Siemens Taiwan expects revenue to expand up to twice as fast as Taiwan’s GDP next year, driven primarily by robust growth in the semiconductor and infrastructure sectors.
Over the past decade, the German company has been growing at a rate of double Taiwan’s GDP, due to growth in key areas of “Industry 4.0,” from renewable energies to smart cities, it said.
“Our growth target [next year] is to be in line with Taiwan’s GDP at least. Ideally, our growth will double Taiwan’s GDP,” Siemens Taiwan president and chief executive officer Erdal Elver told reporters in Taipei.
Photo: CNA
Taiwan’s economy is expected to expand 2.75 percent annually next year, lower than an estimate of 3.06 percent growth for this year, the Directorate-General of Budget, Accounting and Statistics said.
In the past two years, the semiconductor sector has been one of Siemens’ biggest revenue contributors, followed by infrastructure Elver said.
Siemens equips 70 percent of the nation’s major foundry companies and chip designers with automation, energy management and IC design solutions, he said.
In August, the company won an electrical and mechanical turnkey contract to support the Kaohsiung MRT’s Yellow Line, together with its consortium partners, he said.
Siemens’ communications-based train control technologies are to be deployed in the first driverless metro system in Kaohsiung, he added.
The company also has some smart-building projects to fuel revenue growth next year, including fire system management projects for the MRT and new buildings, he said.
The infrastructure sector is less volatile and less affected by the macroeconomy, but the industrial sector is expected to slow down in the first half of next year, given the weakening global economy, Elver said.
To support those new projects, Siemens has been hiring, and is searching for engineers to fill up to 20 vacancies, he said.
Siemens Taiwan has about 500 to 600 employees, excluding Siemens Energy AG, Siemens Healthcare Ltd and offshore wind power company Siemens Gamesa.
Siemens’ customers include Air Liquides Far Eastern (亞東氣體), which supplies special industrial liquid to local semiconductor companies, Coretronic Corp (中強光電) and Evergreen Marine Corp (長榮海運).
Siemens plans to launch its new open digital business platform, Siemens Xcelerator, in the next few years amid digital transformation in the local economy, it said.
Siemens Xcelerator includes a curated portfolio of Internet of Things-enabled hardware, software and digital services from across Siemens and certified third parties, as well as a growing ecosystem of partners and an evolving marketplace to facilitate interactions and transactions among customers, partners and developers, it said.
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