Despite a drop in the number of foreign visitors, the auto electronics exposition still received positive feedback during the four days of the exhibition that ended yesterday, the show's organizer said.
The two-in-one show -- featuring the Taipei International Auto Parts and Accessories Show (Taipei AMPA) and Taipei International Automobile Electronics Show (AutoTronics Taipei) -- attracted more than 4,300 foreign visitors.
But the figure was down compared with some 5,000 foreign buyers who visited the Taipei AMPA alone last year, when both shows were held separately on different days, the show organizer the Taiwan External Trade Development Council
"In addition to the Easter holiday, which affected the turnout, Shanghai is holding a similar show in two weeks' time, which may have attracted some buyers, especially those who want to check out lower-priced products," said Kevin Wu (吳春見), a TAITRA manager, on the sidelines of the show's wrap-up press conference yesterday.
The biennial Chinese show, the 12th International Automobile and Manufacturing Technology Exhibition, will take place at the Shanghai New International Expo Center from April 22 to April 28.
But buyers looking for potential suppliers of better quality and higher-end products still opted to come to Taipei, Wu said.
In general, the Taipei show garnered positive feedback from exhibitors and visiting buyers alike.
For instance, Magna International Inc, Canada's largest auto parts supplier which is reportedly interested in acquiring DaimlerChrysler AG's Chrysler division, is mulling plans to set up a research and development center in Taiwan, TAITRA said.
"Magna executives were impressed by Taiwan's competitiveness in the auto electronics industry. They are considering setting up research facilities here to make use of domestic resources," said Kevin Wei (
Exhibitors from across the Strait also spoke positively of the Taipei show, Wei said.
A Chinese company, which took part in the Taipei show for the first time this year, has asked for more booth space next year, saying 80 percent of the visitors were professional buyers looking to seal deals, Wei said.
His sentiment was echoed by local vendors.
"The show offers us a good platform to say hi to existing clients, at the same time exploring the needs of new customers," said Wang Yi-hui (王怡慧), a sales manager with Depo Auto Parts Industrial Co (帝寶工業), one of the nation's leading suppliers of automobile lighting products.
Though deals might not be sealed on the spot, the company expects to expand its client portfolio as more than half of the visiting customers to its booths were new ones, she said.
A total of 995 exhibitors displayed their wares at 2,301 booths at the exposition. TAITRA said it planned to further expand the exposition into a three-in-one show by incorporating the motorcycle industry show next year.
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Advanced Micro Devices Inc (AMD) suffered its biggest stock decline in more than a month after the company unveiled new artificial intelligence (AI) chips, but did not provide hoped-for information on customers or financial performance. The stock slid 4 percent to US$164.18 on Thursday, the biggest single-day drop since Sept. 3. Shares of the company remain up 11 percent this year. AMD has emerged as the biggest contender to Nvidia Corp in the lucrative market of AI processors. The company’s latest chips would exceed some capabilities of its rival, AMD chief executive officer Lisa Su (蘇姿丰) said at an event hosted by
TECH JUGGERNAUT: TSMC shares have more than doubled since ChatGPT’s launch in late 2022, as demand for cutting-edge artificial intelligence chips remains high Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday posted a better-than-expected 39 percent rise in quarterly revenue, assuaging concerns that artificial intelligence (AI) hardware spending is beginning to taper off. The main chipmaker for Nvidia Corp and Apple Inc reported third-quarter sales of NT$759.69 billion (US$23.6 billion), compared with the average analyst projection of NT$748 billion. For last month alone, TSMC reported revenue jumped 39.6 percent year-on-year to NT$251.87 billion. Taiwan’s largest company is to disclose its full third-quarter earnings on Thursday next week and update its outlook. Hsinchu-based TSMC produces the cutting-edge chips needed to train AI. The company now makes more
NEXT GENERATION: The new 3-nanometer chip has 28 percent more transistors and offers up to 80 percent faster language model performance than its predecessor MediaTek Inc (聯發科) on Wednesday launched a new flagship smartphone chip, Dimensity 9400, made with Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) enhanced 3-nanometer technology, aiming to bring more artificial intelligence (AI) applications to edge devices like phones. The Dimensity 9400 is the second smartphone chip using TSMC’s second-generation 3-nanometer technology, after Apple Inc’s A18 Pro chip for the new iPhone 16 series. The new mobile chip has 28 percent more transistors, offers up to 80 percent faster large language model performance and is up to 35 percent more power-efficient than its predecessor, Dimensity 9300, MediaTek said. Chinese smartphone makers Xiaomi Corp (小米),
RSS