Siemens Taiwan Ltd aims to grow its revenue at a pace that is twice as fast as Taiwan’s GDP growth this year, as local semiconductor companies are eager to optimize energy efficiency and install automation systems to enhance operational efficiency, the firm said yesterday.
Led by Taiwan Semiconductor Manufacturing Co (台積電), the chip sector is a key revenue contributor to Siemens, as semiconductor companies depend on the German firm’s automation, energy management and IC design solutions to optimize product and production designs.
“It is our goal to grow. We hope our growth will double Taiwan’s GDP growth,” Siemens Taiwan president and chief executive officer Erdal Elver said in Taipei. “The first half [of this year] will still be in the recovery phase, but we do expect the second half to get better.”
Photo: CNA
Taiwan’s economy is expected to grow 3.43 percent this year, accelerating from a 1.31 percent expansion last year, the Directorate-General of Budget, Accounting and Statistics forecast.
Over the past decade, Siemens has been growing its business at a rate of double Taiwan’s GDP growth, thanks to greater exposure to key areas such as renewable energy and smart cities, it said.
Siemens Taiwan also expects more exposure to public infrastructure such as mass rapid transit systems, power plants and new construction projects, Elver said.
Last year, Siemens Taiwan’s business in the manufacturing category dropped slightly as a weak global economy, US-China trade disputes and geopolitical tensions weighed on customers’ business, Elver said.
Siemens Taiwan’s manufacturing business is to improve this year, thanks to a pickup in macroeconomic situations, but it might take time for local manufacturers to restart full-scale investments in digital transformation, he said.
Siemens Taiwan has assisted Evergreen Marine Corp (長榮海運) in establishing the nation’s first fully automated port, enabling the shipping company to address challenges with larger ships and equipment, managing workloads and efficient energy consumption, it said.
The firm also helped Hota Industrial Manufacturing Co (和大) maximize productivity through artificial intelligence smart learning, and assisted Taiwan Power Co (台電) in enhancing power grid resilience and energy stability, it added.
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