The Executive Yuan yesterday resumed a high-level Science and Technology Advisory Board Meeting after a 12-year hiatus, as the government aims to seek recommendations from industry leaders to craft new strategies for the nation to enhance its global competitiveness over the next decade, the National Science and Technology Council (NSTC) said in a statement.
During the 31 meetings held between 1980 and 2011, the government had sought advice from science and technology experts to help build world-class industries from semiconductor and biological technology to information and communications technology, the statement said.
“We are now in an era where science and technology have become synonymous with national strength on a global scale,” President Tsai Ing-wen (蔡英文) said at the meeting in Taipei.
Photo: Tien Yu-hua, Taipei Times
The three-day meeting is to focus on two main themes — green technologies amid the global effort to move toward carbon neutrality and possible mutual enhancement between artificial intelligence (AI) and the semiconductor industry.
Premier Chen Chien-jen (陳建仁) and NSTC Minister Wu Tsung-tsong (吳政忠) are leading the meeting, while Academia Sinica President James Liao (廖俊智) is serving as the top technology adviser.
Meanwhile, Taiwan Semiconductor Manufacturing Co (台積電) chairman Mark Liu (劉德音) and MediaTek Inc chairman Rick Tsai (蔡明介) are among the advisers at this year’s meeting, along with National Taiwan University president Chen Wen-chang (陳文章), US Scripps Research Institute professor Wong Chi-huey (翁啟惠), Harvard University computer science professor Kung Hsiang-tsung (孔祥重).
Taiwan has built a resilient and comprehensive semiconductor supply chain not seen in the rest of the world. To safeguard that technology leadership, the NSTC has proposed spending NT$300 billion (US$9.52 billion) over the next 10 years on fostering semiconductor and AI start-ups, as well as creating bigger talent pools, the council said.
Chen Chien-jen said this year’s meeting would focus on green energy, and the semiconductor and AI technologies that are expected to have a major impact on society and its development in the next 10 to 20 years.
“We expect that the advisers’ professional and visionary advice, based on Taiwan’s own existing advantages, will bolster and ensure the continued prosperity of Taiwan’s tech sector,” he said, adding that next year’s budget for technology development is more than NT$150 billion, up 18 percent from this year.
The second day of the meeting is to focus on the net-zero industry, aiming to make Taiwan a model for the world, the council said.
Over the three days, the group would come up with both medium and long-term technology development strategies with the goal of helping Taiwan achieve the highest technical capabilities, it said.
Semiconductor business between Taiwan and the US is a “win-win” model for both sides given the high level of complementarity, the government said yesterday responding to tariff threats from US President Donald Trump. Home to the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), Taiwan is a key link in the global technology supply chain for companies such as Apple Inc and Nvidia Corp. Trump said on Monday he plans to impose tariffs on imported chips, pharmaceuticals and steel in an effort to get the producers to make them in the US. “Taiwan and the US semiconductor and other technology industries
SMALL AND EFFICIENT: The Chinese AI app’s initial success has spurred worries in the US that its tech giants’ massive AI spending needs re-evaluation, a market strategist said Chinese artificial intelligence (AI) start-up DeepSeek’s (深度求索) eponymous AI assistant rocketed to the top of Apple Inc’s iPhone download charts, stirring doubts in Silicon Valley about the strength of the US’ technological dominance. The app’s underlying AI model is widely seen as competitive with OpenAI and Meta Platforms Inc’s latest. Its claim that it cost much less to train and develop triggered share moves across Asia’s supply chain. Chinese tech firms linked to DeepSeek, such as Iflytek Co (科大訊飛), surged yesterday, while chipmaking tool makers like Advantest Corp slumped on the potential threat to demand for Nvidia Corp’s AI accelerators. US stock
The US Federal Reserve is expected to announce a pause in rate cuts on Wednesday, as policymakers look to continue tackling inflation under close and vocal scrutiny from US President Donald Trump. The Fed cut its key lending rate by a full percentage point in the final four months of last year and indicated it would move more cautiously going forward amid an uptick in inflation away from its long-term target of 2 percent. “I think they will do nothing, and I think they should do nothing,” Federal Reserve Bank of St Louis former president Jim Bullard said. “I think the
SUBSIDIES: The nominee for commerce secretary indicated the Trump administration wants to put its stamp on the plan, but not unravel it entirely US President Donald Trump’s pick to lead the agency in charge of a US$52 billion semiconductor subsidy program declined to give it unqualified support, raising questions about the disbursement of funds to companies like Intel Corp and Taiwan Semiconductor Manufacturing Co (台積電). “I can’t say that I can honor something I haven’t read,” Howard Lutnick, Trump’s nominee for commerce secretary, said of the binding CHIPS and Science Act awards in a confirmation hearing on Wednesday. “To the extent monies have been disbursed, I would commit to rigorously enforcing documents that have been signed by those companies to make sure we get