"Taiwan's machine tool industry is facing an unprecedented crisis," stated Chuang Tai Li, Chairman of the Taiwan Association of Machinery Industry (TAMI). He highlighted the challenges posed by the continuous depreciation of the Japanese yen, which has led to Japanese companies dominating orders for Taiwan's high-end models. Simultaneously, low and medium-end models face fierce competition from m...

According to the latest report from the Market Intelligence & Consulting Institute (MIC), electric vehicles are now competing in terms of price and market concentration. To stand out, major automotive manufacturers are focusing on integrating AI for assisted driving, autonomous driving, and advanced cockpit applications. For Taiwanese manufacturers, this presents a prime opportunity to join th...

China has announced the suspension of ECFA tariff benefits for Taiwan's machinery products, prompting concern from the Taiwan Association of Machinery Industry (TAMI). "The most unfortunate outcome has occurred," TAMI lamented. Preliminary estimates suggest the impact will extend beyond losing 8% to 10% tariff benefits; the most significant consequence will be a decline in market share for Taiwan...

Fueled by the global push for net-zero emissions, smart cities, and the Internet of Things (IoT), the global lighting market is set for significant growth by 2024. Smart lighting will lead the way, with the market becoming increasingly segmented and specialized. New applications will emerge in areas such as medical and aesthetic lighting, educational lighting, health lighting, outdoor cultural an...

David Hsieh, Senior Director of Display Research at Omdia, recently stated that 2024 marks a year of recovery for the panel industry. Major panel manufacturers are expected to shift from losses to profits by the second quarter, with a peak in panel prices anticipated in the third quarter. This recovery is driven primarily by a projected 10% annual increase in the area of TV panels and growing dem...

Recent years have witnessed a steady increase in Taiwan's hand tools exports, achieving record levels despite the challenges brought by the COVID-19 pandemic. However, there's been a gradual slowdown in industry demand. In the third quarter of 2022, export growth dwindled to a mere 0.1% compared to the previous year. This decline persisted into the fourth quarter, with a negative growth rate o...

In a strategic move to propel Taiwan's woodworking machinery industry towards greater intelligence, connectivity, safety, sustainability, and efficiency, the Ministry of Economic Affairs, Industrial Development Administration unveiled "The Promotional Project for Industrialization of Smart Machinery." This initiative aims to bridge technological gaps in hardware and software through intelligent p...

To enhance air quality and safeguard public health and living conditions, Taiwan's Ministry of Environment has initiated the second phase of its air pollution prevention program. This phase involves expanding electric vehicle charging stations across various regions. Eight county and city governments, including New Taipei City and Taoyuan City, have been selected, with nearly 500 publicly owned s...

The furniture industry is experiencing a surge in demand ahead of the Lunar New Year celebration in January. Scanteak reported its third-highest revenue for the month, while BAUSEN also achieved its second-highest revenue during the same period. BAUSEN, with a primary market in the U.S., is optimistic about the rising demand for home decoration spurred by the housing market. Taiwan's premier f...

The Ministry of Transportation and Communications (MOTC) has been for many years committed to the vision and goal of "Smart Transportation & Smart Living", incorporating cutting-edge ICT technologies such as artificial intelligence, big data, drones, cloud computing, and 5G communication into land, sea, and air transportation systems to provide more convenient services to the people. In order to ...