The biennial Taipei Manufacturing Technology Show (MT duo), which opens tomorrow, will have a stronger Swiss presence than ever.
This is because the European country sees Taiwan as a trading partner with a lot of potential, the Swiss office in Taiwan said yesterday.
A Swiss pavilion, the only national pavilion of the show, will be set up for the first time and feature more than 10 major Swiss machine tool makers, according to the Trade Office of Swiss Industries.
“The prominent Swiss machine tool presence at the MT duo indicates the importance and the vitality of this industry,” the office said in a statement.
Visitors to the exhibition will be able to see the latest in Swiss machine tools and tooling used in a wide spectrum of industrial applications, it said.
Citing the Machine Tool Output & Consumption Survey last year, the office said that Taiwan and Switzerland occupied prominent positions in the global machine tool business.
Taiwan was the world’s fourth-largest exporter of machine tools last year, with machine tool export value reaching US$4 billion, while Switzerland had machine tool exports of more than US$2.9 billion, ranking fifth in the world, the survey showed.
Sunny Sheu, the Swiss office’s marketing manager, said Switzerland sees Taiwan, one of its main global clients, as a key base in its machine tool industry.
According to government data, Switzerland was Taiwan’s second-largest supplier of machine tools last year after Japan, with sales of US$71.12 million, up 51.4 percent from 2010, and accounting for 8.6 percent of Taiwan’s total machine tool imports.
A total of 300 local and foreign exhibitors, including foreign companies such as DMG Mori Seiki, Mazak and Yamazaki, have registered to exhibit at the show, according to the Taiwan External Trade Development Council, which is organizing the show.
The show will take place from tomorrow until Sunday at the Taipei World Trade Center’s Nangang Exhibition Hall.
Vincent Wei led fellow Singaporean farmers around an empty Malaysian plot, laying out plans for a greenhouse and rows of leafy vegetables. What he pitched was not just space for crops, but a lifeline for growers struggling to make ends meet in a city-state with high prices and little vacant land. The future agriculture hub is part of a joint special economic zone launched last year by the two neighbors, expected to cost US$123 million and produce 10,000 tonnes of fresh produce annually. It is attracting Singaporean farmers with promises of cheaper land, labor and energy just over the border.
US actor Matthew McConaughey has filed recordings of his image and voice with US patent authorities to protect them from unauthorized usage by artificial intelligence (AI) platforms, a representative said earlier this week. Several video clips and audio recordings were registered by the commercial arm of the Just Keep Livin’ Foundation, a non-profit created by the Oscar-winning actor and his wife, Camila, according to the US Patent and Trademark Office database. Many artists are increasingly concerned about the uncontrolled use of their image via generative AI since the rollout of ChatGPT and other AI-powered tools. Several US states have adopted
A proposed billionaires’ tax in California has ignited a political uproar in Silicon Valley, with tech titans threatening to leave the state while California Governor Gavin Newsom of the Democratic Party maneuvers to defeat a levy that he fears would lead to an exodus of wealth. A technology mecca, California has more billionaires than any other US state — a few hundred, by some estimates. About half its personal income tax revenue, a financial backbone in the nearly US$350 billion budget, comes from the top 1 percent of earners. A large healthcare union is attempting to place a proposal before
KEEPING UP: The acquisition of a cleanroom in Taiwan would enable Micron to increase production in a market where demand continues to outpace supply, a Micron official said Micron Technology Inc has signed a letter of intent to buy a fabrication site in Taiwan from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion to expand its production of memory chips. Micron would take control of the P5 site in Miaoli County’s Tongluo Township (銅鑼) and plans to ramp up DRAM production in phases after the transaction closes in the second quarter, the company said in a statement on Saturday. The acquisition includes an existing 12 inch fab cleanroom of 27,871m2 and would further position Micron to address growing global demand for memory solutions, the company said. Micron expects the transaction to
RSS