The incoming administration of president-elect William Lai (賴清德) is planning to set up science parks in regions where Taiwanese businesses have made major investments, such as Japan, the US and Mexico, a local industry group cited minister of economic affairs-designate J.W. Kuo (郭智輝) as saying in a meeting with its members on Wednesday.
In a statement released on Thursday, the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) said that Kuo visited the group on Wednesday for an exchange of information and views on Taiwan’s information and communication technology (ICT) industry.
The association cited Kuo as saying that the new administration has plans to set up science parks in places where Taiwanese enterprises have made major investments.
Photo: CNA
The goal is to bring overseas commercial opportunities to smaller Taiwanese companies in the supply chain.
The incoming minister said that the major Taiwanese companies could lead the smaller ones in setting up their overseas plants and offices, with the government offering the service concerning foreign dealings to lower the barrier for small and medium-sized enterprises to go abroad.
Kuo made the comment in response to TEEMA chairman Richard Lee’s (李詩欽) remarks that Taiwan’s ICT industry is growing fast and expanding its manufacturing to other countries.
In 2022, Taiwan’s ICT industry grew to US$770 billion in terms of its global output value. Of that total, products manufactured in Taiwan accounted for 27.4 percent, whereas manufacturing in China accounted for about 60 percent and others 12 percent, Lee said in the statement.
The forecast is that in 2027, the total output value would exceed US$1 trillion and those manufactured in Taiwan would take up one-quarter, China 40 percent and other places 35 percent, with Japan, India and Mexico being the countries with the fastest growth of Taiwan’s investments, Lee said.
The incoming minister also told the association that he would examine Taiwan’s overall power supply, and ensure power sufficiency for its industries and the public.
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