The urgent need for digital transformation in manufacturing has been highlighted during the COVID-19 pandemic by job loss, materials shortages, cargo congestion, and changes in office and consumer patterns, according to Tony Hsieh, Taiwan country director at Google Cloud.
Newracom, a US startup headquartered in Irvine, California, launched the world's first Wi-Fi HaLow commercial sensor solution with IoT device provider Deviceworx last December, just one month after HaLow became Wi-Fi certified products incorporating IEEE 802.11ah technology.
An autonomous drone landed on Phuket Island, successfully completed the mission of delivering goods for its customer; but the engineer who was managing the drone was 3,000 kilometers away in Tainan. The cost of a single trip of delivery was less than NT$40 (about US$1.5)! This is the solution provided by Avilon Intelligence, a Taiwan-based startup that won third place in Qualcomm Taiwan Innovation Challenge in 2021.
The emergence of financial technology (FinTech) has encouraged governments around the world to loosen financial regulations which in turn further boosts growth of the technology. As such, technology companies are now able to offer services like mobile payments, robo-advisors, self-service banking, etc to provide customers with better financial services and promote financial inclusion for all. However, as innovative services are taking the world by storm, offenders have also started abusing new technologies and using them as convenient channels for money laundering and other criminal acts. According to KPMG's 2020 Taiwan Banking Report, the global banking industry spends US$25 billion annually on financial crime prevention and control, most of which goes towards Know Your Customer (KYC) related operations.
Global tech companies are expected to concentrate on the development of augmented reality (AR) and virtual reality (VR) technologies in 2022, in the hope of using them to launch metaverse projects in the future, according to industry observers.
Notebook ODMs, including Wistron and Compal Electronics, are actively moving to grow their presence in the industrial PC (IPC) sector through acquisitions or cooperation with IPC makers, aiming to effectively enhance their profitability, according to industry sources.
EMS Lite-On Technology expects to expand its business in optoelectronic devices, including LED devices, LED lighting, automotive electronics, and CCMs (compact camera modules) as well as in power supplies used in cloud computing, AI, networking/communication, and data centers. These products are expected to become the major sources of business growth over the next three years, according to company president Anson Chiu at a February 14 investor conference.
The ability to comprehend data has become one of the keys to operational efficiency in the world of business. As public awareness on privacy issues continues to grow, businesses must identify solutions that protect consumer privacy but maximize data value. Companies that respect individual privacy can enhance their competitiveness and establish a foothold in fiercely competitive environments.
With the deadlines approaching in various countries for bans on the sale of gas-powered automobiles, the global auto market is now looking to electric vehicles and their skyrocketing sales. Vendors in Taiwan have also stepped up to form an electric vehicle alliance to integrate Taiwan's industrial capabilities, in order to seize the huge business opportunities that come with this rapdily expanding market. Compared with pricey electric vehicles, gas-powered cars with partial self-driving capabilities have been much more appealing to consumers with their promise to offer a next-generation smart driving experience paired with an affordable price tag. Ford's fourth-generation Focus, which is strategically equipped with level 2 self-driving capabilities, hit a sweet spot in global market positioning, and immediately stimulated other carmakers to follow suit with similar products. Priced at around NT$800,000, nearly half the price of an electric car, the Focus has pushed global smart car development to new frontiers.
GPU-based AI has become an indisputable trend in the technology industry. The market has been swamped by a stream of AI-based smart services such as smart transportation, smart medicine, and self-driving cars. Many research institutes are also encouraging enterprises to adopt AI technology in order to accelerate their internal digital transformation process. With GPU performance levels rising rapidly and open-source AI algorithms more accessible now than ever, enterprises can enjoy much lower entry thresholds into the field of AI than ever before. However, it is also true that many challenges still remain and that not all enterprises can transition smoothly into the age of GPU-based AI.
Taiwan-based Profet Al's entrepreneurial team comes from foreign software companies, according to the company's general manager Jerry Huang. For the last decade, Profet AI has focused on promoting various types of commercial enterprise-level software. Through its industry connections, it quickly expanded business opportunities during its early years.
Since the invention of semiconductors half a century ago, they have become an integral part of our lives. Be it smartphones or automobiles, everything runs on semiconductor chips. As semiconductor architecture becomes more advanced, companies are investing heavily on research to improve their yields. Throughout it all, ensuring the quality of the slurries used for silicon wafer polishing is a major challenge for manufacturers. To solve this issue, FlowVIEW Tek has introduced its FlowVIEW AOI total liquid sample solution, which aims to accelerate the industrial transition towards higher-end architectures.
Virtual reality (VR) and augmented reality (AR) have grown in popularity in various fields. OVA, an AI-enabled immersive software company, has been using the technologies to help clients streamline the working process—with an inclusive strategy and a collaborative platform.
FreightTech startup BlueX Trade is helping ocean carriers, including Evergreen Marine and Yang Ming Marine Transport, accelerate their digital transformation and mitigate impacts caused by the current global port congestion.