The Industrial Technology Research Institute (ITRI, 工研院) and power management company AcBel Polytech Inc (康舒科技) on Tuesday signed a contract in a bid to develop next-generation electric vehicle power devices, the Ministry of Economic Affairs said.
The NT$44 million (US$1.37 million) joint investment plan to develop silicon carbide technologies would be subsidized by the government, the ministry said.
Silicon carbide is a high-efficiency semiconductor material that can help lower power consumption, the ITRI said, adding that similar projects would also fall under the partnership involving Fukuta Electric & Machinery Co (富田電機) and DiodSent Green Technology Co (達信綠能).
Photo courtesy of AcBel Polytech Inc
The ministry said it would invest NT$5 billion from next year to 2026 in the development of electric vehicles and their components, with the funds also to be used to develop system integration platforms and boost electric vehicle testing capacity, the ITRI added.
Global sales of new electric passenger vehicles would surpass those of internal combustion models by 2037, creating an output value of US$2.1 trillion, the ministry said.
The output value of Taiwan’s automobile industry reached NT$300 billion last year and is expected to double by 2025, it said.
JITTERS: Nexperia has a 20 percent market share for chips powering simpler features such as window controls, and changing supply chains could take years European carmakers are looking into ways to scratch components made with parts from China, spooked by deepening geopolitical spats playing out through chipmaker Nexperia BV and Beijing’s export controls on rare earths. To protect operations from trade ructions, several automakers are pushing major suppliers to find permanent alternatives to Chinese semiconductors, people familiar with the matter said. The industry is considering broader changes to its supply chain to adapt to shifting geopolitics, Europe’s main suppliers lobby CLEPA head Matthias Zink said. “We had some indications already — questions like: ‘How can you supply me without this dependency on China?’” Zink, who also
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) received about NT$147 billion (US$4.71 billion) in subsidies from the US, Japanese, German and Chinese governments over the past two years for its global expansion. Financial data compiled by the world’s largest contract chipmaker showed the company secured NT$4.77 billion in subsidies from the governments in the third quarter, bringing the total for the first three quarters of the year to about NT$71.9 billion. Along with the NT$75.16 billion in financial aid TSMC received last year, the chipmaker obtained NT$147 billion in subsidies in almost two years, the data showed. The subsidies received by its subsidiaries —
The number of Taiwanese working in the US rose to a record high of 137,000 last year, driven largely by Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) rapid overseas expansion, according to government data released yesterday. A total of 666,000 Taiwanese nationals were employed abroad last year, an increase of 45,000 from 2023 and the highest level since the COVID-19 pandemic, data from the Directorate-General of Budget, Accounting and Statistics (DGBAS) showed. Overseas employment had steadily increased between 2009 and 2019, peaking at 739,000, before plunging to 319,000 in 2021 amid US-China trade tensions, global supply chain shifts, reshoring by Taiwanese companies and
At least US$50 million for the freedom of an Emirati sheikh: That is the king’s ransom paid two weeks ago to militants linked to al-Qaeda who are pushing to topple the Malian government and impose Islamic law. Alongside a crippling fuel blockade, the Group for the Support of Islam and Muslims (JNIM) has made kidnapping wealthy foreigners for a ransom a pillar of its strategy of “economic jihad.” Its goal: Oust the junta, which has struggled to contain Mali’s decade-long insurgency since taking power following back-to-back coups in 2020 and 2021, by scaring away investors and paralyzing the west African country’s economy.
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