The government is committed to promoting the smart machinery industry with the aim of making Taiwan a global manufacturing hub for intelligent machinery, President Tsai Ing-wen (蔡英文) said yesterday.
The Ministry of Economic Affairs plans to send a team to visit small and medium-sized enterprises (SMEs) to help identify the root cause of their intelligent automation problems and provide necessary assistance, Tsai said.
The government also plans to subsidize SMEs to install smart set-top boxes and link their equipment to the Internet, which could help firms move quickly toward smart management and production, she said.
Photo: Liao Chen-huei, Taipei Times
The president made the remarks at the opening ceremony of the Series of Asia Industry 4.0 & Intelligent Manufacturing Exhibition in Taipei.
The president said she is grateful for the industry’s efforts in developing automation and robotics, and for showing the world the results of these innovative technologies.
The nation’s machinery industry has established a complete supply chain and industrial cluster, generating many jobs, Tsai said, adding that the industry’s production value last year exceeded NT$1 trillion (US$32.57 billion).
To build a competitive advantage and keep up with the “Industry 4.0” trend, businesses should shift from manual labor to intelligent manufacturing, Tsai said.
Industry 4.0, or the fourth industrial revolution, refers to an industrial transformation aided by smart manufacturing and data exchange, such as high-level factory automation and Internet of Things applications.
The government is promoting smart manufacturing and is working to help the traditional precision machinery industry embrace a more intelligent manufacturing model to build the nation into a global manufacturing hub for smart machinery, Tsai said.
The exhibition is to run until Monday next week at the Taipei Nangang Exhibition Center, in tandem with the Taipei International Industrial Automation Exhibition, the Taiwan Automation Intelligence and Robot Show, the Taipei International Logistics & IoT Exhibition, the Taipei International Mold & Die Industry Fair and the Taiwan International 3D Printing Show.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to