Machinery maker Hiwin Technologies Corp (上銀) and Siemens AG yesterday signed a memorandum of understanding, vowing to create a “smart” machinery industry.
Hiwin and Siemens are to work together to integrate machine tools and “smart” controllers in a bid to enhance the value chain of Taichung’s machine tool industry.
“Hiwin hopes to expand cooperation with Siemens further, especially on five-axis machines,” Hiwin chairman Eric Chuo (卓永財) told a news conference in Taichung.
Hiwin’s subsidiary, Luren Precision Co (陸聯精密), has developed a five-axis bevel gears machine combined with Siemens’ controllers, which would give Hiwin access to the high-end machine tools market, Chuo said.
Besides developing more innovative products, the two companies agreed to introduce high-end products to downstream customers in the construction of “smart” factories.
“By partnering with Hiwin, Siemens is moving to bolster the industry’s efficiency and competitiveness,” Siemens Taiwan president Erdal Elver told reporters.
Hiwin’s robotic arms products are to be equipped with Siemens’ control systems and industrial computers, improving efficiency, Siemens said.
“Smart” manufacturing can reduce time costs by 30 percent and the possibility of collision by 90 percent respectively, Siemens data showed.
At the signing ceremony, Taichung Mayor Lin Chia-lung (林佳龍) revealed the city’s plans to improve competitiveness in the sector.
The city government has commissioned the Industrial Technology Research Institute (工研院) to establish a “smart” machinery demonstration site and pilot production lines at Taichung Gateway Park (水湳經貿園區).
The demo site would help precision machinery and aerospace companies in Taichung to move toward Industrie 4.0, the city government said.
The city government is also planning to invest about NT$4.7 billion (US$147.2 million) in a new exhibition center for the machinery industry.
“We also hope to acquire about 300 hectares of land for ‘smart’ machinery,” Lin said, without elaborating.
The Executive Yuan has vowed to make Taichung the global capital of “smart” machinery.
Merida Industry Co (美利達) has seen signs of recovery in the US and European markets this year, as customers are gradually depleting their inventories, the bicycle maker told shareholders yesterday. Given robust growth in new orders at its Taiwanese factory, coupled with its subsidiaries’ improving performance, Merida said it remains confident about the bicycle market’s prospects and expects steady growth in its core business this year. CAUTION ON CHINA However, the company must handle the Chinese market with great caution, as sales of road bikes there have declined significantly, affecting its revenue and profitability, Merida said in a statement, adding that it would
MARKET LEADERSHIP: Investors are flocking to Nvidia, drawn by the company’s long-term fundamntals, dominant position in the AI sector, and pricing and margin power Two years after Nvidia Corp made history by becoming the first chipmaker to achieve a US$1 trillion market capitalization, an even more remarkable milestone is within its grasp: becoming the first company to reach US$4 trillion. After the emergence of China’s DeepSeek (深度求索) sent the stock plunging earlier this year and stoked concerns that outlays on artificial intelligence (AI) infrastructure were set to slow, Nvidia shares have rallied back to a record. The company’s biggest customers remain full steam ahead on spending, much of which is flowing to its computing systems. Microsoft Corp, Meta Platforms Inc, Amazon.com Inc and Alphabet Inc are
RISING: Strong exports, and life insurance companies’ efforts to manage currency risks indicates the NT dollar would eventually pass the 29 level, an expert said The New Taiwan dollar yesterday rallied to its strongest in three years amid inflows to the nation’s stock market and broad-based weakness in the US dollar. Exporter sales of the US currency and a repatriation of funds from local asset managers also played a role, said two traders, who asked not to be identified as they were not authorized to speak publicly. State-owned banks were seen buying the greenback yesterday, but only at a moderate scale, the traders said. The local currency gained 0.77 percent, outperforming almost all of its Asian peers, to close at NT$29.165 per US dollar in Taipei trading yesterday. The
The US overtaking China as Taiwan’s top export destination could boost industrial development and wage growth, given the US is a high-income economy, an economist said yesterday. However, Taiwan still needs to diversify its export markets due to the unpredictability of US President Donald Trump’s administration, said Chiou Jiunn-rong (邱俊榮), an economics professor at National Central University. Taiwan’s exports soared to a record US$51.74 billion last month, driven by strong demand for artificial intelligence (AI) products and continued orders, with information and communication technology (ICT) and audio/video products leading all sectors. The US reclaimed its position as Taiwan’s top export market, accounting for