 pandemic swept through countries in 2020, Taiwan continued relatively business as usual ...

Originally published in the Economic Daily News by ITRI Aldea AI Collaboration Platform in Mandarin Chinese Translation by Stephanie Chao Editor's Notes: To create hand tools, one must require the equipment to do so. With digital transformation and Industry 4.0 capabilities becoming more and more prevalent across different industries, the incorporation of smart machinery has become a crucial ...

The previous article discussed smart manufacturing practices and the challenges of implementing these new technologies into a real-world situation. For further elaboration on these topics, CENS interviewed Industrial Technology Research Institute (ITRI) Industry, Science and Technology International Strategy Center (ISTI) analyst Silicon Shih via email, covering overall AI trends in Taiwan's indu...

Domestic auto parts manufacturers reported self-settled revenue in January, of which major domestic aftermarket parts supplier Tong Yang Group (TYG) NTD$$1.744 billion is at a 25-month high; while auto lamp maker Depo Auto Parts was valued at NTD$1.434 billion, the second-highest in 10 months. In addition, the combined revenue of the auto transmission system manufacturer Hota Industrial in Jan...

Foxconn Chairman Young Liu revealed on Thursday (Feb. 10) that the company is scheduled to release two more new electric vehicle models this year to tap into the growing EV markets in India, the U.S., and Thailand. The focus on these industries will help bolster Foxconn's business revenue in semiconductor-related growth from 10% to 20%, while auto parts revenue could also see significant growt...

Digital transformation is one of the most trending keywords in recent years, primarily due to the COVID-19 pandemic that has accelerated the digital transformation among enterprise operations. What is the definition of digital transformation? Taiwan's top research and technology development organization ITRI AI collaborative platform Aldea considers a company that is embracing digital transformat...

Since the COVID-19 pandemic began, the biggest machine tool trade show in Taiwan is slated to kick off this month, with the in-person 2022 TIMTOS x TMTS 2-in-1 show held at Taipei Nangang Exhibition Center Hall 1 and Hall 2 on February 21 to 26, while the online edition will last from Feb.21 to March 21 for a month. The 2-in-1 show is the first-ever of its kind, as event organizers have hosted...

The Omicron variant's fast spread has World Health Organization experts looking towards the COVID-19 pandemic transition into the endemic stage, where high rates of vaccination and widespread infection could lead to global immunity. However, Pegatron Chairman T.H. Tung pointed out that despite the waning health emergency, shortages of crucial components will continue to persist beyond the pandemi...

Throughout 2021, as global economies struggled against COVID-19 outbreaks, congested seaports, delayed delivery times, rising prices of crucial raw materials, Taiwan's economy was able to weather the crisis thanks to much of its industries' production capability are centered on the island. For the domestic hand tools market, one of Taiwan's top export markets, it performed admirably well as the i...

Taiwan Institute of Economic Research (TIER) announced the November manufacturing index on Thursday, signaling that the overall index rose by 0.14 points from 15.14 points revised last month to 15.28 points in November. The index signal, representing the state of the manufacturing index, has remained in the green index for two consecutive months now. The application of emerging technologies an...