In today's world of computer vision AI, there is a significant challenge of running AI models on the limited compute power of edge device chipsets, as they are typically too large, process heavy and consume significant power. Furthermore, there is the rising costs of IT infrastructure (e.g. cloud) to support AI models, which is not green-tech friendly, as well as the costly process of spending months to manually optimizing AI models, while trying to maintain accuracy.
OwlTing, a Taiwan-based startup engaged in blockchain applications, aims to increase business by 50-100 times from the current level in 5-7 years, with new FinTech services to be the major driving force, according to company founder and CEO Darren Wang.
The advent of Internet of Things (IoT) and Industry 4.0 has increased the demands for robots and edge computing, and the tasks are becoming more and more complex. Force sensors are critical to preventing the machines from breaking. Toronto-based startup ForceN has developed customizable force sensors that are thin and flexible, and do not require design change on machines to accommodate them.
Server makers including Quanta Computer, Wiwynn, MiTAC Computing Technology (MCT) and Inventec have all estimated their second-quarter 2021 server shipments to see double-digit sequential increases, mainly driven by strong demand for datacenter applications, according to industry sources.
Just Kitchen Holdings, a Taiwan-based startup provider of meal/food delivery services, will undertake IPO on New York's OTC Markets in late May, according to company co-founder and CEO Jason Chen.
Taiwan-based telecom solution provider Chief Telecom will establish its fourth datacenter in northern Taiwan with the construction to begin in the second half of the year, according to company chairman Yan-hung Wu.
Notebook-use keyboard and CCM (compact camera module) maker Chicony Electronics saw its revenues, gross margins and operating profits all hit record highs in the first quarter of 2021, buoyed by a strong influx of orders for PC applications.
AppWorks, the largest venture capital (VC) firm in Taiwan and Southeast Asia, manages three VC funds with a total asset of US$212 million after 10 years of efforts. Not only has the firm reached profitability, but it has also incubated an accumulated total of 56 startups, including four successful IPOs, one centicorn (worth over US$100 billion), one decacorn (worth over US$10 billion), one unicorn and six centaurs (worth over US$100 million). The entire ecosystem is made up of 400 active startups reaching an estimated total worth exceeding US$10 billion, employing 17,000 professionals and generating annual revenue of US$8 billion.
Massive demand for rapid, secure, and stable transmission of data and information in the age of Internet of Things (IoT) and Industry 4.0 is attracting solution providers to seek opportunities in the manufacturing space. Solace, a middleware solution provider founded in 2001 in Ottawa, Canada, also has its eyes set on the manufacturing sector in Taiwan, and is expanding its business in the market.
Taiwan's direct Internet connection with 15 countries/regions (including Hong Kong and Macau) reached total bandwidth of 4,840.613Gbps as of the end of first-quarter 2021, increasing 0.47% sequentially and 31.43% on year, according to government-sponsored Taiwan Network Information Center (TWNIC).
Taiwan stands a good chance of becoming a global top-3 exporter of machine tools in the next 7-10 years, up from its current foruth place, according to chairman Jimmy Chu for machine tool maker Fair Friend Enterprise.
Quanta Computer's ECG smart medical solution has obtained certification from Taiwan's Food and Drug Administration (TFDA) and has been adopted by National Taiwan University Hospital (NTUH).
Taiwania Capital is set to complete the fifth round of fundraising in June, targeting startups at Pre-A as well as Series A and Series B rounds, according to company CEO David Weng.
