Tue, Sep 30, 2014 - Page 13 News List

Taitronics has potential for deals worth US$500m

By Crystal Hsu  /  Staff reporter

Next week’s 40th Taipei International Electronics Show (Taitronics) could help facilitate business deals valued as high as US$500 million (NT$15.25 billion) for local suppliers of electronics gadgets and technology solutions, organizers said yesterday.

The annual electronics fair, staged by the Taiwan External Trade Development Council (TAITRA, 中華民國對外貿易發展協會) and the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA, 電電公會), is to draw more than 500 exhibitors to showcase their latest products and technologies in 1,200 booths at the Taipei World Trade Center Nangang Exhibition Hall from Monday through Oct. 9.

“The exhibition is likely to bring in US$500 million worth of business opportunity,” as heavyweight buyers from the US, Singapore, China, Russia, Brazil and other countries will arrive in Taipei next week, TAITRA executive director Kang Yih-jyh (康益智) told a pre-show news conference.

This year, the show will highlight sustainable electronics and “smart” living with a view to accelerating business opportunity linked to wearable devices and Internet of Things (IOT).

Wearable devices shipments are expected to grow 1.37 times annually this year to 74 million units, led by smartwatches, which may see shipments growth of 50 percent, TEEMA president David Chen (陳文義) said.

“Taiwan’s electronics manufactures should join forces in providing customers with total solutions, not fight single-handedly when exploring IOT business,” he said.

Companies can cooperate in delivering better healthcare, home security, shopping and entertainment experiences, while enhancing people’s overall living environment, the association said.

No individual companies in any sectors can explore this new territory and meet demand alone, Chen said, calling for the integration of hardware and software industries as the next stage of technological evolution.

The show will feature more than 30 new product launches and 300 procurement meetings, organizers said.

Taiwan is home to major contract manufacturers of globally branded mobile devices, laptop computers and peripheral products.

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