With the machinery industry slowly seeing renewed growth after the year-long slump due to the coronavirus outbreak, domestic machine tool and parts firms Cheng Tai, AWEA Mechantronic, Tong Tai, He Da, Gao Feng, and Hiwin have all seen significant order increase in Q4. Machinery firms expressed optimism regarding next year’s forecast, indicating a robust upward tick for 2021 revenue compared to...

The Economic Ministry Department of Statistics released last year's factory census report on Tuesday, reflecting the impact from the China-U.S. trade war, showing a 3.8% YoY decline, and NTD$16.9 trillion in revenue. The report found despite the decline, the semiconductor industry showed strong growth amid increasing investments and Taiwanese businesses returning to the island. The situation ...

Media reports Jamicon benefiting the greatest in the Yageo Corporation and Foxconn beginning a strategic collaboration, as the capacitor-maker under Yageo could enjoy a strong growth due to electric vehicle demand. Industry watchers pointed out that while the two firms had no existing partnerships in the past, Foxconn's proactive initiative with Yageo has put the two firms into each others' pa...

According to TrendForce's Topology Research Institute data, global auto sales estimates look optimistic in 2021 and could reach 83.5 million units. Auto brands and Tier 1 suppliers have been rebuilding their inventories this Q4, buoying demand for auto semiconductors. The institute estimates the global auto chips industry value could hit USD$18.67 billion; in 2021, that could grow 12.5% to re...

Several industries have enjoyed a market boom amid the COVID-19 pandemic, bolstered by work-from-home demand, including backlight module (BLM) makers and laptop suppliers. BLM maker Coretronic remarked that with the shortage of panel parts and shipping containers unable to meet demand, the firm's tentative combined delivery volume for energy-saving products would decline in December. Coretr...

The Taiwan Association of Machinery Industry (TAMI) announced November machinery export figures on Tuesday, signaling a lessening YoY contraction. For the past eleven months, Taiwan's machinery equipment total export value reached USD$23.485 billion, while a 5.2% YoY contraction, the figures represented the demand was resuming overseas. November exports saw USD$2.416 billion, a 10.8% increase ...

Global high-end lithium iron phosphate battery maker Aleees saw a rebound in YoY growth, as its combined revenue in November hit NTD$15 million, indicating resumed demand and further increasing its investments in new energy solutions for automotive use. Aleees remarked that the firm is currently replacing its automotive lead-acid batteries with the new lithium iron phosphate options, having be...

Investors are looking into industrial metals, such as copper and nickel, as the COVID-19 vaccine news and the government's stimulus plans have prompted renewed confidence in the manufacturing industry. The vaccine news and U.S. President-elect Joe Biden's win have smoothed out investors' concerns and would serve to bolster the economy. China's increasing procurement of metal products have ...

Taiwan's fasteners have long been the top contributors to the island's exports, renowned globally as a prominent manufacturer. Last year, this island shipped out fasteners valued at USD$4.31 billion, just behind China, Germany, and the U.S. In terms of outbound volume, Taiwan ranks second place worldwide. The local industry here has gained its sterling reputation with their prompt delivery, excel...

The US-China trade tensions have led to global IC leader Arrow Electronic's Arrow Asia PAC becoming the next likely candidate for blacklisting by the U.S. Bureau of Industry and Security (BIS) as a military-end-user (MEU), reported local media on Monday. Over the weekend, Arrow has refuted the claim, saying the BIS has pledged to conduct investigations into the matter before publication on the...