InfoBrief Taiwan 06/05/2024

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Newsletter | 06/05/2024

Welcome!

Dear Subscriber,

Hope you had a wonderful weekend and a relaxing Labor Day in between.

There's a saying in German, "Alles neu macht der Mai," which translates to "May makes everything new." As we embrace the cheerful spirit of this month, we long for the fresh opportunities it promises to unveil. Let's explore the wonders that May has in store.

This morning, our interns came back telling us amazing stories about their encounters at the Europe festival. They spent the last few days helping out at Huashan Creative Park where our joint German booth was present once again. Read the full report on this eventful weekend in our GTO News.

Less than two days away is our webinar on Taiwan’s plastics and rubber industry. You can still sign up for it! Join us on Wednesday from 10 am to 11 am (Taipei time). Amongst other things, the webinar will explore how foreign manufacturers can keep up with the latest trend to expand the business in Taiwan. Check out our Top News for more information.

This month is truly packed with events: Join us for a bicycle conference next week on May 14, 2024! The conference aims to create a platform for Taiwanese companies and manufacturers seeking new solutions, collaborations, and a better understanding of the German bicycle industry. Participation is free of charge and includes presentations, lunch, and matchmaking sessions. Check our Top News for more details.

Last but not least, on May 31, we host another seminar titled "How Germany & Netherlands Shape the Semiconductor Landscape" with the Netherlands Office Taipei! Featuring two speakers from esteemed companies like Bosch Rexroth and Schunk Xycarb, this event offers an in-depth insight into the two leading countries in Europe with a long history of semiconductors. Make sure to sign up, further information can be found in our Top News.

To give you a glimpse of what is to come next month, we will be hosting our very first German Riesling wine night. Experience an unforgettable evening on June 13. Hosted in partnership with Peter Mertes, Germany’s leading winery, our participants are able to enjoy exquisite free-flowing wine and a wonderful atmosphere. Early-bird registration ends in less than two weeks. We advise you to seize this opportunity and sign up by reading the section in our GTO News.

Have a great and productive week!

Kind regards,

German Trade Office Taipei


Diamond Partners 2024


Top News

Sign Up Now: Webinar "Discovering Taiwan's Plastics & Rubber Industry – Development and Opportunities"

With the global trend towards net-zero carbon emissions driving industry transformation, the plastics and rubber industry has emerged as a vanguard of ‘’green sustainability.’’ The webinar will provide an overview of Taiwan’s rubber and plastics markets, exploring how foreign manufacturers can keep up with the latest trend to expand the business in Taiwan. It may also discuss a new face of the industry to emphasize low-carbon green supply chains and diversified end-use applications, which presents opportunities to international companies how they could stay ahead of market and Shaping All PLASbility together.

Details

Date: Wednesday, May 8, 2024
Time: 10:00 – 11:00
Format: Online
Language: Mandarin
Organizer: German Trade Office Taipei (AHK Taiwan)
Co-Organizer: TAITRA│ Plastics Industry Development Center (PIDC)
Fee: Free of charge

Registration

Please fill out the online registration form before May 5.

Agenda

Time Action Owner
10:00 – 10:05 Opening German Trade Office Taipei
10:05 – 10:35 Discovering Taiwan's Plastics & Rubber Industry – Development and Opportunities Plastics Industry Development Center (PIDC)
10:40 – 10:50 TaipeiPLAS 2024 TAITRA
10:50 – 11:00 Q&A  

Co-Organizer

Contact

Venus Peng

Senior Project Manager
Trade Fair Services 

peng.venus@taiwan.ahk.de
Tel: +886 2-7735-7524

Register Now – How Germany & Netherlands Shape the Semiconductor Landscape

Germany and the Netherlands are two leading high-tech countries in Europe and have a long history of semiconductors as well as the comprehensive industry ecosystem. In view of this trend and foundation, the German Trade Office Taipei is co-organzing with the Netherlands Office Taipei for a joint seminar titled "How Germany & Netherlands Shape the Semiconductor Landscape" on May 31 in Hsinchu, featuring speakers from Bosch Rexroth and Schunk Xycarb.

Aside from chances to network with the speakers and its teams, the German Trade Office Taipei and the Netherlands Office Taipei together with its industry partners will also be setting up consultation desks on-site for invest in Germany / in the Netherlands, as well as other specific services related to expanding the business footprints in Germany and the Netherlands.

*Bosch is one of the 4 joint-ventures of ESMC with its current President headed by the former Bosch Semiconductor Labs Chief Executive in Dresden.

Details

Date: Friday, May 31, 2024
Time: 14:00 – 16:30 (registration starts at 13:30)
Venue:  TAITRA Hsin-Chu Office (Rm 603, 6F, No. 287, Guangfu Road Section 2, Hsinchu City)

Language: Mandarin, English
Organizer: Germany Trade Office Taipei (GTO) │Netherlands Office Taipei (NLOT)
Co-Organizer: Germany Trade & Invest (GTAI) │Netherlands Semiconductors│Bosch Rexroth co,. Ltd │Schunk Xycarb Technology
Price: Free of charge

Registration

Please fill out the online registration form before May 23.

Agenda

Time

Action

Owner

13:30 – 14:00

Registration

GTO, NLOT

14:00 – 14:10

Joint Opening

GTO, NLOT

14:15 – 14:30

Intro Germany Semiconductor Industry Landscape and Advantage

Germany Trade & Invest (GTAI)

14:35 – 14:50

Solutions for the semiconductor industry

Bosch Rexroth

14:55 – 15:10

Dutch Semiconductor Ecosystem Intro

Netherlands Office Taipei

15:15 – 15:30

SXT role in the EPI consumables semiconductor industry worldwide; why located in Taiwan?

Schunk Xycarb Technology

15:30 – 15:40

Closing

GTO, NLOT

15:40 – 16:30

Networking / Press interview

GTO, NLOT

Contact

Mr. Huang Pinchao
Senior Project Manager Trade Fair Services
German Trade Office Taipei
Email: huang.pinchao@taiwan.ahk.de
Tel: : +886-2-7735-7529

Ms. Franziska Tsai
Economic Department | Senior Economic Advisor
Netherlands Office Taipei
Email:  franziska.tsai@nlot.org.tw
Tel:  +886-2-8758-7229

Speakers

Bruce Wang
Automation & Electrification Solution
Bosch Rexroth co,. Ltd.

 
 

Rinie Coort
Director Business Development Asia / Managing Director SXT-CN
Schunk Xycarb Technology (SXT)

 
 

Co-Organizers

Sponsors


Sign Up Now: German-Taiwanese Bicycle and Two-Wheeler Conference

DEinternational Taiwan Ltd., the service unit of the German Trade Office Taipei, organizes a conference in the field of bicycles and two-wheelers, which will take place on May 14, 2024. The conference is part of a delegation trip of German companies to Taiwan which is funded by the Federal Ministry of Economic Affairs and Climate Action under the market development program.

The conference is intended to create a platform for Taiwanese companies and manufacturers seeking new solutions, collaborations, and a better understanding of the German bicycle industry.

In addition to German company and production presentations, Mr. Pablo Ziller, press officer at the German Bicycle Association, will provide an overview of the current status and future prospects of the German bicycle industry.

Following the conference, participants will have the opportunity to connect with German companies during a joint lunch, followed by individual matchmaking sessions. Participation is free of charge.

Details

Date: Tuesday, May 14, 2024
Time: 9:30 – 16:00 (registration time: 9:00 – 9:30)
Venue: Howard Prince Hotel Taichung (No. 129, Anhe Rd., Xitun Dist., Taichung City 407)
Language: English
Fee: Free of charge

Preliminary Agenda

Registration and Opening
09:00 – 09:30 Registration
09:30 – 09:50 Opening Remarks
  • Leonie Yang, Acting Delegate of German Business and Head of the German Trade Office Taipei/General Manager, DEinternational Taiwan Ltd.
  • Pablo Ziller, Press Officer, German Bicycle Industry Association
  • Dr. Jörg Polster, General Director, German Institute Taipei (video)
  • Thompson Su, Secretary General, Taiwan Smart Electric Bicycle Association
  • Patrick Chen, Chairman, Taiwan Machine Tool & Accessory Builders’ Association
Key Note Speeches
09:50 – 10:05 Overview of the German Bicycle Industry
Mr. Pablo Ziller, Press Officer, German Bicycle Industry Association
10:05 – 10:20 Strengths and Potentials of Taiwanese Bicycle Manufacturers
Mr. Barry Huang, General Manager, DSA Co., Ltd.
10:20 – 10:35 Coffee Break & Networking Time
Company Presentations
10:35 – 10:50 IoT Venture GmbH
Mr. Mario Schmitz, Business Development
10:50 – 11:05 Microsport GmbH & Co KG
Mr. Daniel Groos, General Manager
11:05 – 11:20 solos engineering GmbH
Mr. Ulrich Preß, General Manager
11:20 – 11:30 Conference Closing Remarks
Networking
11:30 – 13:30 Lunch Break & Networking Time
13:30 – 15:00 Company Matchmaking
15:00 – 16:00 Coffee & Networking Time
Registration
B2B Meetings

Are you interested in engaging with key players in the bicycle and two-wheeler industry? Then seize this golden chance to connect with German companies firsthand to explore business opportunities! In cooperation with the German Association of the Bicycle Industry (ZIV), Dreberis and the Taiwan Smart Electric Bicycle Association (TSEBA), we are organizing a delegation trip of leading players from the German bicycle industry to Taiwan from May 13 – 17.

Following the conference on May 14, Taiwanese importers, distributors, and manufacturers will get the chance to have exclusive B2B meetings with the German delegation members. Reach out to our Market Entry Manager, Ms. Ellie Kan (kan.ellie@taiwan.ahk.de), to secure your spot and kickstart partnerships!

Funded by
Organizer
Cooperation Partners
Contact

Philipp Molz

Manager
Market Entry

molz.philipp@taiwan.ahk.de
Tel: +886-2-7735-7505


Platinum Partners 2024


All Events

Gold Partners 2024


Become part of our GTO German Business Alliance!
More information about our membership packages on our website.


GTO News

Review: Europe Festival

Guten Tag, ça va, arrivederci!

This past weekend, Huashan Creative Park was transformed into a vibrant hub of European culture in the name of the Europe Festival. Held on Saturday and Sunday for the fourth time in Taiwan, the festival aimed to bridge the gap between Taiwan and Europe, providing attendees with a taste of European culture and answering their questions about all things European.

The festival grounds provided the perfect spot for the festivities. One of the highlights of the festival was the opening ceremony on Saturday. It took place on the main stage amidst the sprawling greenery of the park.

In cooperation with the German Institute Taipei as well as the 歌德學院(台北)德國文化中心 Goethe-Institut Taipei, our four interns had a great time sharing information about German culture and chatting with the many interesting people who showed up at our booth.

A fun activity that engaged guests was the "Road-Map" challenge, where attendees could collect stamps representing different EU member states by visiting each respective booth. To encourage participation and learning, we offered quiz questions with Germany-centric themes. And guess what – Our interns turned into popular real-life quiz masters! Guests who answered three questions about German trivia correctly received a stamp in return.

In addition to informational resources, our stand offered various goodies such as tote bags, gummy bears and pens, much to the delight of the attendees. We also provided entertainment for younger festival-goers with German flag face painting, adding a playful touch to the cultural exchange.

Overall, the Europe Festival was a blast! We had the chance to bring together people from all kinds of backgrounds to celebrate German culture and to establish meaningful connections between Taiwan and Germany. We look forward to next year’s European festival and continuing to share the richness of German culture with the Taiwanese community.

Sign Up Now: 2024 German Riesling Night with Peter Mertes

Experience an unforgettable evening at our first Riesling Night, hosted in partnership with Peter Mertes, Germany’s leading winery from the country’s wine capital Bernkastel-Kues in the heart of the Mosel region. Set in the charming outdoor area of M Club Taipei on the banks of Keelung river, we warmly invite you to enjoy the summer breeze, indulge in exquisite free-flowing wine and enjoy the carefully curated buffet dinner at the event. Look forward to savoring the crisp and well-balanced flavors of Peter Mertes’ Riesling, a perfectly refreshing wine ideal for the upcoming summer season. Join us and Peter Mertes for a memorable evening with a relaxed ambiance and plenty of networking opportunities to kick off the summer in style.

Details

Date: Thursday, June 13, 2024
Time: 18:30 – 21:30 
Venue: Maritime Club Taipei (M Club), No. 16 Water Gate of Keelung River, Meiti Wharf
Dresscode: Summer Chic
Early-Bird Price: 2,600 NT$ (for registrations and payment made until May 17, 2024)
Regular Price: 2,800 NT$ (for registrations after May 17, 2024)
Registration Deadline: June 7, 2024 

Registration

Co-Organizer

Contact

Linda Blechert
Head of Governmental Affairs &
GTO German Business Alliance 
blechert.linda@taiwan.ahk.de
Tel: +886-2-7735-7504
Fax: +886-2-7733-5280

 
 

2nd GTO German Company Charity Soccer Tournament

Our long-awaited GTO Germany Company Charity Soccer Tournament is going to kick off again on Friday, June 7, 2024 at the Taipei Gymnasium 1st floor.

German teams will be competing in exiting 15-minute games of 5 vs. 5 players and donate 1,500 NT$ per scored goal to the Make-A-Wish Taiwan foundation, which helps to fulfil the wishes of children with critical illness between the ages of 3-18 years old.

We welcome you to join us and cheer for your favourite German company team at our 2nd GTO German Company Charity Soccer Tournament.

As for the German companies operating in Taiwan, our annual soccer event is a great opportunity to encourage the team spirit in your company and kick for those who can’t by assisting the Make-A-Wish Taiwan foundation in making the biggest dreams of children with critical illness come true!

Details

Date: Friday, June 7, 2024
Time: 11:00-18:30
Address: Taipei Gymnasium 1st floor (4th Floor, No. 10, Section 4, Nanjing E Rd, Songshan District, Taipei City)
Price: Free of charge

In case of any questions or would like to register your team, please contact Mr. Levin Chiang, (chiang.levin@taiwan.ahk.de / tel: +886-2-7735-7513).

Co-Organizers and Charity Organization

Sponsor

Participating Teams



Trade Fair News

Join Our German Pavilion at TaipeiPlas 2024

Don't miss the opportunity to be part of this innovative event! Taking place from September 24 – 28, TaipeiPlas Exhibition is not only the exclusive professional exhibition in Taiwan dedicated to the plastics and rubber industries, but also a top global event in plastics and rubber industry. It brings together industry professionals, showcasing the latest advancements and trends. The exhibition serves as a platform for companies to present products and technologies across various sectors, encouraging networking and collaboration. TaipeiPlas covers the entire industry value chain, making it a valuable experience for both experts and newcomers.

Key Figures from TaipeiPlas 2022

Total Visitors: 12,513
Booths: 1,267
Exhibitors: 361

Contact

Venus Peng

Senior Project Manager
Trade Fair Services 

peng.venus@taiwan.ahk.de
Tel: +886 2-7735-7524

Join our German Pavilion at Energy Taiwan 2024

Get ready for an electrifying experience at Energy Taiwan 2024, happening from October 2 – 4, 2024. Formerly known as "PV Taiwan," Taiwan's largest event regarding green energy industry ideas is now a comprehensive showcase. From creation to system integration, it covers it all!

Join us as we light the way to a sustainable future. Our colleague Ms. Venus Peng is more than happy to help you secure your spot.

Key Figures from Energy Taiwan 2023

Total Visitors: 24,000+
Booths: 1,275
Exhibitors: 359

Contact

Venus Peng

Senior Project Manager
Trade Fair Services 

peng.venus@taiwan.ahk.de
Tel: +886 2-7735-7524

Asia Fruit Logistica 2024: Open for Registration

Asia Fruit Logistica takes place from September 4 – 6. It is the largest and most professional B2B exhibition in Asia, covering the entire agricultural industry structure chain. It offers unique opportunities for exhibitors to develop new business, especially in 2024 when it will be held in Hong Kong, a rare opportunity for Taiwanese manufacturers to enter the Asian market!

Key Figures from Asia Fruit Logistica 2023

Exhibitors Worldwide: 400+ (from 40+ countries)
Professional Buyers Worldwide: 10,000+ (from 70+ countries)

Our colleague Ms. Peng will answer any further questions regarding this event (02-7735-7524 / peng.venus@taiwan.ahk.de).
Contact

Venus Peng

Senior Project Manager
Trade Fair Services 

peng.venus@taiwan.ahk.de
Tel: +886 2-7735-7524

ITB Asia Now Open for Registrations

We are thrilled to announce our journey to ITB Asia in Singapore this October, where we will showcase the beauty of Taiwan. ITB Asia is expected to welcome 24,000 attendees, spreading across 4 stages with a total of 17 thematic tracks. With a record of over 35,000 business appointments in 2023, ITB Asia serves as an excellent platform for fostering long-term cooperation in the global travel industry. 

Join us and be part of this incredible opportunity to showcase Taiwan to the world! For inquiries about exhibiting, contact our colleague Ms. Venus Peng.

Contact

Venus Peng

Senior Project Manager
Trade Fair Services 

peng.venus@taiwan.ahk.de
Tel: +886 2-7735-7524

German Company News

Bosch eBike Systems Announces Entry Into Taiwan Market and Local Service Partner

Bosch eBike Systems is poised to expand its presence in the global bicycle hub – Taiwan by introducing eBike products to the market. As one of the global leading manufacturers of eBike systems, Bosch is proud to partner with SYB to provide exclusive after-sale service support to local bicycle dealers. This market expansion not only introduces innovative solutions but also gives Taiwanese bicycle riders access to a riding experience on a new level.

Additional information is available online on our website.


AHK Greater China News

Jetzt anmelden: Greater China Day 2024 

Die größte Highlight-Veranstaltung der IHK München und der AHK Greater China in Deutschland bietet die ideale Plattform sich über die aktuellsten Entwicklungen in China zu informieren.

Hochrangige Unternehmensvertreter und ausgewiesene China-Experten aus Deutschland und China diskutieren neuste Wirtschaftstrends. Breakout-Sessions bieten praxisnahen Austausch zu wichtigen Aspekten der Geschäftsabwicklung (Recht und Steuern, Exportkontrolle, Zoll) oder zu spannenden Zukunftsthemen wie der Chip- und Halbleiterindustrie Taiwans, Chinas Innovationsbranchen oder Hongkongs zukünftiger Rolle im Asien-Geschäft.

Nutzen Sie den Greater China Day als Netzwerkplattform, um sich mit Unternehmen und Multiplikatoren zu vernetzen – nach dem Motto von der Wirtschaft für die Wirtschaft. Seien Sie dabei!

Die Teilnahme ist kostenfrei, aber anmeldepflichtig.

Details

Datum: 27. Juni 2024
Uhrzeit: 09:00 – 17:00
Ort: IHK für München und Oberbayern, Max-Joseph-Straße 2, 80333 München, Deutschland
Ansprechpartnerin: Ulrike Tsougenis 
Telefon: +49 89 5116-1449 
E-Mail: tsougenis@muenchen.ihk.de

Die Agenda und das Anmeldeformular finden Sie auf der offiziellen Webseite.


Other News

Jetzt anmelden – EVA AIR Marathon in Taipeh am 27. Oktober

Der beliebte EVA AIR Marathon mit dem Slogan „Flieg von Taipeh, sieh die Welt" geht am 27. Oktober in Taiwans Hauptstadt in die sechste Runde. EVA AIR Deutschland hat für alle interessierten Läuferinnen und Läufer aus Deutschland 20 Plätze reserviert. Wer mitlaufen möchte, sollte sich schnell per E-Mail bei EVA AIR Deutschland anmelden, da die Startplätze sehr begehrt sind. Bitte bis 30. Mai eine E-Mail mit dem Stichwort Marathon 2024 an info.munich@evaair.com schicken. Es gilt First come, first served.

Die Startgebühr beträgt für 42 Kilometer 1.800 NTD / ca. 52 Euro, für 21 Kilometer 1.100 NTD / ca. 32 Euro, für zehn Kilometer 800 NTD / ca. 23 Euro und für drei Kilometer 500 NTD / ca. 15 Euro.

Rosa H.Y. Lee, die Geschäftsführerin von EVA AIR Deutschland: „Wir sind begeistert, dass sich der EVA AIR Marathon einer immer größeren Beliebtheit erfreut. Deshalb bieten wir mit den reservierten Plätzen Interessierten aus Deutschland eine größere Chance, bei dem internationalen Lauf dabei zu sein.“

Insgesamt können bis zu 100.000 Läuferinnen und Läufer aus der ganzen Welt bei diesem Event die Gelegenheit nutzen, die Landschaft und Skyline Taipehs zu genießen. Zur Auswahl stehen der Marathon, der Halbmarathon sowie kürzere Distanzen über zehn oder drei Kilometer. Der Marathon startet um 5.10 Uhr auf dem Ketagalan Boulevard in der Nähe des JingFu-Tors. Die verschiedenen Strecken führen die Läufer vorbei an einigen der bekanntesten und beeindruckendsten Sehenswürdigkeiten der Stadt, wie dem Nationaltheater, dem Museum für Schöne Künste in Taipeh und dem Keelung-Fluss, während die Sonne langsam über der Stadt aufgeht.

Die Organisation der Veranstaltung erfolgt in Zusammenarbeit mit der Chinese Taipei Culture, Leisure & Sport Association, dem Taiwan Tourism Bureau, dem Taipei City Government Department of Information and Tourism sowie der Chinese Taipei Road Running Association. Die Veranstaltung ist von der IAAF und AIMS zertifiziert.

Weitere Infos sind auf der offiziellen Webseite erhältlich.

Bekanntmachung für Deutsche zur Wahl zum Europäischen Parlament

Am 09. Juni 2024 findet die Wahl der Abgeordneten des Europäischen Parlaments aus der Bundesrepublik Deutschland statt.

Deutsche, die außerhalb der Bundesrepublik Deutschland leben, das 16. Lebensjahr vollendet haben und im Bundesgebiet keine Wohnung mehr innehaben, können bei Vorliegen der sonstigen wahlrechtlichen Voraussetzungen an der Wahl teilnehmen.

Für ihre Wahlteilnahme ist u. a. Voraussetzung, dass sie

1.1  am Wahltag seit mindestens drei Monaten in den übrigen Mitgliedstaaten der Europäischen Union eine Wohnung innehaben oder sich mindestens seit dieser Zeit dort gewöhnlich aufhalten (auf die Dreimonatsfrist wird ein unmittelbar vorausgehender Aufenthalt in der Bundesrepublik Deutschland angerechnet)

oder

1.2  entweder nach Vollendung ihres 14. Lebensjahres mindestens drei Monate ununterbrochen in der Bundesrepublik Deutschland eine Wohnung innegehabt oder sich sonst gewöhnlich aufgehalten haben und dieser Aufenthalt nicht länger als 25 Jahre zurückliegt, oder aus anderen Gründen persönlich und unmittelbar Vertrautheit mit den politischen Verhältnissen in der Bundesrepublik Deutschland erworben haben und von ihnen betroffen sind,

2. in ein Wählerverzeichnis in der Bundesrepublik Deutschland eingetragen sind. Diese Eintragung erfolgt nur auf Antrag. Der Antrag ist auf einem Formblatt zu stellen; er soll bald nach dieser Bekanntmachung abgesandt werden.

Einem Antrag, der erst nach dem 19. Mai 2024 bei der zuständigen Gemeindebehörde eingeht, kann nicht mehr entsprochen werden (§ 17 Abs. 1 der Europawahlordnung).

  • Antragsvordrucke (Formblätter) sowie informierende Merkblätter sind online auf der Seite der Bundeswahlleiterin verfügbar. Sie können auch bei
    den diplomatischen und berufskonsularischen Vertretungen der Bundesrepublik Deutschland,
  • der Bundeswahlleiterin, Statistisches Bundesamt, Zweigstelle Bonn, Postfach 170377, 53929 Bonn, Germany;
  • den Kreis- und Stadtwahlleitungen in der Bundesrepublik Deutschland angefordert werden.

Weitere Auskünfte erteilt das Deutsche Institut Taipei auf seiner Internetseite.


Deutschenliste für Krisenvorsorge

Alle deutschen Staatsangehörigen, die, auch nur vorübergehend, im Amtsbezirk des Deutschen Instituts Taipei leben, können in eine Krisenvorsorgeliste aufgenommen werden, die zentral im Auswärtigen Amt Berlin geführt wird. Es handelt sich hierbei um eine freiwillige Maßnahme. Das Deutsche Institut rät, von dieser Möglichkeit Gebrauch zu machen, damit es, falls erforderlich, in Krisen- und sonstigen Ausnahmesituationen mit Deutschen schnell in Verbindung treten kann.

Zur Krisenvorsorgeliste.

 
 


Taiwan News

 Economy

Artificial Intelligence Lifts Taiwan Q1 GDP Growth to 6.5%

Taiwan’s Directorate General of Budget, Accounting and Statistics (DGBAS) announced that economic growth in Q1 reached 6.51%, the highest in three years, powered by AI exports.

Demand for AI drove Taiwan exports to the best performance in 11 quarters and a 0.59% increase over the quarterly growth forecast made by DGBAS in February. DGBAS attributed the strong growth to a better-than-expected performance by exports and continued momentum associated with private consumption, per CNA.

(Last access: 02.05.2024 / Taiwan News)

Agencies Reaffirm Ratings for Taiwan

Moody’s Ratings and S&P Global Ratings have reaffirmed Taiwan’s sovereign credit ratings at “As3” and “AA+” respectively with a stable outlook on the back of high income and wealth levels, a strong institutional framework and robust external positions.

The affirmations came as Taiwan’s economy is gaining momentum after quarters of slowdown induced by stubborn global inflation and monetary tightening.

Taiwan’s strong fiscal and external buffers have improved relative to peers as evidenced by recent shocks linked to the COVID-19 pandemic and the ongoing US-China technology dispute, the two ratings firms said.

(Last access: 02.05.2024 / Taipei Times)


Company

Powerchip Opens NT$300 Billion Fab in Miaoli

Taiwan chipmaker Powerchip Semiconductor Manufacturing Corp. (PSMC) inaugurated a NT$300 billion (US$9.23 billion) new fab in Tongluo, Miaoli County, which is set to initially churn out 50,000 12-inch wafers a month, according to the company.

The new facility covers an area of over 110,000 square meters and has a clean room area of 28,000 square meters, PSMC said.

Currently, a 12-inch assembly line with a monthly production capacity of 50,000 wafers using 55, 40 and 28-nanometer process technologies at the fab has gone into trial production.

(Last access: 02.05.2024 / Focus Taiwan)

Delta Expects Revenue to Improve From Last Quarter

Power supply and electronic components maker Delta Electronics Co (台達電) said that revenue this quarter would be higher than last quarter, partly due to fewer working days.

The company’s operations in the first half of the year are also expected to be better than the same period last year, on the back of rising sales of artificial intelligence (AI) related power supplies and electronic components, continued sales growth in power components for automotive electronics, and improvement in power solutions for automation and infrastructure businesses, it said.

Thanks to the production of heat dissipation parts for AI servers powered by Nvidia Corp’s GB200 chips in the second half of the year, coupled with the rising contribution of AI power supplies to total sales, Delta’s overall operations in the second half of the year would be stronger, it added.

(Last access: 02.05.2024 / Taipei Times)

Contact

Christoph Lory
Senior Manager Media and Communications
Lory.Christoph@taiwan.ahk.de
Tel: +886-2-7735-7509
Fax: +886-2-7733-5280
 
 

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Editing & Research: Christoph Lory, Chantelle Bissinger
Publisher: German Trade Office Taipei
International Trade Bldg., 19F-9, No. 333, Keelung Rd., Sec. 1, Taipei 11012, Taiwan
Tel.: +886-2-7735-7500
Fax: +886-2-7733-5280
info@taiwan.ahk.de 

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Tel.: +886-2-7735-7500
Fax: +886-2-7733-5280
services@taiwan.ahk.de 

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