Taiwan hopes for increased cooperation with Japan in multiple areas, including talent cultivation and funding for innovation, National Development Council (NDC) Minister Paul Liu (劉鏡清) said on Tuesday, calling on Japanese firms to invest in Taiwan.
At a joint news conference held by the Japan National Press Club in Tokyo, Liu touted Taiwan as a destination for Japanese investors, pointing to the semiconductor industry as a key sector in which the two countries complement each other.
Citing international tech giants such as Nvidia Corp and Advanced Micro Devices Inc, which recently announced their intention to establish research and development centers in Taiwan, Liu said it is the right time to invest in Taiwan.
Photo courtesy of the National Development Council
He said that he expected the cooperation between Taiwan and Japan to grow into a strong partnership that could take advantage of global business opportunities.
Liu, who is heading a delegation of representatives from almost 50 innovation firms to a Taiwan-Japan start-up summit in Tokyo, said that to strengthen collaboration in developing advanced technologies and setting up start-up ecosystems, the two sides should focus on how to solicit international funds, cultivate a talent pool, connect to global markets and develop “deep tech.”
Deep tech refers to the field of highly sophisticated technology rooted in advanced scientific principles and engineering innovations.
With Taiwan and Japan each emphasizing technological innovation in their respective economies, both have developed their own models for attracting foreign funding, Liu said, adding that Taiwan has signed a memorandum of understanding with Kyoto University Innovation Capital Corp, funded by Kyoto University, to seek start-ups to invest in.
In terms of talent cultivation, Liu said Taiwan has worked with the Japanese industrial sector to develop high-end technologies and that it hopes to expand such cooperation into talent exchanges.
Taiwan’s industrial sector has a solid foundation in semiconductor and artificial intelligence (AI) development, and it is expected that Taipei and Tokyo would be able to jointly develop AI, robots and deep tech to address the impact of their aging societies, Liu said.
As for how to connect with international markets, the NDC has launched the “Bridge” program to assist Taiwanese start-ups, he said, adding that yesterday’s launch of an innovation hub in Tokyo was the first step of that program.
According to the council, the innovation hub is expected to serve as a regular platform for comprehensive bilateral exchanges between Taiwan and Japan — in contrast to the previous pattern of sporadic one-off events — thereby paving the way for more substantive business cooperation.
Through these hub-hosted exchanges, start-ups from Taiwan and Japan would be able to extend their reach to find more business opportunities, Liu said.
In addition to Tokyo, the council plans to set up similar start-up innovation hubs in the US and Southeast Asia.
Taiwan has entered an era of massive private investments, which are estimated to top NT$5 trillion (US$156.5 billion) this year, Liu said.
Taiwan’s government has also encouraged the insurance industry to seek more investment, with a goal of US$5 billion per year, he added.
TECH BOOST: New TSMC wafer fabs in Arizona are to dramatically improve US advanced chip production, a report by market research firm TrendForce said With Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) pouring large funds into Arizona, the US is expected to see an improvement in its status to become the second-largest maker of advanced semiconductors in 2027, Taipei-based market researcher TrendForce Corp (集邦科技) said in a report last week. TrendForce estimates the US would account for a 21 percent share in the global advanced integrated circuit (IC) production market by 2027, sharply up from the current 9 percent, as TSMC is investing US$65 billion to build three wafer fabs in Arizona, the report said. TrendForce defined the advanced chipmaking processes as the 7-nanometer process or more
Who would not want a social media audience that grows without new content? During the three years she paused production of her short do-it-yourself (DIY) farmer’s lifestyle videos, Chinese vlogger Li Ziqi (李子柒), 34, has seen her YouTube subscribers increase to 20.2 million from about 14 million. While YouTube is banned in China, her fan base there — although not the size of YouTube’s MrBeast, who has 330 million subscribers — is close to 100 million across the country’s social media platforms Douyin (抖音), Sina Weibo (新浪微博) and Xiaohongshu (小紅書). When Li finally released new videos last week — ending what has
OPEN SCIENCE: International collaboration on math and science will persevere even if the incoming Trump administration imposes strict controls, Nvidia’s CEO said Nvidia Corp CEO Jensen Huang (黃仁勳) said on Saturday that global cooperation in technology would continue even if the incoming US administration imposes stricter export controls on advanced computing products. US president-elect Donald Trump, in his first term in office, imposed restrictions on the sale of US technology to China citing national security — a policy continued under US President Joe Biden. The curbs forced Nvidia, the world’s leading maker of chips used for artificial intelligence (AI) applications, to change its product lineup in China. The US chipmaking giant last week reported record-high quarterly revenue on the back of strong AI chip
Qualcomm Inc’s interest in pursuing an acquisition of Intel Corp has cooled, people familiar with the matter said, upending what would have likely been one of the largest technology deals of all time. The complexities associated with acquiring all of Intel has made a deal less attractive to Qualcomm, said some of the people, asking not to be identified discussing confidential matters. It is always possible Qualcomm looks at pieces of Intel instead or rekindles its interest later, they added. Representatives for Qualcomm and Intel declined to comment. Qualcomm made a preliminary approach to Intel on a possible takeover, Bloomberg News and other media
RSS