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13 Nov 2017
The production value of the nation’s IC industry to hit NT$2.64 trillion (US$87.5 billion) in 2018, registering the world’s highest growth of 7.1 percent. The fast development of Artificial Intelligence of Things (AIoT) should boost Taiwan’s semiconductor industry in 2018, and by 2020 its annual output is likely to reach NT$3 trillion.

02 Oct 2017

The bus tests are partly to prove that the autonomous-driving technology is safe to deploy on the city’s busy streets, and partly to gather the data needed to improve the artificial intelligence that steer such vehicles. The effort, one of the earliest in Asia, could help position Taiwan as both a pioneer in autonomous public transportation and, if things go according to plan, a producer of driverless buses.

22 Sep 2017

The European Commission recently released a report titled "The EU Trade Policy Review," which states that the EU plans to expand its relations with Taiwan and is prepared to start negotiations with the country on investment. 

As the EU is Taiwan's fifth-largest trade partner and the largest source of foreign investment, Taiwan has high hopes of starting talks on a Taiwan-EU investment agreement.

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09 Aug 2017

A five-day driverless bus test conducted by the Taipei City government has received positive feedback from government officials, system developers and members of the public. The driverless bus was able to collect mapping data and demonstrate its ability to precisely detect environmental conditions.

13 Jun 2017
Taiwan was rated 14th out of the 63 economies covered by the annual report and was third among Asian economies, behind Hong Kong and Singapore.
Economies are ranked based on an analysis of more than 340 criteria grouped into four main categories: economic performance, government efficiency, business efficiency and infrastructure.
 

13 Nov 2015

Taiwan ranked sixth out of 132 countries in the Global Entrepreneurship Index (GEI) for 2016, two places up from last year.

Taiwan also led Asian countries as the most attractive place in the region to launch a start-up in the new year, according to the annual report from the U.S.-based Global Entrepreneurship and Development Institute.

17 May 2017
In what it is calling the 5+2 Major Innovative Industries policy, the administration aims to shift Taiwan’s industrial base away from its traditional concentration on contract manufacturing and gear it towards high-value-added, service- and solutions-oriented business models.
 
The initial five “pillar industries” were the Internet of Things (also referred to as Asia·Silicon Valley), Biomedical, Green Energy, Smart Machinery, and Defense. Added later were high-value agriculture and the circular economy.
 

13 Jul 2015

Through Productivity 4.0, the ROC hopes to achieve the goals of industrial transformation and value-added industries in addition to creating a new generation of competitive products for the global market. Productivity 4.0 is a response to the Industry 4.0 policies of other countries and encompasses a wider scope.

Implementing Productivity 4.0 involves getting hold of key and core technologies. Via breakthroughs in key technologies, Taiwan’s industries could achieve industrial transformation and enhance their international competitiveness.

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24 Jan 2017

After nearly two months of applications, selection and panel interviews, Taiwan’s first seed accelerator – Taiwan Accelerator, has finally selected 8 out of 153 startups to provide with seed money and follow-up mentorship. In a country that does not place importance in seed investments, this is an unprecedented number of startups being invested in a single batch.

31 Jul 2015

The government has decided to invest US$11.18 billion in the nation’s research and development (R&D) projects next year. The figure is a 2.3% decrease from US$11.45 billion this year. 

Despite a smaller budget in total R&D, the government said that it will increase investment in the disaster and safety sector by 11.2% from this year, and also increase budget for small and medium-sized companies by 1.4% strengthening “selection and concentration” in the R&D sector. 

21 Aug 2015

A wide-ranging development plan targeting Taiwan's biotechnology-based economy is set to kick off next year. Focusing on agriculture, biomedicine, food, health care and medical instruments, the 10-year initiative will potentially expand the scale of the local bio-economy to USD 123.2 billion in 2026.

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