China is seeking new cooperative ventures with Taiwanese manufacturers to seize new business opportunities in the fields of smart devices and cloud computing as well as develop its own technologies and supply chain, a Chinese official said yesterday.
Discussing the paradigm shift from PCs to smart devices in the communications industry, Chinese Deputy Minister of Industry and Information Technology Xi Guohua (奚國華) said: “This change will pose a challenge for China ... The two sides [Taiwan and China] should collaborate to form smart devices [supply chain] including microprocessors, allowing us to benefit from this change.”
“Taiwan and China complement each other,” with China’s huge domestic market and Taiwan is good at expert manufacturing, Xi told a forum arranged by the Sinocon Industrial Standards Foundation (華 聚產業共同標準推動基金會) in Taipei.
The fact that Apple Inc enjoys a higher profit margin than Microsoft Corp reflects this trend, as Apple’s iPhone and iPad have altered the way people use handheld devices, Xi added.
The emergence of cloud computing technology would accelerate this industry shift, with shipments of smart devices expected to exceed laptop computer shipments soon, Xi said, adding that cloud computing technology could be another key area of collaboration between Taiwan and China. He did not provide any further details.
As the urbanization of rural areas was one of the key programs in China’s new five-year economic development plan, Xi said that could prove a boon for Taiwanese manufacturers.
This program also intends to expand the spread of broadband links to the Internet and boost connectivity in remote rural villages, following the almost universal adoption of telephones and electricity in targeted areas, Xi said.
“We will need a lot of networking equipment for infrastructure deployment and a lot of portable devices such as smartphones,” Xi told reporters.
No specific procurement deals had yet been finalized, he said.
Yesterday, Taiwan inked three new memorandums of understandings with China to push for the formation of common technology standards in the LCD, LED lighting and solar sectors, paving the way for Taiwanese companies to establish a larger presence in the Chinese market.
“Common technological standards will provide a basis for companies to sell new products to the market,” Xi said.
On Monday, Xi is scheduled to visit Hon Hai Precision Industry Co (鴻海精密), which makes iPhones and iPads, local solar cell maker Neo Solar Power Corp (新日光), laptop maker Asustek Computer Inc (華碩電腦) and Delta Electronics (台達電) as well as other local firms, Sinocon foundation said.
MARKET BOOST: Elon Musk said Tesla would resume bitcoin transactions once there is ‘reasonable’ clean energy usage by miners and denied selling a big part of his holdings Bitcoin yesterday hit a two-week peak just shy of US$40,000, after another weekend reacting to tweets from Tesla Inc chief executive Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin, but might resume transactions using it. Bitcoin has gyrated to Musk’s views for months since Tesla announced a US$1.5 billion bitcoin purchase in February and said it would take the cryptocurrency in payment. He later said the electric vehicle maker would not accept bitcoin due to concerns over how mining the currency requires high energy use and contributes to climate change. “When there’s confirmation of reasonable
China Steel Corp (中鋼), the nation’s biggest steelmaker, yesterday said that it would not be raising prices for some products next month, ending 12 consecutive months of increases. “There is a discrepancy between China Steel’s prices and international prices, but in consideration of price stability, we have decided not to adjust upward monthly-priced products,” the company said in a statement. That means the price of hot-rolled steel plates, hot-rolled steel coils, cold-rolled steel coils and other monthly-priced items would not change next month. However, the cost of other items priced seasonally would be going up, the company said, adding that prices of products
Synopsys Inc, a US-based electronic design automation solutions provider, yesterday said that it has signed up more than 20 of its clients for the latest device made using the most recent advanced process developed by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電). Synopsys’ DesignWare IP, which is used by designers of integrated circuits, has been used by more than 20 clients in a wide range of industries, including automotive electronics, artificial intelligence, high-performance computing devices and servers, the company said in a statement. The DesignWare IP solution was made using TSMC’s advanced 5 nanometer process, its latest technology, which the semiconductor giant launched
MOVING ON UP: Taiwan improved in all four areas measured by the IMD, making its biggest leap, from 17th to sixth place, in economic performance Taiwan moved up three spots from last year to place eighth, its best performance since 2013, in the latest annual world competitiveness rankings, released yesterday by the International Institute for Management Development (IMD). Innovation, digitalization, welfare benefits and social cohesion are critical to economic performance, with Switzerland, Sweden, Denmark, the Netherlands and Singapore making up the top five on the list this year, the Switzerland-based institute said, after grading 64 countries and regions based on economic performance, infrastructure, and government and business efficiency. “Leading performers are characterized by varying degrees of investment in innovation, diversified economic activities and supportive public policy,” IMD