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…
Companies are seeking to avoid the low-margin trap by moving into this technically demanding segment of the industry. As the days are gone when fabric could be cut and sewn in Taiwan at competitive costs, its textile sector has been shifting toward technical textiles for which production relies on automation rather than human labor. In…
More and more Taiwanese companies are investing there, despite often challenging business conditions. As the China market matures, bringing higher production costs, many Taiwanese companies are looking for the next big site for their offshore operations. India, which the Taiwan government has included within the scope of its New Southbound policy, is among the…
Proposed legislation would require religious foundations to establish internal financial auditing systems. Earlier this year, the Buddhist Compassion Relief Tzu Chi Foundation, Taiwan’s largest and arguably most revered charity organization due to its efficient response at times of natural disasters, quite unexpectedly found itself under heavy attack by the domestic media and netizens over the…
