Siemens Taiwan expects revenue to pick up furtherDEMAND-DRIVEN: The company expects an even better year after beating its forecast last year, backed by growth in infrastructure, chips and other sectorsBy Lisa Wang / Staff reporterSiemens Taiwan expects revenue growth to gather pace this year, benefiting from an uptrend in demand for its energy management solutions from local semiconductor companies and machine tool manufacturers, which were hit hard by the COVID-19 pandemic. Revenue last year beat expectations as business activity returned to normal, thanks to the government’s fast and appropriate response to contain the pandemic, Siemens Taiwan president and chief executive officer Erdal Elver said on Tuesday in Taipei. “Overall, we had a good year, backed by growth in different sectors, such as semiconductors and infrastructure,” Elver said. “Energy management and infrastructure should grow faster than last year. Siemens Taiwan derives its revenue from five categories: digital industries, smart infrastructure, mobility, health and energy management.

Source: Taipei Times April 02, 2021 15:56 UTC