Machine tools rise 8.5%
Machine tool exports rose 8.5 percent last month from the previous month to US$302.51 million, the Taiwan Machine Tool and Accessory Builders’ Association said yesterday, citing preliminary government statistics. Total machine tool exports for the first 10 months this year fell 18.4 percent year-on-year to US$2.93 billion. Association secretary-general Carl Huang (黃建中) said exports for the whole of the year would likely contract by about 15 percent from last year and fall to levels seen in 2008. Huang said exports would rebound next year, but cautioned that the recovery would not be as strong as it was after the global financial crisis in 2008.
Possible US shift: Hon Hai
Hon Hai Precision Industry Co (鴻海) chairman Terry Gou (郭台銘) is considering shifting the company’s high-end manufacturing to the US in light of the US’ new focus on the employment of high-tech talent and because the US has always been the center of high-tech design research and development he said on Monday at a meeting of the US-Taiwan Business Club in New York. This will be a good beginning for trade between Taiwan and the US in the future and may even help Taiwan’s bid to join the Trans-Pacific Partnership, a US-backed trade agreement being negotiated among 12 countries, Gou said.