Hsu Chieh-Li: TEEMA Promotes Four Overseas Science Parks, Mexico Progressing Faster

Hsu Chieh-Li, Vice Chairman of the Taiwan Electrical and Electronic Manufacturers' Association (TEEMA), stated on April 14 that TEEMA continues to promote TEEMA science parks in Mexico, Poland, the United States, and India. He noted that Mexico's project is progressing faster. Speaking at the opening ceremony of the Taipei International Auto Parts & Accessories Show, Taiwan International Smart Mobility Show, and Taipei International Automotive Electronics Show, Hsu emphasized that these four overseas locations are intended to support global manufacturing and supply chain diversification. Regarding the global automotive electronics market, Hsu observed a recovery, with future trends dependent on international oil prices and government support, particularly the US government's backing for electric vehicle development. He suggested that the US-Iran conflict and shipping disruptions in the Strait of Hormuz might present opportunities for electric vehicles due to rising oil prices increasing consumer interest. Hsu reiterated the industry's desire for the Middle East conflict to end promptly to reduce its global economic impact and normalize oil prices, citing the significant inflationary pressure caused by high oil prices on various industries and consumer markets. He also commented on the rising international aluminum prices, stating that the impact on the automotive industry is not yet significant, but a sustained increase in metal prices could affect both the automotive and electronics industries. He anticipates strong market demand and believes that controllable inflation would help stabilize raw material prices.