The government is moving ahead with a plan to open a new technology research center to serve as the country’s industrial innovation and research base, the Council of Economic Planning and Development (CEPD) said.
The plan was approved by the Executive Yuan in November as part of a program to promote industrial innovation through cooperation among industry, academics and research institutes.
The Ministry of Economic Affairs will establish the research and development park in central Taiwan this year to spur development in the innovation industry. It plans to invest NT$3.6 billion (US$113.7 million) to build the park.
INVITATION
The ministry will invite domestic research institutes, such as the Institute for Information Industry and the Industrial Technology Research Institute, to open their innovation and incubation centers in the planned zone in Jhongsing New Village, Nantou County.
Tenants are expected to move in as early as by the end of this year.
The government hopes that the special innovation park will help technology upgrades and innovation among industries in central Taiwan, said Lin Hao-chu (林浩鉅), an official at the ministry’s Department of Industrial Technology.
INTELLIGENCE
Aside from the park, a market intelligence technology research center will also be set up in Jhongsing Village, Lin said.
The new center will be commissioned to develop green intelligence mobile technologies through cloud computing, Lin said.
The ministry estimates that the two facilities will attract 1,450 talents in advanced research, the CEPD said.
It said that as many as 115 companies were expected to move or establish their incubation centers in the park after its completion.
Industrial investment in the park and the research center are expected to generate a production value of between NT$15 billion and NT$60 billion annually, the council said.
When an apartment comes up for rent in Germany’s big cities, hundreds of prospective tenants often queue down the street to view it, but the acute shortage of affordable housing is getting scant attention ahead of today’s snap general election. “Housing is one of the main problems for people, but nobody talks about it, nobody takes it seriously,” said Andreas Ibel, president of Build Europe, an association representing housing developers. Migration and the sluggish economy top the list of voters’ concerns, but analysts say housing policy fails to break through as returns on investment take time to register, making the
‘SILVER LINING’: Although the news caused TSMC to fall on the local market, an analyst said that as tariffs are not set to go into effect until April, there is still time for negotiations US President Donald Trump on Tuesday said that he would likely impose tariffs on semiconductor, automobile and pharmaceutical imports of about 25 percent, with an announcement coming as soon as April 2 in a move that would represent a dramatic widening of the US leader’s trade war. “I probably will tell you that on April 2, but it’ll be in the neighborhood of 25 percent,” Trump told reporters at his Mar-a-Lago club when asked about his plan for auto tariffs. Asked about similar levies on pharmaceutical drugs and semiconductors, the president said that “it’ll be 25 percent and higher, and it’ll
NOT TO WORRY: Some people are concerned funds might continue moving out of the country, but the central bank said financial account outflows are not unusual in Taiwan Taiwan’s outbound investments hit a new high last year due to investments made by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and other major manufacturers to boost global expansion, the central bank said on Thursday. The net increase in outbound investments last year reached a record US$21.05 billion, while the net increase in outbound investments by Taiwanese residents reached a record US$31.98 billion, central bank data showed. Chen Fei-wen (陳斐紋), deputy director of the central bank’s Department of Economic Research, said the increase was largely due to TSMC’s efforts to expand production in the US and Japan. Investments by Vanguard International
WARNING SHOT: The US president has threatened to impose 25 percent tariffs on all imported vehicles, and similar or higher duties on pharmaceuticals and semiconductors US President Donald Trump on Wednesday suggested that a trade deal with China was “possible” — a key target in the US leader’s tariffs policy. The US in 2020 had already agreed to “a great trade deal with China” and a new deal was “possible,” Trump said. Trump said he expected Chinese President Xi Jinping (習近平) to visit the US, without giving a timeline for his trip. Trump also said that he was talking to China about TikTok, as the US seeks to broker a sale of the popular app owned by Chinese firm ByteDance Ltd (字節跳動). Trump last week said that he had
RSS