The local security industry's production value is expected to surge to NT$400 billion (US$12.6 billion) in 2015, from NT$124.5 billion last year, as a result of an aging population, a government official said yesterday.
Thanks to the growing demand for mobile and information security, the security industry offers vast business opportunities, Industrial Development Bureau director-general Chen Chao-yih (陳昭義) told a media briefing yesterday.
"The government believes that the three following products and sectors -- smoke and carbon monoxide detectors, home healthcare monitoring systems for elderly residents and factory safety and production monitors -- offer vast growth potential," Chen said.
"Given the rising number of aging residents, the government estimates that the security industry will see a 15 percent to 16 percent increase in annual production value," Chen said, adding that the monitor business would see the largest growth.
Derek Lee (李文德), of Taipei-based Leadtek Research Inc (麗臺科技), said yesterday that while Taiwan has wide broadband coverage, the company's video phone products, which support both video and voice applications, have yet to secure a solid market share as voice-over Internet protocol (VoIP) continues to dominate the market.
Aside from video phones, Leadtek offers its trademarked Care Phone, an IP camera that interoperates with the video phone.
"In case of an emergency, elderly residents or children left alone at home can simply press a button on the IP camera to link up to the video phone or 3G phone of a family member who can track or observe their status," Lee said.
Companies can also use the combination video phone and IP camera to keep track of production and safety at their factories at home or overseas, Lee said.
The company is now in talks with Chunghwa Telecom Co (
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
Sales RecORD: Hon Hai’s consolidated sales rose by about 20 percent last quarter, while Largan, another Apple supplier, saw quarterly sales increase by 17 percent IPhone assembler Hon Hai Precision Industry Co (鴻海精密) on Saturday reported its highest-ever quarterly sales for the third quarter on the back of solid global demand for artificial intelligence (AI) servers. Hon Hai, also known as Foxconn Technology Group (富士康科技集團) globally, said it posted NT$1.85 trillion (US$57.93 billion) in consolidated sales in the July-to-September quarter, up 19.46 percent from the previous quarter and up 20.15 percent from a year earlier. The figure beat the previous third-quarter high of NT$1.74 trillion recorded in 2022, company data showed. Due to rising demand for AI, Hon Hai said its cloud and networking division enjoyed strong sales
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
RSS