The annual Energy Taiwan trade show is expected to see a 20 percent increase in procurement compared to last year, Taiwan External Trade Development Council (TAITRA) chairman James Huang (黃志芳) said yesterday.
Organized by TAITRA and the Green Energy and Sustainability Alliance (GESA), the Energy Taiwan exhibition, held jointly with Net-Zero Taiwan this year, opened yesterday at Taipei Nangang Exhibition Center.
It is Taiwan’s largest platform promoting renewable energy and for information-sharing on net-zero related topics, including carbon reduction and green finance, as the world pushes for net-zero carbon emissions.
Photo: CNA
It also features business opportunities and according to Huang, TAITRA has organized 70 procurement forums for this year’s exhibition.
Attending the exhibition, President Tsai Ing-wen (蔡英 文) said Taiwan’s combined storage of solar and wind energy has reached 13.9 gigawatt (GW), seven times the level in 2016, adding that combined instantaneous power generation reached a record high of 8GW in early this month.
Meanwhile, Huang said at the opening that now is a key time to reduce the impact of climate change, so future generations will have a cleaner environment brought by affordable and stable renewable energy production created through collaboration between the government, private sector and academic institutions.
According to TAITRA president and CEO Simon Wang (王熙蒙), among the 350 participating companies, 20 percent are first-time participants, showing the growing potential of the energy industry.
Wang added that quite a few European companies from the UK, the Netherlands and Sweden are also participating in this year’s event.
Taiwan Cement Corp (TCC, 台灣水泥), one of the first-time participating companies, showcased its energy storage product “Energy Ark,” the world’s first ultra-high-performance concrete (UHPC) energy storage cabinet.
TCC chairman Nelson Chang (張安平) said while normally it is very difficult to put out a fire caused by batteries in an energy storage cabinet catching fire, Energy Ark contains a system that lowers battery temperature in just five minutes, which avoids the risk of all batteries and boards catching fire, hence ensuring safe energy storage.
In addition, TCC announced yesterday that it has issued global depositary receipts (GDR) valued at around US$385 million and green overseas convertible bonds worth US$420 million.
The joint exhibition is divided into five sections: net-zero, wind energy, photovoltaic, smart storage and emerging power. It takes place at Taipei Nangang Exhibition Center’s Hall 1 and runs through tomorrow.
After several years flying high as Asia’s best Nvidia Corp proxy, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is increasingly vying with other artificial intelligence (AI) stocks for investor attention. Stock traders are chasing a wider array of beneficiaries as mainstream usage of AI creates demand for hardware beyond the most-advanced chips TSMC makes for Nvidia. Subthemes from the deepening memory crunch to advances in robotics are also luring bids. At the same time, investment caps on single stocks are pushing funds to diversify, while retail investors long familiar with TSMC through its US depositary receipts are being offered a broader set of
UNDER MICROSCOPE: Taiwan detained three people who allegedly conspired to buy servers in Taiwan and export them using fraudulent documentation, prosecutors said Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday urged Super Micro Computer Inc to tighten up on compliance after Taiwan detained three people this week for allegedly making fraudulent declarations about artificial intelligence (AI) servers made by its US partner. The development marked the nation’s first crackdown on semiconductor smuggling, which grew after the US slapped restrictions on exports of high-end chips such as Nvidia AI accelerators to China. Nvidia is “rigorous” in explaining regulations to all of its partners, Huang told reporters after arriving in Taipei. “Ultimately Super Micro has to run their own company,” he said in response to
Netherlands-based semiconductor equipment supplier ASML Holding NV yesterday said that it is planning to hire an additional 1,000 people in Taiwan this year in response to growing demand from clients. ASML had previously planned to recruit 600 people this year, but that the plan has been adjusted upward, ASML vice president and ASML Taiwan general manager Grace Wang (汪佳慧) told reporters. ASML has a workforce of more than 4,500 in Taiwan, accounting for about 10 percent of its global total, Wang said. This year’s recruitment campaign would focus on adding people in the customer support, manufacturing and supply chain domains to assist ASML
TECH RELIANCE: Growth is increasingly reflecting an unequal K-shaped distribution, where technology sectors outperform and other industries struggle, an expert said Standard Chartered Bank has significantly raised its forecast for Taiwan’s economic growth to 9.5 percent this year, up from 7.6 percent previously, citing surging artificial intelligence (AI) demand driving exports, semiconductor production and investment. The upgrade reflects a sustained AI supercycle that continues to fuel demand for advanced chips and technology infrastructure, which form the backbone of Taiwan’s exports, the bank said in a report this week. “We raise our 2026 growth forecast to reflect a much stronger-than-expected first-quarter GDP figure,” Standard Chartered senior economist for greater China and Asia Tommy Wu (胡東安) said in the report. Driven largely by a 35.3 percent
RSS