The nation’s two major garment suppliers, Quang Viet Enterprise Co (廣越企業) and Makalot Industrial Co (聚陽), are pouring resources into the development of their latest smartwear technologies, company executives said yesterday at Computex Taipei.
“Since 2016, we have been working on research and development for a smart jacket that integrates temperature control and GPS tracking functions,” Quang Viet president Charles Wu (吳朝筆) said on the sidelines of the global trade show.
Quang Viet said it has teamed up with local partners, including the government-backed Taiwan Textile Research Institute (TTRI, 紡研所), broadband system integrator HwaCom Systems Inc (華電聯網) and IP surveillance solution provider Brickcom Corp (金磚通訊科技), to develop the cutting-edge product.
Formosa Taffeta Co (福懋興業), a textile manufacturing arm of Formosa Plastics Group (台塑集團), is to provide functional fabrics used in the new product, Wu said.
The four companies are to receive NT$120 million (US$4.02 million) in funding from the Ministry of Economic Affairs, said Shen Chien-lung (沈乾龍), chief officer of TTRI’s smart textiles division.
Taipei-headquartered Quang Viet, whose customers include North Face Inc and Under Armour Inc, said it is in talks with several brand clients for the launch of its smart jacket.
“The smart clothing would be sold for the fall/winter 2020 season at the earliest, as our brand customers have already placed orders for next year’s shipments,” Wu said, adding that Quang Viet is ready to begin mass production.
The apparel supplier has set the jacket’s selling price at US$399, and aims to attract more brand customers, he added.
Quang Viet plans to spend up to NT$20 million in capital expenditures to accelerate the commercialization of its smartwear product over the next two years, it said.
Meanwhile, Makalot is seeking certifications for its latest functional wear featuring graphene, a material that helps devices detect and monitor electrical activity in the wearer’s heart more accurately.
Makalot, which makes products for Gap Inc, Kohl’s Corp and Target Corp, has been working on the product with Hsinchu-based healthcare solution provider Singular Wings Medical Co (奇翼醫電) for more than two years.
The company aims to differentiate itself from its local peers by providing high-end products that can be used for medical purposes, as technical thresholds and gross margins for this type of product are usually higher, said Tsai Wayi (蔡維溢), executive assistant to Makalot’s chief executive.
In addition to its existing customers, the company is in talks with hospitals in Taiwan and China regarding applications of its smart clothing, Tsai said.
Contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to remain the third-largest IC supplier this year, unchanged from last year, IC Insights said yesterday. IC designer MediaTek Inc (聯發科) is expected to become the 11th-largest, up from 16th last year, the semiconductor market research firm said. TSMC is expected to post US$45.42 billion in sales, up 31 percent from last year, IC Insights said in a report released on its Web site. TSMC’s sales growth is largely due to a surge in orders from Apple Inc and HiSilicon Technologies Co (海思半導體) — two of its major clients — which
SETTING AN EXAMPLE: The commission suspended the bank’s two top executives as ‘a warning to all banks,’ while the fine is the biggest to be given to a bank in a single case The Financial Supervisory Commission (FSC) yesterday fined E.Sun Commercial Bank (玉山銀行) NT$20 million (US$693,698) over a theft scandal and punished the bank’s two top executives. A customer relationship manager surnamed Pan (潘) at the bank’s branch in Kaohsiung’s Fengshan District (鳳山) stole NT$140 million from 41 clients over the past seven years, the commission said. Pan secretly transferred the stolen money to accounts belonging to her and her family members by using clients’ debit cards, passwords or documents that were stamped using the clients’ personal stamps between July 2013 and June this year, the commission said. The commission suspended Ben Chen (陳炳良), the
With the speed cryptocurrency is emerging as the millennial generation’s alternative asset of choice in India, it is hard to imagine that just two years ago a couple of blockchain pioneers were briefly in police custody. Sathvik Vishwanath and Harish BV, cofounders of a then five-year-old start-up, were arrested in late 2018. No, they had not pulled off a shady initial coin offering. Their “crime” was that they put up a kiosk in a mall in Bangalore where customers could swap bitcoin, ether or ripple for cash or vice versa. That was the whole point of unocoin, their crypto token exchange.
BREATH OF LIFE: The firm said the under-utilized plant should start mass production in the first quarter, timed to coincide with Intel Corp’s release of its Ice Lake server chip Hon Hai Precision Industry Co (鴻海精密) plans to assemble key components for Google servers at its plant in Wisconsin, people familiar with the matter said, finally breathing life into a factory that US President Donald Trump hailed as crucial to bringing manufacturing back to the US. The company has decided to locate production for this new contract at the existing complex rather than make the components at home or in China, the people said, asking not to be identified. The under-utilized plant should start mass production in the first quarter, timed with the release of Intel Corp’s Ice Lake server chips,