Textile maker Formosa Taffeta Co (福懋興業) yesterday said it plans to launch smartwear products that feature temperature control technology by the end of next year at the earliest.
The product, equipped with stretchable electronic inks and films supplied by US-based conglomerate DuPont Co, would be able to connect to mobile devices via Bluetooth, the company said.
Formosa Taffeta said its products would also adopt sensors and controllers supplied by AMPAK Technology Inc (正基科技), a Taiwanese company that focuses on optical communication and wireless multimedia solutions.
Consumers could easily adjust the “smart” clothing’s temperature on their devices, with a 50°C upper limit, the company said.
Formosa Taffeta president Lee Ming-chang (李敏章) said at a launch event in Taipei that the company would be capable of producing 50,000 units of the temperature-controlled apparel each year.
Two apparel brand customers have expressed interest in the new products, which would have a price tag of nearly NT$6,000 per unit, the company said.
Formosa Taffeta did not disclose its capital spending for the research and development of the smartwear, but said the project took about two years to complete.
Formosa Taffeta, a subsidiary of industrial conglomerate Formosa Plastics Group (台塑集團), posted sales of NT$3.24 billion (US$108.03 million) last month, a 3.99 percent increase from NT$3.12 billion a year earlier.
That brought its cumulative revenue in the first 11 months of the year to NT$37.38 billion, up 1.96 percent from NT$36.67 billion in the same period last year, a company filing with the Taiwan Stock Exchange showed.
Specialty fabrics — such as flameproof fabric and anti-static fabric — account for 36.3 percent of the company’s total sales in its industrial material segment, company data showed.
The company’s stock price yesterday dropped 0.98 percent to close at NT$30.4, underperforming the broader market, which decreased 0.44 percent, Taiwan Stock Exchange data showed.
Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador. He credits Salvadoran President Nayib Bukele’s decision to bank on bitcoin three years ago with changing his life. “Before I was unemployed... And now I have my own business,” said the 39-year-old businessman, who uses an app to charge for rides in bitcoin and now runs his own car rental company. Three years ago the leader of the Central American nation took a huge gamble when he put bitcoin
Demand for artificial intelligence (AI) chips should spur growth for the semiconductor industry over the next few years, the CEO of a major supplier to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said, dismissing concerns that investors had misjudged the pace and extent of spending on AI. While the global chip market has grown about 8 percent annually over the past 20 years, AI semiconductors should grow at a much higher rate going forward, Scientech Corp (辛耘) chief executive officer Hsu Ming-chi (許明琪) told Bloomberg Television. “This booming of the AI industry has just begun,” Hsu said. “For the most prominent
PARTNERSHIPS: TSMC said it has been working with multiple memorychip makers for more than two years to provide a full spectrum of solutions to address AI demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it has been collaborating with multiple memorychip makers in high-bandwidth memory (HBM) used in artificial intelligence (AI) applications for more than two years, refuting South Korean media report's about an unprecedented partnership with Samsung Electronics Co. As Samsung is competing with TSMC for a bigger foundry business, any cooperation between the two technology heavyweights would catch the eyes of investors and experts in the semiconductor industry. “We have been working with memory partners, including Micron, Samsung Memory and SK Hynix, on HBM solutions for more than two years, aiming to advance 3D integrated circuit
NATURAL PARTNERS: Taiwan and Japan have complementary dominant supply chain positions, are geographically and culturally close, and have similar work ethics Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and other related companies would add ￥11.2 trillion (US$78.31 billion) to Japan’s chipmaking hot spot Kumamoto Prefecture over the next decade, a local bank’s analysis said. Kyushu Financial Group, a lender based in Kumamoto’s capital, almost doubled its projection for the economic impact that the chip sector would bring to the region compared to its estimate a year earlier, a presentation on Thursday said. The bank said that 171 firms had made new investments since November 2021, up from 90 in an earlier analysis. TSMC’s Kumamoto location was once a sleepy farming area, but has undergone
RSS