Industry challenges 結果共38筆

Discover how Taiwan’s tourism industry faces challenges during the Dragon Boat Festival holiday, with a significant drop in hotel bookings and the impact of natural disasters on regions like Hualien. Learn about the efforts for recovery.

Explore the impact of geopolitical risks, trade frictions, and inflationary rate hikes on Taiwan’s machine tool exports in April, as reported by the TMBA, with a significant decline in export value compared to the previous year and the preceding month, highlighting the global economic challenges faced by the industry.

Discover how Taiwan’s Vice President Lai Ching-te is shaping the new cabinet with a focus on cross-party collaboration, industry involvement, and strategic economic initiatives to tackle the nation’s challenges.

Chu Chien-meng of the Development Association for Taiwan Tour Guide shares a bleak outlook for Taiwan’s tourism in 2023 due to unresolved political tensions with China and a new ban on group tours. The industry also faces challenges from recent natural disasters and legal issues, despite calls for more open policies to boost tourism and economic growth.

President Tsai Ing-wen commits to supporting Taiwan’s industry development, highlighting the country’s export success and plans for post-pandemic recovery. Tsai vows to deepen global economic ties, recognizing the National Importers & Exporters Chamber of Commerce’s role in driving economic growth amidst challenges. Taiwan aims to enhance international competitiveness through agreements with the U.S., U.K., Canada, and others, promoting a prosperous future for Taiwanese industries.

Discover insights from the ＂2024 Global Semiconductor Industry Survey＂ by KPMG, revealing optimism among executives despite challenges, with 85% expecting revenue growth and strategies for supply chain diversification.

Explore how Taiwan’s critical water shortages are impacted by seasonal changes and increased industrial demand, posing challenges for its semiconductor industry and agricultural needs.

Explore the challenges Taoyuan City faces with power outages, as Deputy Mayor Wang Ming-chu addresses equipment failure, aging infrastructure, and the indirect role of power shortages. Amidst public dissatisfaction and the impact on industries and healthcare, Taoyuan confronts the realities of climate change and growing demands on its electricity supply.

Read about the latest insights from the 2024 Taiwan Business Leadership Survey by PwC Taiwan. Discover how Taiwanese business leaders are navigating challenges and opportunities in a rapidly changing economic landscape, with a focus on sustainability, competition, and transformation. Gain valuable perspectives on the future outlook and industry-specific trends shaping Taiwan’s business environment.

Hsinchu County Government announces a monthly wage subsidy of NT＄10,000 for bus drivers on its routes from January to December 2024. The decision aims to address challenges faced by urban bus operations in Taiwan and reduce employee turnover. The subsidy is intended to help recruit talent and ensure the rights of citizens using public transport. Hsinchu County hopes to alleviate the severe shortage of workers in the public bus industry through this measure. The subsidy will be reviewed every three months.

Learn about the decline in Taiwan’s Chinese medicinal herb stores as generational shifts impact the industry. Explore how some shops are innovating amidst challenges in licensing and education.

Discover the challenges facing Taiwan’s doctoral education, including declining enrollments, financial burdens, and the rise of alternative learning methods. Learn how these factors are impacting research talent and industrial technology development.

The San Francisco overseas Chinese community hosted a New Year flag-raising ceremony, with Fremont Mayor Lily Mei encouraging the next generation to run for office and speak out for Asians. Mei also urged the community to vote robustly in the upcoming T U.S.-Taiwan relations and reminded them not to underestimate individual power. Director-General Scott Lai of the Taipei Economic and Cultural Office in San Francisco reviewed Taiwan’s accomplishments last year, highlighting its rise in various indices, ranking second in freedom in Asia and sixth in global competitiveness. Lai also noted the meeting between Morris Chang, founder of Taiwan Semiconductor Manufacturing Company (TSMC), and key U.S. officials at the 2023 Asia Pacific Economic Cooperation (APEC) summit, praising it as a symbol of U.S. executive branch support for Taiwan. However, Lai acknowledged challenges lie ahead for Taiwan, particularly in its tourism, sightseeing, and restaurant industries’ recovery, as well as social issues such as declining birthrates and wealth disparity. Lai assured that the government would take a more proactive and responsible stance to make positive changes felt by the public.

Hsinchu Mayor Ann Kao is set to appear in Taipei District Court on Wednesday, December 27, as the defendant in two separate legal matters. In the morning case, Kao is accused of defamation by Tario Ong, a business professor at Western Washington University, who claimed on social media that Kao’s doctoral thesis contained unreferenced data from the Institute for Information Industry. After Kao reported Ong for aggravated defamation and the prosecutor chose not to indict, Ong filed a countersuit. In the afternoon case, Kao is facing charges of fraudulently claiming assistant fees during her time as a legislator. The Taipei District Prosecutor’s Office has charged Kao with fraudulently obtaining NT＄460,030 in wages and overtime pay for her assistants, resulting in charges of embezzlement and forgery. The courtroom may face an overflow of observers from the Hsinchu City Government. The cases are ongoing with further developments pending.

TSMC chairman Mark Liu’s upcoming retirement in 2024 has led investment experts to suggest that the semiconductor giant should slow down the progress of its new manufacturing facility in the United States. Industry analyst Jonah Cheng believes that TSMC’s policy direction will remain unchanged under the leadership of chief executive C.C. Wei, who is expected to succeed Liu as chairman. Cheng also proposes maintaining a dual leadership structure to cultivate successors from various backgrounds. Speculation suggests that Liu’s retirement may be linked to potential investment challenges in the company’s U.S. expansion. In response to these challenges, Cheng recommends a deceleration in the construction of TSMC’s second U.S. plant. He also highlights the need to assess the current downturn in the car market and economic outlook before proceeding with the German plant focused on automotive applications. Cheng suggests that the Japanese facility could be an optimal choice due to labor and power shortages in Taiwan, as well as cultural similarities and strong government support from Japan. TSMC’s primary obstacle, according to Cheng, is maintaining its leadership position in the semiconductor industry, especially after surpassing Intel. Additionally, the cyclical nature of the industry and the potential opportunities presented by the rise of artificial intelligence (AI) applications pose further challenges for the company.

AU Optronics Corp. (AUO) plans to close its display production line in Singapore by the end of December, affecting around 500 employees. The company is moving its manufacturing equipment back to Taiwan and offering Taiwanese staff in Singapore the choice to relocate to Taiwan or transfer to Vietnam. AUO aims to expand its display module capacities in Vietnam. The company confirmed that its Singapore base will transform into a hub for providing smart solutions and will serve as its operations center in Southeast Asia. This move is in response to the growing preference for Organic Light Emitting Diode (OLED) technology in smartphones, tablets, and laptops, posing challenges to the Liquid Crystal Display (LCD) industry. Most of the equipment will be relocated to AUO’s Longtan plant, which is actively developing microLED displays in line with Apple’s strategy.

Discover the latest insights from Taiwan’s job market, including the widening income gap, low salary increase expectations for 2024, and varying pay trends across industries.

Taiwanese entertainer Tina Chou, also known as ＂Da Ya,＂ has been acquitted of defamation charges by the Taipei District Court. Chou had accused her former boss, Chen Chien-chou, of attempting to assault her years ago, leading to Chen filing a defamation suit against her. The court sessions involved testimonies from both parties, ultimately resulting in the prosecutor’s decision not to pursue charges against Chou. Chou expressed gratitude to the judiciary and hoped her experience would encourage other victims of sexual harassment or assault to come forward. Witnesses, including actress Julie Tsai, supported Chou’s claims. Chen, seeking to clear his name, stated his desire to reveal the truth and prove his innocence through legal means. This case highlights the ongoing conversation about sexual misconduct in Taiwan’s entertainment industry and the challenges faced by those who speak out.

Discover how Taiwan’s textile industry is embracing sustainability, tackling challenges in recycling clothes and combating greenwashing while innovating with PET bottle recycling and textile sustainability.

In November 2023, Taiwan’s job market saw significant growth with 1.04 million opportunities, led by the hospitality and ICT sectors. The hospitality industry notably increased salaries by 58%, reflecting broader workforce trends and the need for flexible work environments amid economic challenges.

Taiwan’s 2023 GDP growth forecast has been lowered to 1.42%, the lowest in 14 years, due to weaker exports and private investment. Year-end bonuses for Taiwanese workers have also been affected, with the average amount shrinking to 1.08 months’ worth of salary, hitting a 10-year low. The financial industry leads in bonus payouts with an average of 1.83 months’ salary, followed by the semiconductor industry at 1.38 months. The healthcare services industry averages just 0.97 months of salary, while the accommodations and food services sector lags further behind at only 0.59 months. Despite the downward revision, the DGBAS remains optimistic for 2024, forecasting a GDP growth rate rebound to 3.35%. However, challenges such as the Ukraine-Russia war, the Israel-Palestine conflict, and ongoing inflation may pose risks to the global economy. Looking ahead to 2024, local job banks predict pay increases in 47.5% of companies, with an average salary hike of 3.2%, slightly lower than in 2023. Experts caution that Taiwan’s economic recovery may not be as swift as hoped.

This article explores the surge in air travel demand leading to a record number of aircraft orders for Airbus, EVA Air’s major purchase of Airbus aircraft, the challenges in pilot training, and innovative solutions from a Taiwanese university.

Taiwan Premier Chen Chien-jen visited Dongshi Fisherman’s Wharf in Chiayi County to inspect the completion of the water environmental enhancement project. The project, which cost NT$175 million, was funded in part by the Forward-looking Infrastructure Development Program. Chen expressed hopes for the local oyster industry to establish a traceability system similar to Japan’s Seto Inland Sea oyster industry. Dongshi Fisherman’s Wharf is an important fishing port and tourist destination known for its oysters. The wharf faced challenges such as land subsidence and pier damage, but improvement measures proposed by Chiayi County Magistrate Weng Chang-liang received central government funding. The Fisheries Agency has allocated NT$2.068 billion for water environmental infrastructure projects across Taiwan, with Dongshi serving as an example.

The Taiwan Research Institute (TRI) reports a decrease in electricity demand in September, following the end of the summer peak period for consumption. The TRI’s October Taiwan EPI shows a 0.16% growth in high voltage electricity usage across national industries compared to the same period in 2022. However, this growth is smaller than the increase seen in September. TRI President Wu Tsai-yi attributes the deceleration in economic growth to global inflation, interest rate hikes, and ongoing geopolitical crises. Despite these challenges, the domestic electronic technology industry has experienced successful inventory turnover due to the rise of AI applications, the launch of new consumer electronics, and stockpiling for the end-of-year shopping season. With sustained private consumption momentum and negative economic growth factors in the fourth quarter of 2022, a significant increase in economic growth to 4.4% is estimated for October. Wu predicts a gradual return to normalcy for global economic and business activities as the effects of inflation and interest rate increases diminish.

Nien Hsing Textile Co., Ltd. announces the closure of its denim mill in Houlong Township, Miaoli County, due to significant operational losses. The Taiwan-based global jeans manufacturer faces challenges including fluctuating cotton prices and a tough consumer market.