Taiwan Cabinet recently held the 10th Bio Taiwan Commission (BTC) meeting, announcing that the government plans to cultivate at least two flagship medical equipment firms on the island each to generate annual revenue outstripping NT$10 billion (US$333.3 million), and shape the island into a clinical trial hub in Asia, by integrating resources from Ministry of Science and Technology (MOST), the Mi...

At the 2014 Bio Taiwan Commission (BTC) meeting, the Taiwan Cabinet forecasts that with its policy support the bio-economy in Taiwan could generate annual revenue of about NT$3.18 trillion (US$106 million) by 2020. The Cabinet also announced promoting the development of international long-term healthcare industry on the island, to further expand production value of non-national health insuranc...

Hwa Fong Rubber Ind., Ltd., a major tire manufacturer with plants worldwide, recently announced its Thai subsidiary, Hwa Fong Rubber (Thailand) PLC, has purchased 35,640 sq.m. of land in Thailand for 160 million baht and plans to construct its third factory there. The Thai subsidiary reportedly plans to invest additional 500 million to 600 million baht to construct the new factory, which w...

Strong global demand for newer and higher-standard electronic products helped boost the January-August revenues generated by companies in the Central Taiwan Science Park (CTSP) by 12.1% year-on-year (YoY), to an eye-popping NT$330.2 billion (US$11 billion). Y.C. Wang, director-general of the CTSP Administration, said that with large enterprises continuously moving in, the CTSP, one of Taiwan's...

Ruentex Group of Taiwan, a major construction conglomerate on the island also engaged in healthcare, textile and garment, finance etc., recently said that it has reached consensus with Taiwan's Medigen Biotech Corp. (MBC) to export turnkey vaccine plant. Established in 1999, MBC has gradually grown into a comprehensive biopharmaceutical corporation engaged in new drug development, drug innovat...

Taiwan's Industrial Economics & Knowledge Center (IEK) under Industrial Technology Research Institute recently announced its forecast for Taiwan's overall manufacturing sector, saying that the manufacturing industry will face three uncertainties in 2015. Taiwan's overall manufacturing-sector production value is estimated to increase only 2.86% in 2015, IEK says, lower than the 3.26% growth in ...

TV vendors are rolling out more affordable large-size 4K2K TV sets in North America ahead of the busy Christmas shopping season. Growing demand for the ultra high definition (UHD) sets is expected give a boost to Taiwanese suppliers of such TV panels, industry sources predict. Vizio, the second-largest TV brand in North America, launched its 50-inch 4K2K LCD TVs priced at just US$998 through Wal...

TPV Technology Ltd., a major contract LCD TV assembler headquartered in Taiwan, is expected to ship some 16 million LCD TVs in 2014, while the firm's annual TV-panel procurement from Taiwanese suppliers is estimated to hit about NT$100 billion (US$3.33 billion). In H1, 2014, TPV shipped 7.4 million LCD TVs, up 20.8% year-on-year (YoY). Some institutional investors forecast that the firm's ...

Due to higher technical threshold of Apple's new iPad Air 2 tablet PC, Radiant Opto-electronics Corp., a major supplier of flat panel display (FPD) backlighting modules based in Taiwan, has become the sole supplier, according to industry sources. Two Taiwanese companies, including Radiant and Coretronic Corp., supplied such backlighting for Apple's iPad Air. Reportedly the world's thinn...

Sanyang Industry Co., Ltd. of Taiwan, maker of automobiles and powered two-wheelers (PTWs), signed a cooperation agreement, effective August 1, 2014 to July 31, 2018, with Korean automaker Kia Motor Corp. to assemble vehicles on the island over the next four years. Sanyang already assembles Hyundais, another Korean brand. The new agreement with Kia calls for the Taiwanese partner to locally pr...