February's manufacturing forecast index shone green, representing stable growth, reported the Taiwan Institute of Economic Research (TIER). The outlook index changed from yellow-red, showing fast growth, to maintaining stable growth. The latest outlook indicates fewer working-days in February due to the Lunar New Year holidays, leading to lower indexes in February compared to January and weak...

Amid a global crisis of auto chip shortages, the accelerating trend of adapting electric vehicles (EV) and self-driving cars, the Taiwan External Trade Development Council (TAITRA) is gearing up to kick off Taipei AMPA and Autotronics Taipei on April 14 at the Nangang Exhibition Center Hall 1. TAITRA is hosting this year's Taipei AMPA and Autotronics Taipei as a hybrid expo, debuting the firs...

In December 2020, Transportation Minister Lin Chia-lung said at a summit event that due to the pandemic, continual urbanization, and aging society in the more rural areas, transportation applications of emerging technologies like self-driving vehicles, UAVs, and smart logistics, have become more mature over the years. Yet, the upcoming challenges will likely revolve around the integration of the ...

In the "Global Digital Automotive Trend Report" released by PwC Taiwan in mid-January, the firm indicated that the automotive industry is now at a crossroad, anticipating that significant synergy will buoy the automotive IoT and electric vehicle (EV) markets in the next decade. However, amid the COVID-19 pandemic that is still ongoing since 2020, the report pointed out that the development of sel...

Industry-acclaimed expo TIMTOS 2021's online version gained over 120,000 visits during the six-day exhibition period since March 15, show organizer Taiwan External Trade Development Council (TAITRA) reported. TIMTOS 2021 Online interactive mode, which allows buyers to connect with exhibitors, wrapped up on March 20, though the online platform will continue to be up until April for viewing onl...

TrendForce's research signaled that the COVID-19 pandemic's impact on the global auto market in the first half of 2020, has also affected the automotive LED industry. With the gradual recovery of overall sales in the second half of the year and the rapid development of new energy vehicles, the output value of automotive LEDs in 2020 will reach US$2.572 billion, a year-on-year decrease of 3.7%. ...

The Taiwan Association of Machinery Industry (TAMI) assembly elected its 29th chairperson and board members on March 25, seeing outgoing chairman Alex Ko handing over the mantel to the new chairman, Fong Kee International Machinery Co., Ltd. Chairman Wei Tsan-wen. Ko said under President Tsai Ing-wen's support, the administration included the smart machinery sector in the "5+2 Innovative Indu...

The fast-growing electric vehicle (EV) industry is likely to reach only 10% of market share by 2025, Pegatron Chairman Tung Tzu-hsien revealed but expressed optimism regarding Taiwan's potential for a more significant role in the sector. Tung pointed out Taiwan had not successfully integrated into the traditional automotive sector but could leverage into the EV parts, modules, to complete vehi...

Taiwan Association of Machinery Industry (TAMI) announced export figures for machinery equipment in the past two months on Wednesday, boasting USD$4.718 billion in export value, a YoY 25.4% increase. In New Taiwan dollars, that would be 134.07 billion, an 18.7% growth. TAMI reported that suppliers' order visibility now lies in Q3, signifying a strong rebound in the market. What's critical is ...

Benefiting from the surge in global bicycle demand amid the COVID-19 pandemic, Giant Bicycles announced on Thursday that the company earned NT$5.623 billion in consolidated revenue for February, an annual increase of 42.12%. Fellow bicycle maker Merida reported NTD$2.699 billion, a yearly increase of 60.91%. According to Giant's statistics, the accumulated consolidated revenue from January to ...