Taipei, Manufacturing activity in Taiwan contracted in April because of the COVID-19 pandemic's impact on global demand, hurting Taiwan's export-oriented manufacturers, the Chung-Hua Institution for Economic Research (CIER) said Monday. Taiwan's Purchasing Managers' Index (PMI) for April fell 5.5 points from a month earlier to 47.6, the steepest monthly decline since the think tank started to...

Under the epidemic situation, the regulations on production and creation were useless. Minister of Economy Shen Rongjin promised in the Legislative Yuan yesterday (4) that he would build a machine tool to upgrade the automated production platform, discuss with the industry within a period, and put forward specific plans. When the international economy recovers, the unit can be transported to all ...

Taiwan's hand tools are the world’s unsung champions! Every year, Taiwan’s tool industry earns US$4 billion from exports of OEM wrenches and pliers. Globally reputed as the “Kingdom of Hand Tools,” Taiwan is one of the world’s top three export countries in this sector, which is one of the island’s most prominent industries. Nearly 70% of enterprises in the hand tool industry are concentrated in t...

Robert Bosch said it expects automotive production to fall by at least 20 percent this year, as the coronavirus pandemic slams the brakes on factory production lines and saps demand. "We are bracing ourselves for a global recession that will also have a considerable impact on our own performance in 2020," Bosch CFO Stefan Asenkerschbaumer said in a statement on Wednesday. "Given the many im...

South Korea’s March factory output jumped by the most in 11 years as demand for display panels and cars received an unexpected boost from lengthy shutdowns in competing Chinese factories amid the coronavirus pandemic. Industrial output surged by a seasonally adjusted 4.6% in March from a month earlier, government data showed on Wednesday, marking the biggest expansion since a 7.3% jump in Febr...

Minister of Economy Shen Rongjin pointed out yesterday (28) that from the US-China trade war to the spread of the new crown pneumonia epidemic, the "de-globalization" of manufacturing is now a key issue for companies. In addition to the use of Industry 4.0 Internet of Things remote control machines , And also readjust the global stronghold. He also said that companies including information and c...

Taiwan’s TSMC has become one of the leading foundries in the world with Apple included among its list of illustrious customers and for good reason – its nodes are among the most advanced in the world. Despite the expected downturn in chip sales thanks to the impact that COVID-19 is having on the smartphone market, Digitimes is reporting that both Nvidia and AMD have between them helped to book ou...

Detroit's car companies are targeting May 18 to resume some production at their U.S. factories after the companies shut down their plants in March amid the spread of the coronavirus, according to people familiar with the plans. Executives from General Motors Co., Ford Motor Co. and Fiat Chrysler Automobiles NV in recent days tentatively settled on the timeline after talks with United Auto Work...

Many industries have been affected by the prevalence of the COVID-19 pandemic. On top of the government’s industrial relief and revitalization policy, many small and medium enterprises (SMEs) should think about how to accelerate the deployment for “digital transformation”, including digital application services, products, and related digital tool technology. Taiwan plays an important role in the ...

The chairman of Sinosteel Wong Chao-tung believes that the epidemic triggered a global closure of the city and the country, which caused the industry to break the chain and reorganize after the chain is broken. This is a crisis and a turning point. The only way to use the "curvy overtaking" is to avoid the Red Sea market. In order to survive the epidemic, it is necessary to find a new blue ocean...