Local 3D printer manufacturer XYZprinting Inc (三緯) yesterday launched its first entry-level model for students, hoping to see shipments quadruple to 120,000 units this year.
Last year, XYZprinting sold more than 30,000 3D printers, mostly for household use and designers, a company executive said.
With such growth, XYZprinting will turn a profit this year, chairman Simon Shen (沈軾榮) said on the sidelines of a news conference.
Photo: CNA
Broadening its product lineup, the company plans to roll out its first 3D food printer and a commercial model by the end of this year, Shen said.
“We are not worried at all [about growth]. We are seeing a continuous rising trend in demand,” Shen said.
MARKET OUTLOOK
Global shipments of 3D printers are expected to more than double to 217,350 units this year and expand to 2.3 million units in 2018, compared with 108,151 units last year, market researcher Gartner Inc projected.
“This year, the US will remain the biggest export destination for the company. We expect China to catch up with the US next year and to become a market as big as the US,” Shen said.
The market is expected to benefit from Beijing’s plans to equip each elementary school in China with a 3D printer.
“Beijing is encouraging young people to turn their design ideas into products,” Shen said.
LENOVO LINK
The three-year-old XYZprinting, a subsidiary of the New Kinpo Group (新金寶集團), is upbeat about the Chinese market, as the company has teamed up with Lenovo Group Ltd (聯想) to sell 3D printers there via China’s number one PC brand’s e-commerce subsidiary.
The company’s new model, dubbed the Da Vinci Jr 1.0, carries a price tag of NT$9,999 per unit and is XYZprinting’s first effort to bring 3D printing technology to the education sector.
In addition to the developed economies like the US, Europe and Japan, XYZprinting is expanding its reach markets including China, Iran, Turkey and Thailand.
To cope with its fast growth, XYZprinting has increased its workforce to more than 200 people, from 40 people since the company’s inception in 2013.
‘SWASTICAR’: Tesla CEO Elon Musk’s close association with Donald Trump has prompted opponents to brand him a ‘Nazi’ and resulted in a dramatic drop in sales Demonstrators descended on Tesla Inc dealerships across the US, and in Europe and Canada on Saturday to protest company chief Elon Musk, who has amassed extraordinary power as a top adviser to US President Donald Trump. Waving signs with messages such as “Musk is stealing our money” and “Reclaim our country,” the protests largely took place peacefully following fiery episodes of vandalism on Tesla vehicles, dealerships and other facilities in recent weeks that US officials have denounced as terrorism. Hundreds rallied on Saturday outside the Tesla dealership in Manhattan. Some blasted Musk, the world’s richest man, while others demanded the shuttering of his
ADVERSARIES: The new list includes 11 entities in China and one in Taiwan, which is a local branch of Chinese cloud computing firm Inspur Group The US added dozens of entities to a trade blacklist on Tuesday, the US Department of Commerce said, in part to disrupt Beijing’s artificial intelligence (AI) and advanced computing capabilities. The action affects 80 entities from countries including China, the United Arab Emirates and Iran, with the commerce department citing their “activities contrary to US national security and foreign policy.” Those added to the “entity list” are restricted from obtaining US items and technologies without government authorization. “We will not allow adversaries to exploit American technology to bolster their own militaries and threaten American lives,” US Secretary of Commerce Howard Lutnick said. The entities
Minister of Finance Chuang Tsui-yun (莊翠雲) yesterday told lawmakers that she “would not speculate,” but a “response plan” has been prepared in case Taiwan is targeted by US President Donald Trump’s reciprocal tariffs, which are to be announced on Wednesday next week. The Trump administration, including US Secretary of the Treasury Scott Bessent, has said that much of the proposed reciprocal tariffs would focus on the 15 countries that have the highest trade surpluses with the US. Bessent has referred to those countries as the “dirty 15,” but has not named them. Last year, Taiwan’s US$73.9 billion trade surplus with the US
Prices of gasoline and diesel products at domestic gas stations are to fall NT$0.2 and NT$0.1 per liter respectively this week, even though international crude oil prices rose last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. International crude oil prices continued rising last week, as the US Energy Information Administration reported a larger-than-expected drop in US commercial crude oil inventories, CPC said in a statement. Based on the company’s floating oil price formula, the cost of crude oil rose 2.38 percent last week from a week earlier, it said. News that US President Donald Trump plans a “secondary