The Taiwan Association of Machinery Industry (TAMI) announced on Tuesday that the export value of machinery and equipment in October amounted to US$27.163 billion, an annual increase of 28.8%; the value in Taiwan dollars was 762.187 billion yuan, a yearly increase of 21.4%, a record high for the same period in history. For ten consecutive months, exports of machinery and equipment have experience...

In an article first published in the Business Weekly, and through a media collaboration, republished in the Economic Daily News, an investor banker industry analyst attempted to break down why Taiwan tech giant Foxconn's Foxtron Vehicles business model will prove advantageous in the long run. On October 18, Foxconn Founder Terry Guo arrived at the product launch event behind the wheel of Foxtr...

The first edition of the three-day in-person 2035 E-Mobility Taiwan wrapped up to a close on the 22nd, with its virtual edition continuing to Nov. 20. E-Mobility is an international exhibition that showcases the electric vehicle and self-driving car ecosystem. As show organizer TAITRA's Chairman James Huang said during his opening ceremony remarks on the 20th, the much-touted show is intended ...

Taiwan Association of Machinery Industry Chairman Wei Tsan-wen warned with China's power shortages and the subsequent impact on raw material prices, delivery for key parts will see extensions and affect Taiwan's well-performing machinery production and exports in Q4. Wei pointed out that despite the power shortages and production cuts of resource-intensive steel materials, steel prices remain ...

The increasing risks of China's power outages have impacted Taiwanese business operations. Chenbro Micom, a server housing manufacturer based in Dongyuan and Kunshan, Chairman Chen Mei-chi warned that companies should brace themselves, as the shortages of power and workers will become long-term issues. Chen pointed out that factories will need to consider operation designs to be as power-effic...

Taiwan's machinery and machine tool industries reported a stunning report card despite setbacks last year while the rest of the world was in lockdown due to the COVID-19 pandemic. The global economy's reopening in the first half of 2021 was also a boon for semiconductor production equipment, machine tools, and mechanical transmission equipment demands. According to Taiwan's Economic Ministry stat...

Construction demand is at an all-time high, even amid rising prices and shortages of materials. The Directorate General of Budget, Accounting, and Statistics under the Executive Yuan released its latest statistics on Friday, indicating that the August Construction Cost Index (CCI) increased 13.57%. This is largely due to international scrap metal prices increasing, with steel rising around 50...

Taiwan's machinery exports between January and July continued to show an upward growth trajectory, reaching USD$18.556 billion, a 28.1% year-on-year growth, reported the Taiwan Association of Machinery Industry (TAMI). That would be $522.562 billion in Taiwan dollars, a 20.4% annual growth, marking a record high in the same period. Moreover, machinery exports have maintained double-digit growth f...

Taiwan's local outbreak between May and July has eased up as successful measures essentially stamped out the local spread and amid rising inoculation rates. However, this is only to see the rest of the world buckle against the Delta variant after global economies enjoyed a brief respite over the spring and early summer. What's worryingly is how aside from East Asian nations, where the world's maj...

The steel markets in Vietnam and Malaysia have been severely impacted by the COVID-19 surge in Southeast Asia. China Steel experts say while demand exists, it remains overshadowed by the pandemic. A strong rebound is expected once the outbreak lets up, they say. Lockdown restrictions on Ho Chi Minh City and nationwide have led to closures and challenges in importing materials and exporting pro...