The Omicron variant's fast spread has World Health Organization experts looking towards the COVID-19 pandemic transition into the endemic stage, where high rates of vaccination and widespread infection could lead to global immunity. However, Pegatron Chairman T.H. Tung pointed out that despite the waning health emergency, shortages of crucial components will continue to persist beyond the pandemi...

Throughout 2021, as global economies struggled against COVID-19 outbreaks, congested seaports, delayed delivery times, rising prices of crucial raw materials, Taiwan's economy was able to weather the crisis thanks to much of its industries' production capability are centered on the island. For the domestic hand tools market, one of Taiwan's top export markets, it performed admirably well as the i...

Taiwan Institute of Economic Research (TIER) announced the November manufacturing index on Thursday, signaling that the overall index rose by 0.14 points from 15.14 points revised last month to 15.28 points in November. The index signal, representing the state of the manufacturing index, has remained in the green index for two consecutive months now. The application of emerging technologies an...

SEMICON Taiwan 2021 International Semiconductor Exhibition kicked off on Dec. 28, focusing on various issues, including information security, hydropower, and declining birthrate. Industry figures pointed out that long-term supporting policies are needed to ensure that Taiwan's semiconductor industry maintains its leading status. Taiwan Semiconductor Industry Association (TSIA) and TSMC Chairma...

With batteries used to power electric vehicles becoming an absolute necessity, raw metal materials in 2021 have seen a sharp rise in demand, and the trend is expected to continue in 2022. However, this will result in higher costs for automotive brands, prolonging the adoption of EVs, commonly touted as a crucial tool in fighting climate change. Just as the world is quickly adapting to the gree...

The demand for cathode materials used in electric vehicle batteries has increased sharply, according to TrendForce's estimates, largely due to the explosion of new energy vehicle production and sales. As the most demanded type of raw material for EV batteries, the shipments of cathode materials benefited from the rapid growth of new energy vehicles. It is estimated that the global demand for c...

The Statistics Department of the Ministry of Economic Affairs announced on Thursday that the industrial production index for November was marked at 137.86, a year-on-year increase of 12.1%; the manufacturing production index for November was 141.16, a single-month high in the past year, with a year-on-year increase of 13.1%, and both marked a 22 consecutive-month expansion. The department estimat...

China Steel Corporation (CSC) is forecasted to drop an average of 2.15% in new market prices next year. Due to the decline in the previous wave of price fluctuation on the coal and iron ore market, low-grade raw material costs have begun to roll into the production line. As a result, CSC has yet to see its profits impacted by the steel price cuts. CSC closed at NTD$35.8 yesterday, down 0.05 y...

In response to the needs of major car manufacturers worldwide to reduce carbon emissions and extend the battery life of electric vehicles, Taiwan's China Steel has been actively engaged in the development of lightweight car bodies in recent years. China Steel reported that it has successfully developed a new generation of automotive steel, called MS1300, 2.2 times stronger than the structural...

The latest report on 2020 to 2021 global automotive LED products released by TrendForce featured figures on how the global LED headlights now make up over 60% of the market in 2021, with permeability rates in the NEV field over 90%. With the automotive market ramping up deliveries and increasing adoption of LED lights, the report expects the global auto LED market industry value to reach USD$3.51...