Dong Fang Offshore (DFO) Chairman Polin Chen has outlined three primary growth drivers for the company: increasing global demand for vessels, a major submarine cable project with Chunghwa Telecom, and the addition of two new large vessels by the end of 2026. Chen expects revenue to remain stable in 2025, with Chunghwa's project entering its peak construction phase in 2025-2026, driving further growth.
Taiwanese textile manufacturers are rapidly transforming and diversifying their operations, with key players such as Far Eastern New Century Corporation (FENC) and Shinkong Synthetic Fibers Corporation (SSFC) increasingly venturing into automotive components and electric vehicle (EV) sectors.
China is rapidly expanding its nuclear energy sector, with nuclear power currently accounting for only about 5% of its electricity generation compared to nearly 70% from coal. Despite this low percentage, China now leads the world in new nuclear projects, both operational and under construction.
Taiwan's Economic Affairs Minister J.W. Kuo recently proposed a plan to build power plants in the Philippines and transmit green energy back to Taiwan, aiming to address the growing demand for renewable energy. Although Kuo later tempered his remarks, the proposal has sparked significant public debate.
As the global energy transition accelerates, Taiwan's ATE Energy is rapidly expanding its renewable energy and marine engineering operations, with significant progress on two thermal power plants in the Philippines. The company is also poised to secure contracts for large-scale energy storage systems at these facilities.
Taiwan's Minister of Economic Affairs, J.W. Kuo, has proposed a plan to invest in renewable energy projects in the Philippines and transport the electricity back to Taiwan via submarine cables. This initiative is part of Taiwan's strategy to address domestic energy supply constraints and meet the growing demand for green energy from international manufacturers.
The US Department of Energy estimates the country will need to add 200 GW of nuclear capacity by 2050 to meet its net-zero targets and phase out coal-fired power plants. That translates to roughly 200 new reactors.
Reliable access to low-carbon and zero-carbon energy has become a top priority for companies investing in manufacturing facilities in Taiwan. With rising global pressures to combat climate change, manufacturers are increasingly required to meet green energy standards to produce environmentally friendly products for their customers. Taiwan's energy mix is now a critical focus for the industrial sector.
This year's Hon Hai Tech Day (HHTD24) not only showcased Foxconn's latest technological developments and plans to partners, investment institutions, and the media, but it was also open to the general public for the first time. Noteworthy technology and applications have been summarized as follows.
Minister of Economic Affairs J.W. Kuo has raised the possibility of establishing renewable energy facilities in the Philippines to address Taiwan's surging energy demands, particularly from the semiconductor industry. With domestic green power development facing mounting obstacles, Taiwan could consider transporting power back via shipping or undersea cables to bridge the gap.
Chinese automaker Seres, in partnership with Huawei to produce the Aito EV brand, reported strong financial results for the first three quarters of 2024, driving notable growth for its supply chain. Taiwan-based suppliers, particularly Kwang Hwa Electronic Material, saw a significant revenue boost in September due to increasing orders from Seres.
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