Taiwanese companies could generate more than US$134 billion in gross output of goods and services by 2035 from 5G-related applications, particularly in those built for the Internet of Things (IoT), the latest report released by Qualcomm Inc showed.
The economic impact from the next-generation wireless technology will also include the creation of 510,000 jobs in Taiwan over the next 18 years or so, according to a report, The 5G Economy, released by Qualcomm Technologies Inc, a Qualcomm subsidiary, on Friday.
The research was jointly conducted by IHS Markit.
IHS said that 5G technology represents a new opportunity for Taiwan to move beyond its traditional role of the major supplier of component, semiconductor and contract manufacturing services to the world’s information and telecommunications sector.
The nation could remain well-positioned to serve the 5G-related electronics manufacturing during the early developing phase of 5G technology from 2020 to 2025, but it might lose market share to its Asian rivals, especially China and Vietnam, as local manufacturers tend to focus on boosting scale and cost efficiency, making them more vulnerable to competition, IHS said.
Taiwan is to see its global market share in the computer, electronics and optoelectronics sector, drop 2.2 points to 5.2 percent in 2035 from 7.4 percent in 2015, IHS said.
China will grab a bigger slice of the pie, rising from a 27.4 percent share of the market to 32.1 percent during that period, it said.
Government industrial policies that encourage more focus on research and development and manufacturing of higher-value semiconductors such as 5G chipsets could help Taiwan retain, or possibly expand, its market share, IHS said.
The study “reinforces our confidence in the tremendous opportunity for further collaborations with the mobile ecosystem in Taiwan,” Jim Cathey, president of Qualcomm’s Asia-Pacific and India regions, told a media briefing in Taipei on Friday.
Qualcomm on Monday last week announced it planned to collaborate on 5G NR-enabled small cell technologies with the Industrial Technology Research Institute in an effort to accelerate delivery and commercialization of 5G NR small cell products and infrastructure by Taiwanese original equipment manufacturers (OEM) and original design manufacturers (ODM).
Also on Friday, Qualcomm discussed progress made by its innovation lab in Taiwan, which was formed in November last year to help local ODMs and OEMs gain faster access to the global market at lower costs.
More than 20 Taiwanese customers have tested their advanced products at the lab since its launch, and about 240 products, including smartphones, IoT and wearable devices, either had their cameras adjusted, or 4G LTE modules tested, the company said.
The lab will also support testing on small cells and IoT devices enabled by 5G technology, when 5G technology becomes relevant, S.T. Liew (劉思泰), president of Qualcomm’s local unit, told the briefing.
DIVIDED VIEWS: Although the Fed agreed on holding rates steady, some officials see no rate cuts for this year, while 10 policymakers foresee two or more cuts There are a lot of unknowns about the outlook for the economy and interest rates, but US Federal Reserve Chair Jerome Powell signaled at least one thing seems certain: Higher prices are coming. Fed policymakers voted unanimously to hold interest rates steady at a range of 4.25 percent to 4.50 percent for a fourth straight meeting on Wednesday, as they await clarity on whether tariffs would leave a one-time or more lasting mark on inflation. Powell said it is still unclear how much of the bill would fall on the shoulders of consumers, but he expects to learn more about tariffs
Meta Platforms Inc offered US$100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker’s talent and strengthen its own generative artificial intelligence (AI) teams, OpenAI CEO Sam Altman has said. Facebook’s parent company — a competitor of OpenAI — also offered “giant” annual salaries exceeding US$100 million to OpenAI staffers, Altman said in an interview on the Uncapped with Jack Altman podcast released on Tuesday. “It is crazy,” Sam Altman told his brother Jack in the interview. “I’m really happy that at least so far none of our best people have decided to take them
NOT JUSTIFIED: The bank’s governor said there would only be a rate cut if inflation falls below 1.5% and economic conditions deteriorate, which have not been detected The central bank yesterday kept its key interest rates unchanged for a fifth consecutive quarter, aligning with market expectations, while slightly lowering its inflation outlook amid signs of cooling price pressures. The move came after the US Federal Reserve held rates steady overnight, despite pressure from US President Donald Trump to cut borrowing costs. Central bank board members unanimously voted to maintain the discount rate at 2 percent, the secured loan rate at 2.375 percent and the overnight lending rate at 4.25 percent. “We consider the policy decision appropriate, although it suggests tightening leaning after factoring in slackening inflation and stable GDP growth,”
PLANS: MSI is also planning to upgrade its service center in the Netherlands Micro-Star International Co (MSI, 微星) yesterday said it plans to set up a server assembly line at its Poland service center this year at the earliest. The computer and peripherals manufacturer expects that the new server assembly line would shorten transportation times in shipments to European countries, a company spokesperson told the Taipei Times by telephone. MSI manufactures motherboards, graphics cards, notebook computers, servers, optical storage devices and communication devices. The company operates plants in Taiwan and China, and runs a global network of service centers. The company is also considering upgrading its service center in the Netherlands into a
RSS