The volume of Taiwan’s machine tool exports is expected to increase 15 percent to 20 percent this year as market demand remains brisk, the Taiwan Association of Machinery Industry (TAMI) forecasted yesterday.
Data from TAMI shows that the volume of machinery exported by Taiwan amounted to US$15.43 billion last year, up 7 percent over the previous year.
Meanwhile, machinery imports dropped 1.2 percent to US$18.36 billion.
Of all the types of machinery exported by Taiwan last year, machine tools accounted for the largest sum at US$3.47 billion, representing growth of 17.1 percent from 2006.
TAMI Chairman Huang Po-chih (黃博治) noted that last year was fruitful for Taiwan’s machine tool industry.
The increase was attributed to the fast growth seen in Taiwan’s largest export markets, including China, North America, Europe, Southeast Asia and Southwest Asia.
China and Hong Kong were Taiwan’s largest machine tool consumers last year, with exports to the area increasing 14.8 percent from the previous year to reach US$1.28 billion.
China and Hong Kong accounted for 36.9 percent of Taiwan’s total exports, TAMI data showed.
Exports to the US rose 5.2 percent to amount to US$339 million last year, accounting for 9.8 percent of the total.
Exports to Turkey climbed 10.1 percent to amount to US$167 million, accounting for 4.8 percent of the total.
According to Huang, Taiwan is one of only a few producers and exporters of machinery in the sub-tropical region.
Huang said the value of machine tool exports by Taiwan ranked the fourth highest worldwide last year, behind only Germany, Japan and Italy.
On the outlook for this year, Huang predicted that demand would continue to increase in machine tool markets such as Europe, India, Brazil and Russia.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
RSS