[ Media Coverage ] GOODWAY Group & SYNTEC Group MOU Signed for Strategic Industry Collaboration Focused on AI, Robotics & EV Industries

2026-06-10 Commercial Times

GOODWAY Group and SYNTEC Group held a strategic cooperation memorandum signing ceremony on June 10. Edward Yang, Chairman Emeritus and Senior Advisor, GOODWAY Group and Tsai, You-Kung, Chairman, SYNTEC Group, signed the agreement on behalf of their respective organizations, announcing an expanded collaboration in machine tools, automation, robotics applications, and smart manufacturing technologies. The partnership will focus on meeting the growing demands of high-growth industries, including artificial intelligence (AI), robotics, and new energy vehicles (NEVs). The two groups will jointly target markets across Greater China, India, and Malaysia. Edward Yang, Chairman Emeritus and Senior Advisor, GOODWAY Group stated that with the strengthened collaboration between GOODWAY and SYNTEC, the long-term revenue target of the partnership is NT$20 billion.

GOODWAY Group and SYNTEC Group stated that as the global manufacturing industry continues to evolve toward greater intelligence, automation, and flexible production, competition within the machine tool industry is gradually shifting from the performance of individual machines to the ability to deliver comprehensive smart manufacturing solutions. GOODWAY Group offers a complete product portfolio, including CNC lathes, multitasking turning centers, grinding machines, and machining centers, supported by an extensive global sales and service network. SYNTEC Group has long been dedicated to the development of machine tool controls, automation systems, industrial robots, and smart manufacturing technologies. Through this strategic partnership, the two groups will leverage their respective strengths in products, technologies, and market resources to develop more efficient and value-driven smart manufacturing solutions for customers worldwide.

GOODWAY Group and SYNTEC Group stated that automation and robotics applications will be a key focus of this collaboration. The two companies will evaluate the integration of automated loading and unloading systems, robotic arms, standardized peripheral modules, and universal interface accessories for equipment such as CNC lathes, multitasking turning centers, grinding machines, and machining centers. These initiatives are designed to help customers improve production efficiency, reduce labor dependency, and address evolving manufacturing requirements, including high-mix, low-volume production, rapid changeovers, and lights-out operation during night shifts.

Edward Yang noted that the partnership will focus on key industry applications, including new energy vehicles (NEVs), AI server-related supply chains, robotic components, and high-end precision machining requirements. By integrating machine tool platforms, automation solutions, application validation, and market deployment capabilities, the two companies aim to help customers accelerate the adoption of intelligent manufacturing and smart production models.

GOODWAY and SYNTEC stated that, building upon the foundation established through the Memorandum of Understanding, both parties will continue to deepen and implement various collaborative initiatives. These efforts will encompass technology validation, application promotion, and market development, while progressively refining their cooperation framework and operating model. Looking ahead, the two companies will further integrate key technologies in smart manufacturing, automation, and robotics to drive industrial transformation and extend value chain opportunities. Through these joint efforts, they aim to strengthen the global competitiveness and influence of Taiwan’s machine tool and smart manufacturing industries.

GOODWAY Group and SYNTEC Group highlighted six key aspects of their strategic cooperation under the Memorandum of Understanding (MOU):

1. Official signing of the MOU to deepen strategic collaboration in smart manufacturing.
2. Focus on high-growth industries, including new energy vehicles (NEVs), artificial intelligence (AI), and robotics.
3. Promotion of integrated automation solutions, including automated loading and unloading systems and robotics applications.
4. Transformation from standalone machine offerings to comprehensive manufacturing solutions.
5. Evaluation of potential collaboration in overseas technical support and after-sales service networks.
6. Enhancement of the global competitiveness of Taiwan’s machine tool and smart manufacturing industries.