Faced with rising labor costs, Taiwanese companies are increasingly utilizing the latest sophisticated technologies to go beyond conventional automation to embrace Industry 4.0. A growing number of Taiwanese manufacturers are making the leap to smart factories, reflecting the worldwide trend towards industrial automation known as “Industry 4.0.” The Tsai administration has made the development of…

Taiwan Business TOPICS - Industry Focus: Smart Machinery

The Smart Machinery portion of the 5+2 Innovative Industries plan is an upgraded and expanded version of the Industry 4.0 initiative started under the Ma Ying-jeou administration. It has already seen some success in promoting Taiwan’s machinery sector, which achieved an output value of NT$1.1 trillion (US$36.7 billion) last year and is expected to pass…

While much of the 5+2 Innovative Industrial plan remains controversial, two sectors have gained support from both major political parties: smart machinery and Asia·Silicon Valley. Smart machines mean manufacturing equipment that is intelligent, self-learning, and can communicate with other machines and human operators, transmitting data in real time. These advanced technologies are finding applications in…