Of the 90 countries that made deals at this year’s Taipei International Machine Tool Show held last week at the Nangang Exhibition Center in Taipei, India was the biggest buyer, the Taiwan External Trade Development Council (TAITRA) said on Saturday.
The council, which co-organized the six-day event with the Taiwan Association of Machinery Industry, said that the event drew more than 4,160 buyers from 90 countries who succesfully made deals with more than 1,000 exhibitors.
Attendance rose by 5.1 percent compared with the previous edition of the biennial event in 2023, TAITRA said.
Photo: EPA-EFE
The top five countries with the most deals at the trade show, in descending order, were India, Japan, China, South Korea and Malaysia, it added.
TAITRA attributed the increase in international buyers to the growing demand for smart technology manufacturing and increased demand for artificial intelligence (AI).
This year’s machine tool exhibition, themed “AI and Robotics,” focused on six emerging trends in the machinery industry, TAITRA said.
They are precision machine tools, key components, full-scale automation and smart manufacturing, digital twin-driven integration, additive manufacturing, and expanded cross-industry applications, it said.
The Ministry of Economic Affairs’ Intellectual Property Office established a Taiwan Patent Go Pavilion at the show to assist local suppliers gain the attention of prospective international partners, it added.
International buyers visited 6,100 booths at the trade show to test Taiwan’s machinery innovations in fields such as aerospace, semiconductors, electric vehicles, healthcare and green energy, it said.
The next edition of the Taipei International Machine Tool Show is to be held in March 2027, it added.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to