The Taiwan External Trade Development Council (TAITRA, 外貿協會) said it had scheduled a three-day procurement fair at Computex this year, allowing local small and medium-sized enterprises to conduct trade talks with potential buyers on a one-on-one basis.
TAITRA, which helped organize the five-day Computex to be held from tomorrow to Saturday, said it expected to see more than 4,000 procurement talks launched between local exhibitors and foreign buyers this year, creating US$20 billion in business.
At last year’s Computex, TAITRA arranged a two-day procurement fair to assist local firms in capturing business opportunities that generated US$200 million in business.
Based on registration tallies, Computex this year will gather international firms with annual revenues exceeding US$1 billion, such as Japan’s office equipment maker Ricoh Co, Poland’s information technology products distributor ABC Data and Germany’s Siemens AG, TAITRA said.
The event will also see other leading consumer electronics makers and distributors with annual revenues exceeding US$100 million, including firms from Germany, France, Canada, Spain, the US, eastern Europe and the Middle East, TAITRA said.
Meanwhile, a Chinese trade group led by Association of Economy and Trade Across Taiwan Straits (AETATS) chairman Li Shuilin (李水林) was scheduled to arrive in Taiwan yesterday at the invitation of TAITRA.
The trade mission is expected to sign procurement contracts worth several billion US dollars with local IT and home appliances manufacturers, TAITRA said.
TAITRA said it approached AETATS to organize three trade missions this year for total procurements worth between US$8 billion and US$10 billion.
The first group will consist of 46 Chinese companies
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
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
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
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said second-quarter revenue is expected to surpass the first quarter, which rose 30 percent year-on-year to NT$118.92 billion (US$3.71 billion). Revenue this quarter is likely to grow, as US clients have front-loaded orders ahead of US President Donald Trump’s planned tariffs on Taiwanese goods, Delta chairman Ping Cheng (鄭平) said at an earnings conference in Taipei, referring to the 90-day pause in tariff implementation Trump announced on April 9. While situations in the third and fourth quarters remain unclear, “We will not halt our long-term deployments and do not plan to