Bosch Taiwan, the local branch of Germany’s top technology and services supplier, is seeking opportunities in areas of importance in Taiwan this year and beyond after its sales rose 24 percent last year despite economic headwinds.
Bosch Taiwan ended last year with NT$33.9 billion (US$1.1 billion) in consolidated sales, the sixth straight year of double-digit growth driven mainly by its mobility solutions and consumer goods businesses, the company said.
“We remain committed to the local market and its long-term potential despite current economic headwinds,” Bosch Taiwan chairman and managing director Andreas Schmidt told a media briefing on Thursday.
Photo: AFP
Bosch Taiwan is cautiously optimistic despite Taiwan facing an economic slowdown this year, Schmidt said.
“We aim to seize opportunities in areas of future importance — from semiconductors [and] sustainable technologies to digitalization,” Schmidt said.
Bosch Taiwan had about 540 employees as of December last year, up 8 percent from the previous year, the company said.
The increase came largely from the research and development divisions and the uptrend is expected to continue this year.
Its mobility solutions business was the firm’s biggest revenue catalyst, as it has long advocated active safety systems that save lives, it said.
Motorcycle anti-lock braking systems (ABS) continue to be its primary source of sales improvement among original equipment last year, it said.
Bosch Taiwan introduced motorcycle stability control systems to the local market last year to further enhance safety when braking while cornering, it said.
In the automotive aftermarket sector, Bosch Taiwan’s service alliance has grown into Taiwan’s largest brand-independent workshop network for European vehicles, it said.
The company welcomes more members to join the alliance, which provides professional services to drivers across Taiwan, it said.
Bosch Taiwan continues to supply micro electro-mechanical system sensors to meet demand from consumer electronics manufacturers, it said.
Inertial measurement units and accelerometers used in wearables, hearables and laptops played a key role in enabling features that shape improved user experience, Bosch Taiwan said.
Its consumer goods business had stable growth in Taiwan, it said.
The dishwasher segment in particular continued to drive sales growth for home appliances, thanks to robust demand, the firm said.
Energy and building technology business also performed well, with Bosch Taiwan promoting intelligent solutions for security systems, it said.
Zhang Yazhou was sitting in the passenger seat of her Tesla Model 3 when she said she heard her father’s panicked voice: The brakes do not work. Approaching a red light, her father swerved around two cars before plowing into a sport utility vehicle and a sedan, and crashing into a large concrete barrier. Stunned, Zhang gazed at the deflating airbag in front of her. She could never have imagined what was to come: Tesla Inc sued her for defamation for complaining publicly about the vehicles brakes — and won. A Chinese court ordered Zhang to pay more than US$23,000 in
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said that its investment plan in Arizona is going according to schedule, following a local media report claiming that the company is planning to break ground on its third wafer fab in the US in June. In a statement, TSMC said it does not comment on market speculation, but that its investments in Arizona are proceeding well. TSMC is investing more than US$65 billion in Arizona to build three advanced wafer fabs. The first one has started production using the 4-nanometer (nm) process, while the second one would start mass production using the
A TAIWAN DEAL: TSMC is in early talks to fully operate Intel’s US semiconductor factories in a deal first raised by Trump officials, but Intel’s interest is uncertain Broadcom Inc has had informal talks with its advisers about making a bid for Intel Corp’s chip-design and marketing business, the Wall Street Journal reported, citing people familiar with the matter. Nothing has been submitted to Intel and Broadcom could decide not to pursue a deal, according to the Journal. Bloomberg News earlier reported that Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is in early talks for a controlling stake in Intel’s factories at the request of officials at US President Donald Trump’s administration, as the president looks to boost US manufacturing and maintain the country’s leadership in critical technologies. Trump officials raised the
From George Clooney to LeBron James, celebrities in the US have cashed in on tequila’s soaring popularity, but in Mexico, producers of the agave plant used to make the country’s most famous liquor are nursing a nasty hangover. Instead of bringing a long period of prosperity for farmers of the spiky succulent, the tequila boom has created a supply glut that sent agave prices slumping. Mexican tequila exports surged from 224 million liters in 2018 to a record 402 million last year, according to the Tequila Regulatory Council, which oversees qualification for the internationally recognized denomination of origin label. The US, Germany, Spain,
RSS