Taiwan: The Future of Smart Tech
The Taiwanese Companies Revolutionising Manufacturing Sorry, your browser doesn t support embedded videos.
The Fourth Industrial Revolution, “Industry 4.0”, is underway,
ushering in a transformative new era of industrial automation.
Although first conceived in Germany in 2016, and with the United States and Japan pioneering in the field, Taiwan is carving out its own niche with the production of innovative smart machinery, helping revolutionise manufacturing worldwide.
Globally, the market value of smart manufacturing solutions is predicted to double from US$204.95 billion in 2019 to US$506.33 billion by 2027. This boom is due to the opportunities presented by Industry 4.0 processes such as immense data collection, analysis and optimisation, agile production and connected logistics. However, for the concept of smart manufacturing to be fully realised, it requires smart machines.
The Straits Times
Taiwan can provide only limited help in global chip shortage: Analysts
Taiwan Semiconductor Manufacturing Company takes up the lion s share of more than 50 per cent in the global contract chipmaking market.PHOTO: REUTERS
https://str.sg/JjkL
They can read the article in full after signing up for a free account.
Share link:
Or share via:
Sign up or log in to read this article in full
Sign up
All done! This article is now fully available for you
Read now
Get unlimited access to all stories at $0.99/month for the first 3 months.
Get unlimited access to all stories at $0.99/month for the first 3 months.
Taiwan s semiconductor industry sets new output milestone in 2020
02/22/2021 06:48 PM
CNA file photo
Taipei, Feb. 22 (CNA) The output value of Taiwan s semiconductor industry in 2020 topped NT$3 trillion (US$107.53 billion) for the first time ever, and it is expected to build on that performance this year, a local technology institute said Monday.
In 2020, the output of the domestic industry jumped by 20.9 percent year-on-year to reach NT$3.22 trillion, outperforming its global rivals, according to the Industry, Science and Technology International Strategy Center under the Industrial Technology Research Institute.
The global semiconductor market grew 6.8 percent in 2020 to US$440.4 billion, boosted by strong demand from the digital transformation and growing stay-at-home economy seen during the COVID-19 pandemic, the center said.
Taiwan chip industry sets record production value
Staff writer, with CNA
The production value of Taiwan’s semiconductor industry grew 20.9 percent year-on-year to NT$3.22 trillion (US$113.6 billion) last year, and it is expected to build on that performance this year, the Industrial Technology Research Institute’s (工研院) Industry, Science and Technology International Strategy Center said yesterday.
The global semiconductor market grew 6.8 percent to US$440.4 billion last year, boosted by robust demand from the digital transformation and growing stay-at-home economy seen during the COVID-19 pandemic, the center said.
That strength is likely to carry over to this year, leading to an 8.6 percent increase in domestic output to a new record NT$3.49 trillion, the center forecast.