A total of 28 local manufacturers have established a vehicle development alliance, targeting the fast-growing global automotive electronics market, the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA, 台灣電機電子公會) said.
The 28 members of Taiwan Vehicle-Team (V-Team), which started operations on Wednesday, include Taiwan Semiconductor Manufacturing Co (台積電), MediaTek Inc (聯發科), Delta Electronics Inc (台達電), China Motor Corp (中華汽車), Hota Industrial Manufacturing Co (和大) and Teco Electric and Machinery Co (東元電機), the association said.
V-Team is led by former minister of economic affairs Woody Duh (杜紫軍), who said that the production value of the global automotive electronics industry last year hit NT$7.8 trillion (US$255.8 billion at the current exchange rate) and is expected to grow to NT$9.71 trillion in 2020 at a compound annual growth rate of about 5.6 percent.
In addition, automotive electronics account for almost 40 percent of a passenger vehicle’s total production costs, with the ratio expected to rise to 60 percent, Duh said.
According to the Industrial Technology Research Institute’s (工研院) Industrial Economics and Knowledge Center, the output of Taiwan’s automotive electronics sector totaled NT$165 billion in 2015, accounting for only 2.1 percent of the global total.
As there is plenty of room for growth in the nation’s automotive electronics business, V-Team should take advantage of potential growth to clinch deals, Duh said.
The alliance has set its sights on international markets and plans to make several overseas trips later this year, he added.
China has claimed a breakthrough in developing homegrown chipmaking equipment, an important step in overcoming US sanctions designed to thwart Beijing’s semiconductor goals. State-linked organizations are advised to use a new laser-based immersion lithography machine with a resolution of 65 nanometers or better, the Chinese Ministry of Industry and Information Technology (MIIT) said in an announcement this month. Although the note does not specify the supplier, the spec marks a significant step up from the previous most advanced indigenous equipment — developed by Shanghai Micro Electronics Equipment Group Co (SMEE, 上海微電子) — which stood at about 90 nanometers. MIIT’s claimed advances last
ISSUES: Gogoro has been struggling with ballooning losses and was recently embroiled in alleged subsidy fraud, using Chinese-made components instead of locally made parts Gogoro Inc (睿能創意), the nation’s biggest electric scooter maker, yesterday said that its chairman and CEO Horace Luke (陸學森) has resigned amid chronic losses and probes into the company’s alleged involvement in subsidy fraud. The board of directors nominated Reuntex Group (潤泰集團) general counsel Tamon Tseng (曾夢達) as the company’s new chairman, Gogoro said in a statement. Ruentex is Gogoro’s biggest stakeholder. Gogoro Taiwan general manager Henry Chiang (姜家煒) is to serve as acting CEO during the interim period, the statement said. Luke’s departure came as a bombshell yesterday. As a company founder, he has played a key role in pushing for the
EUROPE ON HOLD: Among a flurry of announcements, Intel said it would postpone new factories in Germany and Poland, but remains committed to its US expansion Intel Corp chief executive officer Pat Gelsinger has landed Amazon.com Inc’s Amazon Web Services (AWS) as a customer for the company’s manufacturing business, potentially bringing work to new plants under construction in the US and boosting his efforts to turn around the embattled chipmaker. Intel and AWS are to coinvest in a custom semiconductor for artificial intelligence computing — what is known as a fabric chip — in a “multiyear, multibillion-dollar framework,” Intel said in a statement on Monday. The work would rely on Intel’s 18A process, an advanced chipmaking technology. Intel shares rose more than 8 percent in late trading after the
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has appointed Rose Castanares, executive vice president of TSMC Arizona, as president of the subsidiary, which is responsible for carrying out massive investments by the Taiwanese tech giant in the US state, the company said in a statement yesterday. Castanares will succeed Brian Harrison as president of the Arizona subsidiary on Oct. 1 after the incumbent president steps down from the position with a transfer to the Arizona CEO office to serve as an advisor to TSMC Arizona’s chairman, the statement said. According to TSMC, Harrison is scheduled to retire on Dec. 31. Castanares joined TSMC in