A global shift in the auto industry toward electric has encouraged a number of Taiwanese startups and traditional electronics makers to seek out new market opportunities by focusing more production on EV components and systems. Some, such as tech hardware giant Foxconn, hope to design and sell complete EVs, competing with established industry players. Taiwan…
Observers say that the signing of several economic agreements with countries in the region could result in new flows of technology and talent, both of which would be to Taiwan’s advantage. While China in recent years has showered Central and Eastern Europe (CEE) with investment pledges and memorandums of understanding (MOU), very few of these…
The adoption of body scanning technology developed by Taiwanese companies is changing the apparel industry by reducing waste, increasing customer satisfaction, and potentially saving lives. Upon hearing the term “body scanner,” what likely comes to mind is the high-tech equivalent of a physically invasive search at the airport. Yet Taiwan has been at the forefront…
An unexpected surge in demand left car manufacturers in some major markets scrambling to make up for a shortage of automotive chips, which are produced mostly in Taiwan. Now governments are exploring how to reduce dependence on the island’s chipmakers. Taiwan’s key foreign policy catchphrase “Taiwan can help” has become a lot more relevant lately,…
Despite taking a hit from the COVID-19 pandemic and the rise of e-commerce, brick-and-mortar retailers may soon see a rebound as AI and smart retail solutions allow them to integrate online and offline capabilities. While the popularity of e-commerce has allowed it to more or less overtake the labor-intensive conventional retail industry, a number of…
The recent IFA show in Berlin gave Taiwanese companies an opportunity to showcase new products. Taiwan’s consumer electronics providers have begun exploring new market segments in the face of slowing global economic growth, decreased replacement demand, persistent concerns over the U.S.-China trade war, and stiff competition from China. The 2019 edition of IFA, one of…
There’s more to buoyant two-way FDI flows than generous taxation policies. Back in the 1600s, the Dutch were Taiwan’s first foreign investors, with their legendary Dutch East Indian Company setting up Fort Zeelandia in what is now the Anping district of Tainan. Fast-forwarding to the present, the Netherlands for the past three years has been…
The biggest concern for Taiwan is that the body’s dispute-resolution mechanism may be weakened or unable to function. U.S. President Donald Trump has made no secret of his disdain for the World Trade Organization (WTO) and the way it regulates trade among its 164 members. Trump has even threatened to withdraw the United States from…
Security concerns about Chinese products are giving Taiwanese companies a competitive edge in overseas markets. Taiwanese enterprises have long played a crucial role in the field of biometrics, seeking to help the world move beyond passwords and chip cards to more convenient and secure forms of authentication. From a fingerprint-reading device for entrance control at…
The U.S.-China trade war and demand for sit-stand desks are helping drive growth for Taiwanese manufacturers. Taiwan’s furniture industry experienced a big boost in the 1990s through orders from IKEA –then suffered as the Swedish giant turned to suppliers in China, Vietnam, and other lower-cost countries. Taiwanese makers of wooden furniture generally responded by…
