Taiwanese and US companies signed seven memorandums of understanding (MOUs) at a high-level trade meeting in Washington to enhance cooperation in fields such as renewable energy and 5G communications, the Ministry of Economic Affairs said on Thursday.
The MOUs inked during the first physical meeting under the Technology Trade and Investment Collaboration (TTIC) framework could help both countries enhance cooperation and stabilize global supply chains, said Minister of Economic Affairs Wang Mei-hua (王美花), head of the Taiwanese delegation.
Participating Taiwanese companies included state-run Taiwan Power Co (Taipower, 台電), Aerospace Industrial Development Corp (AIDC, 漢翔航空), Quanta Cloud Technology (雲達科技), HTC Corp (宏達電), TMY Technology Inc (稜研科技) and Edgecore Networks Corp (鈺登), the ministry said.
Photo: CNA
On the US side, representatives from General Electric Co (GE), Intel Corp, RingCentral Inc, Lumen Technologies and DuPont were present.
One of the MOUs involves GE helping AIDC use hydrogen-based power-generation technologies to reduce greenhouse gas emissions and develop its own maintenance capabilities on a turbine-supported electrification project, the ministry said.
GE is also to work with Taipower to achieve its goal of net zero carbon emissions by 2050, the ministry said.
The MOUs also cover information and communications technology cooperation in areas such as smart manufacturing, entertainment, healthcare and 5G connectivity, it said.
Besides attending the TTIC meeting, the first since the body was established in December last year for Taiwan and the US to develop commercial programs and bolster critical technology supply chains, Wang said her trip, which runs from Oct. 9 to tomorrow, has also facilitated exchanges between about 80 Taiwanese and US firms.
Wang said the exchanges had generated a positive response, and she believed there would be more TTIC meetings next year, although the date and location were still to be decided.
Wang was to visit companies in Silicon Valley, including Applied Materials Inc, after wrapping up her visit in Washington yesterday.
She expressed hopes that her visit could generate orders and potential investments of up to NT$30 billion (US$940.91 million).
Wang reiterated Taiwan’s critical role in the global semiconductor industry, supported by a solid industry cluster, high-quality talent and a sound legal framework for semiconductor intellectual property protection.
Any disruption to the semiconductor industry in Taiwan could have a severe impact on the global tech industry and world economy, she said, calling for stable relations between Taiwan and China.
SETBACK: Apple’s India iPhone push has been disrupted after Foxconn recalled hundreds of Chinese engineers, amid Beijing’s attempts to curb tech transfers Apple Inc assembly partner Hon Hai Precision Industry Co (鴻海精密), also known internationally as Foxconn Technology Group (富士康科技集團), has recalled about 300 Chinese engineers from a factory in India, the latest setback for the iPhone maker’s push to rapidly expand in the country. The extraction of Chinese workers from the factory of Yuzhan Technology (India) Private Ltd, a Hon Hai component unit, in southern Tamil Nadu state, is the second such move in a few months. The company has started flying in Taiwanese engineers to replace staff leaving, people familiar with the matter said, asking not to be named, as the
The prices of gasoline and diesel at domestic fuel stations are to rise NT$0.1 and NT$0.4 per liter this week respectively, after international crude oil prices rose last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to rise to NT$27.3, NT$28.8 and NT$30.8 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to rise to NT$26.2 per liter at CPC stations and NT$26 at Formosa pumps, they said. The announcements came after international crude oil prices
STABLE DEMAND: Delta supplies US clients in the aerospace, defense and machinery segments, and expects second-half sales to be similar to the first half Delta Electronics Inc (台達電) expects its US automation business to remain steady in the second half, with no signs of weakening client demand. With demand from US clients remaining solid, its performance in the second half is expected to be similar to that of the first half, Andy Liu (劉佳容), general manager of the company’s industrial automation business group, said on the sidelines of the Taiwan Automation Intelligence and Robot Show in Taipei on Wednesday. The company earlier reported that revenue from its automation business grew 7 percent year-on-year to NT$27.22 billion (US$889.98 million) in the first half, accounting for 11 percent
A German company is putting used electric vehicle batteries to new use by stacking them into fridge-size units that homes and businesses can use to store their excess solar and wind energy. This week, the company Voltfang — which means “catching volts” — opened its first industrial site in Aachen, Germany, near the Belgian and Dutch borders. With about 100 staff, Voltfang says it is the biggest facility of its kind in Europe in the budding sector of refurbishing lithium-ion batteries. Its CEO David Oudsandji hopes it would help Europe’s biggest economy ween itself off fossil fuels and increasingly rely on climate-friendly renewables. While
RSS