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Taiwan: Semiconductor Value to Rise as Driver Assistance Systems to Become Standard in 10 Years

Motion blurred city road traffic (color toned image)

Industry observers are bullish about the business possibilities offered by ADAS. Data from one of the leading investment companies revealed that 90% of new cars in the next decade will be fully-equipped with ADAS. Such a growing trend could materialise even before the adoption of electric vehicles (EVs) goes in full swing. All that could mean rapid growth in the demand for chips and sensors that drive a vehicle’s system.

Buoyed by such a trend in the future, the value of semiconductors are bound to rise accordingly, industry experts believe. And that could drive Taiwan’s businesses to grow by leaps and bounds as the country accounts for more than half of the world’s output of chips.

Ever since 1974 when the Taiwanese semiconductor industry got its start with the help of a major American electronics company, the island has never looked back. Its semiconductor industry grew so fast that it essentially overtook the U.S. in production, becoming second only to Japan in terms of output by the year 2007. Taiwan has continued its strong push and, by 2009, Taiwan’s output has reached US$39 billion, ranking first in global market share in IC manufacturing, packaging and testing, and second only in IC design. By 2020, Taiwan was the unmatched leader of the global semiconductor industry with its flagship manufacturer becoming the most valuable semiconductor company in the world.

Advanced Driver Assistance Systems (ADAS) minimise human errors, the leading cause of vehicle accidents on the road. Its immediate role is to prevent deaths and injuries by reducing the number of car accidents and the serious impact of those that cannot be avoided.

At the heart of ADAS is Artificial Intelligence (AI) coupled with a host of sensors and cameras. Significant strides have been made in the area of automotive safety. Passive safety measures (e.g., shatter-resistant glass, airbags) are a thing in the past. Today, AI with sensor fusion can identify and process objects similar to a human brain allowing the vehicle to respond faster than any human driver could.

At its essence, ADAS is all about safety. Essential ADAS features include traffic sign recognition and pedestrian detection/avoidance. Small wonder ADAS is utilised extensively by self-driving or autonomous car technology today. Indeed, ADAS development is central in building up a smart transport system. Already, industry stalwarts note that Taiwan’s ADAS developers are focused on image sensors, panorama monitoring or automotive chips. To be able to compete in a global market, these developers must tackle three key challenges: 1.) how to effectively manage the cost of installing lower-end ADAS on cheaper cars; 2.) how to apply autonomous driving data to an ADAS; 3.) how to manage ADASs on software-defined vehicles (SDVs), industry suppliers noted.

Taiwan’s leading taxi supplier is leading the way. It is working hand in hand with an AI tech supplier. By doing so, it is taking preemptive action in anticipation of these market changes. To date, about 50 of its 22,000-car fleet has been equipped with ADASs.

Another key challenge is to incorporate vehicle-to-everything (V2X), a concept where a vehicle on the road can communicate and transfer information from moving parts of a traffic system, to ADAS tech. The good news is Taiwan’s traffic with its wide range of traffic scenarios can play a central role as a pilot testing ground for other major cities of the world.

While it is certain to be a long and winding road ahead, there may not be a better launching pad for ADAS technology than Taiwan. Its superior manufacturing prowess coupled with a technically-proficient workforce has made the island a suitable starting point for the entry of one of its biggest manufacturers into the advanced digital healthcare devices market for Asia, as reported by OpenGov Asia.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.