The Taipei Innovative Textile Application Show, a sourcing hub for innovative textiles, began at the Taipei Nangang Exhibition Center yesterday with ecofriendly and functional fabrics on display.
Vice President Hsiao Bi-khim (蕭美琴) spoke at the opening ceremony before spending an hour visiting booths set up by domestic exhibitors.
Hsiao said she was pleased to be a spokeswoman for Taiwan’s textiles, given that the industry was the main driving force of Taiwan’s “economic miracle” over the past few decades.
Photo: CNA
“The chip industry is very important, but we can’t only focus on chips,” she said, adding that old-economy sectors also need the support of government policies and incentives to help tackle issues such as labor shortages and green energy availability.
The vice president described herself as a big fan of Taiwan’s textile and fiber products.
“Many of my suits are made of MIT [Made in Taiwan] functional fabrics,” she said, among them the suit she wore at the inauguration ceremony for her and President William Lai (賴清德) on May 20 and the outfit she was wearing yesterday.
Hsiao’s dress at the inauguration event and the suit she wore at the trade show were made using Eclat Textile Co (儒鴻) functional fabrics, industry sources said.
Among the exhibitors at the three-day show are firms that make low-carbon fabrics, with suppliers including Far Eastern New Century Corp (遠東新世紀), Formosa Plastics Group (台塑集團), Lealea Group (力麗集團), Nan Pao Resins Chemical Co (南寶) and New Fibers Textile Corp (新纖實業) showcasing green fiber and textile products.
Nan Pao Resins Chemical chief executive officer Elic Hsu (許明現) said the focus of the company’s display this year is a special fabric that is sweat-resistant, has a soft feel and is composed of up to 53 percent biomaterial content.
It should enter mass-production next year, Hsu said.
At the opening ceremony, Lealea Group chairman James Kuo (郭紹儀), who is chairman of the Taiwan Textile Federation, the event’s organizer, said that the trade show was one of the most important annual events of the domestic textile industry.
This year, 385 manufacturers are participating, included a record 75 overseas exhibitors, signaling that the event has earned the recognition of international peers, Kuo added.
More than 70 international brands have been invited to participate in private meetings with local manufacturers, and visiting delegations from South Korea, Vietnam, India, France and other countries have also been invited to the show, Kuo said.
Leading Taiwanese bicycle brands Giant Manufacturing Co (巨大機械) and Merida Industry Co (美利達工業) on Sunday said that they have adopted measures to mitigate the impact of the tariff policies of US President Donald Trump’s administration. The US announced at the beginning of this month that it would impose a 20 percent tariff on imported goods made in Taiwan, effective on Thursday last week. The tariff would be added to other pre-existing most-favored-nation duties and industry-specific trade remedy levy, which would bring the overall tariff on Taiwan-made bicycles to between 25.5 percent and 31 percent. However, Giant did not seem too perturbed by the
AI SERVER DEMAND: ‘Overall industry demand continues to outpace supply and we are expanding capacity to meet it,’ the company’s chief executive officer said Hon Hai Precision Industry Co (鴻海精密) yesterday reported that net profit last quarter rose 27 percent from the same quarter last year on the back of demand for cloud services and high-performance computing products. Net profit surged to NT$44.36 billion (US$1.48 billion) from NT$35.04 billion a year earlier. On a quarterly basis, net profit grew 5 percent from NT$42.1 billion. Earnings per share expanded to NT$3.19 from NT$2.53 a year earlier and NT$3.03 in the first quarter. However, a sharp appreciation of the New Taiwan dollar since early May has weighed on the company’s performance, Hon Hai chief financial officer David Huang (黃德才)
UNPRECEDENTED DEAL: The arrangement which also includes AMD risks invalidating the national security rationale for US export controls, an expert said Nvidia Corp and Advanced Micro Devices Inc (AMD) have agreed to pay 15 percent of their revenue from Chinese artificial intelligence (AI) chip sales to the US government in a deal to secure export licenses, an unusual arrangement that might unnerve both US companies and Beijing. Nvidia plans to share 15 percent of the revenue from sales of its H20 AI accelerator in China, a person familiar with the matter said. AMD is to deliver the same share from MI308 revenue, the person added, asking for anonymity to discuss internal deliberations. The arrangement reflects US President Donald Trump’s consistent effort to engineer
NVIDIA FACTOR: Shipments of AI servers powered by GB300 chips would undergo pilot runs this quarter, with small shipments possibly starting next quarter, it said Quanta Computer Inc (廣達), which supplies artificial intelligence (AI) servers powered by Nvidia Corp chips, yesterday said that AI servers are on track to account for 70 percent of its total server revenue this year, thanks to improved yield rates and a better learning curve for Nvidia’s GB300 chip-based servers. AI servers accounted for more than 60 percent of its total server revenue in the first half of this year, Quanta chief financial officer Elton Yang (楊俊烈) told an online conference. The company’s latest production learning curve of the AI servers powered by Nvidia’s GB200 chips has improved after overcoming key component