Machinery maker Hiwin Technologies Corp (上銀) and Siemens AG yesterday signed a memorandum of understanding, vowing to create a “smart” machinery industry.

Hiwin and Siemens are to work together to integrate machine tools and “smart” controllers in a bid to enhance the value chain of Taichung’s machine tool industry.

“Hiwin hopes to expand cooperation with Siemens further, especially on five-axis machines,” Hiwin chairman Eric Chuo (卓永財) told a news conference in Taichung.

Hiwin’s subsidiary, Luren Precision Co (陸聯精密), has developed a five-axis bevel gears machine combined with Siemens’ controllers, which would give Hiwin access to the high-end machine tools market, Chuo said.

Read the full story at taipeitimes.com.