The Taiwan Telematics Industry Alliance (TTIA, 台灣車載資通訊產業聯盟) is joining forces with the government to sell a locally initiated intelligent bus standard and related solutions to China starting next month, eyeing the massive market across the Taiwan Strait to generate the next possible cash cow for Taiwanese companies.
The TTIA and the Ministry of Economic Affairs (MOEA) yesterday showcased what they claimed was the world’s first intelligent bus standard.
They said that exponential business opportunities would be created if bus companies across the Taiwan Strait adopted the solutions.
The solutions offer a number of intelligent features: alerts to warn drivers if they fall asleep or warn passengers if they miss their designated stop, real-time bus stop information on bus screens that also synchronize with passengers’ phones, as well as information about things to do at various bus stops.
“In the past, IT companies were working individually to sell and develop their respective intelligent solutions for vehicles,” Advantech Co (研華) chief technology officer Jeff Chen (陳贊鴻) told reporters.
“Now we have a common platform to link them all up and help us move into overseas markets,” he said.
Advantech is a member of the TTIA, an alliance representing about 100 high-tech companies including Hon Hai Precision Industry Co (鴻海精密) and Chunghwa Telecom Co (中華電信) in developing telematics, or intelligent transportation systems (ITS), used in vehicles.
Earlier this month, the TTIA joined the “Vehicle Infrastructure Transportation Affiliates Laboratory” (VITAL), a global organization led by the University of California, Berkeley, to dedicate resources into the research and development of ITS.
The TTIA created a working group, which includes about 10 members, to work on the ITS for buses, Chen said.
Statistics provided by the MOEA showed that 5.3 million buses are expected to be in use globally in 2013, of which between 6 percent and 8 percent will be using ITS.
In the Chinese market alone, as much as 8 percent of the 2.3 million buses believed to be operating at present are also forecast to turn their vehicles “smart” in 2013, which would present tremendous opportunity for Taiwanese companies if their standard was adopted by Chinese authorities.
Taiwanese will be able to experience smart buses at the Taipei Flora Expo in November.
MOEA officials said 20 such vehicles ferrying visitors from different sites at the expo will be used.
On Tuesday, US President Donald Trump weighed in on a pressing national issue: The rebranding of a restaurant chain. Last week, Cracker Barrel, a Tennessee company whose nationwide locations lean heavily on a cozy, old-timey aesthetic — “rocking chairs on the porch, a warm fire in the hearth, peg games on the table” — announced it was updating its logo. Uncle Herschel, the man who once appeared next to the letters with a barrel, was gone. It sparked ire on the right, with Donald Trump Jr leading a charge against the rebranding: “WTF is wrong with Cracker Barrel?!” Later, Trump Sr weighed
HEADWINDS: Upfront investment is unavoidable in the merger, but cost savings would materialize over time, TS Financial Holding Co president Welch Lin said TS Financial Holding Co (台新新光金控) said it would take about two years before the benefits of its merger with Shin Kong Financial Holding Co (新光金控) become evident, as the group prioritizes the consolidation of its major subsidiaries. “The group’s priority is to complete the consolidation of different subsidiaries,” Welch Lin (林維俊), president of the nation’s fourth-largest financial conglomerate by assets, told reporters during its first earnings briefing since the merger took effect on July 24. The asset management units are scheduled to merge in November, followed by life insurance in January next year and securities operations in April, Lin said. Banking integration,
LOOPHOLES: The move is to end a break that was aiding foreign producers without any similar benefit for US manufacturers, the US Department of Commerce said US President Donald Trump’s administration would make it harder for Samsung Electronics Co and SK Hynix Inc to ship critical equipment to their chipmaking operations in China, dealing a potential blow to the companies’ production in the world’s largest semiconductor market. The US Department of Commerce in a notice published on Friday said that it was revoking waivers for Samsung and SK Hynix to use US technologies in their Chinese operations. The companies had been operating in China under regulations that allow them to import chipmaking equipment without applying for a new license each time. The move would revise what is known
Artificial intelligence (AI) chip designer Cambricon Technologies Corp (寒武紀科技) plunged almost 9 percent after warning investors about a doubling in its share price over just a month, a record gain that helped fuel a US$1 trillion Chinese market rally. Cambricon triggered the selloff with a Thursday filing in which it dispelled talk about nonexistent products in the pipeline, reminded investors it labors under US sanctions, and stressed the difficulties of ascending the technology ladder. The Shanghai-listed company’s stock dived by the most since April in early yesterday trading, while the market stood largely unchanged. The litany of warnings underscores growing scrutiny of