These are in-depth pre- and post-show reports on major international trade fairs, held in Taiwan and other countries with significant participation by Taiwanese manufacturers and exporters. They are offered to help global buyers and other readers better understand what is going on at the fairs and the latest offerings by Taiwanese exhibitors.
The Industrial Technology Research Institute (ITRI) reported careful consideration of the domestic and foreign political and economic situations at its "2023 Taiwan Manufacturing and Semiconductor Industry Prosperity Outlook Press Conference," where the institution released the forecast results of the 2023 Taiwan Manufacturing and Semiconductor Industry Prosperity Outlook. ITRI revised the ma...
After Nike's inventory was reported at higher levels than market expectations, German sporting goods giant Adidas followed suit and lowered its financial forecast for this year. As a result, Taiwan's footwear industry is expected to slow down in the fourth quarter regarding orders and shipments, with unclear visibility for 2023 Q4. Taiwan's top garment manufacturer Top Star-KY admitted that th...
Keysight, a major measurement equipment manufacturer, named four major technological trends that must be focused on in the future on Thursday, which included 5G/6G, autonomous driving, quantum and high-performance computing, and implementing digital twins. However, Keysight believes that the electric vehicle ecosystem must adopt common standards and that implementing digital twins will change the...
The Taiwan Machine Tool & Accessory Builders' Association held a general member meeting on Oct. 14, which saw the attendance of major machine tool brands in Taiwan. Top machine tool supplier Hiwin Group President Cho Yung-tsai pointed out that although the market demand in mainland China has slowed down recently, the orders received in Europe, America, Japan and other regions all showed consid...
With the U.S. interest rate hike policy remaining unchanged, the Russian-Ukrainian war is showing no signs of stopping, and in addition, the exchange rate of the Japanese Yen and the Korean Won has greatly depreciated; these multiple factors present challenges to Taiwan's machinery industry. Domestic companies, including Goodway Machine, Tongtai, Kao Fong, AirTAC, Hiwin, and other machine tool...
The Japanese yen exchange rate against the U.S. dollar has fallen sharply, hitting a new low in the past 24 years. Hsu Wen-hsian, chairman of the Taiwan Machine Tool & Accessories Builders' Association (TMBA), said that the average orders received by machine tool factories have declined by 30% to 40%. Taiwan's machine tool suppliers could face even worse situations as the Japanese Yen, and South ...
According to the Taiwan Association of Machinery Industry’s (TAMI) statistics, the machinery exports performed admirably well despite the evolving global geopolitical situations. Overall, machinery export trends showed that demand exists; however, the issue remains whether the suppliers can deliver products to customers on time due to supply chain constraints, rising prices, and difficulties in o...
Taiwan Machinery Association announced on Thursday that the export value of machinery and equipment in May this year was marked at USD$2.88 billion, a decrease of 4.5% month-on-month and 1.1% year-on-year results. This is the first decline after 20 consecutive months of growth. The exports to China showed a double-digit decline for three consecutive months, indicating that the industry demand ha...
Due to the impact of the COVID-19 pandemic, the world-renowned industrial show Hannover Messe has finally returned after a two-year hiatus, having kicked off on Monday. TECO Group, together with a European affiliated company Motovario S.p.A., a major Italian reducer manufacturer, jointly exhibited three major themes: "Carbon Neutral Solutions", "Smart Mobility Solutions" and "Smart Manufactur...
Taiwan Machine Tool and Accessory Builders' Association Hsu Wen-hsien said on Monday that prices for international steel, nickel, copper, and other raw materials have soared, coupled with the uncertainty of the Russian-Ukrainian war, domestic machine tool factories' have seen a recent decrease of orders around 20%. The association has decided to adjust the export forecast of machine tools this ye...
