The major new development is creation of Taiwania Capital Management, a government-backed venture-capital operation. Among the seven industries targeted in the government’s “5+2 Industrial Innovation Program,” the one starting with the strongest foundation is smart machinery. Overall machinery production value this year could break the NT$1 trillion (about US$33 billion) mark for the first time,…

Rising worldwide demand for Taiwan’s export products is injecting more vitality into the economy. Most economists are currently forecasting GDP growth for this year and 2018 in the range of 2-2.5% – not the fast pace that Taiwan was long accustomed to, but still an improvement over recent economic performance. Given Taiwanese companies’ prominent role…

The government is moving cautiously – some developers think too cautiously – in promoting what could become a major new industrial sector. Offshore wind-power development is a huge undertaking. Enormous turbines fixed on gigantic masts rise 150 meters above the sea, with foundations reaching 50 meters into the waters below. The generating capacity of each…

The use of agricultural land will be needed to provide sufficient area, but regulations governing farmland are stringent.  Taiwan’s rural Yunlin County, traditionally one of the island’s least developed areas, is virtually booming with solar panels. Every third farmhouse or barn seems to be covered in solar panels. And where locals once eyed solar-power purveyors…

As consumer interest in organic foods grows, major food companies are entering this market segment.  Around the world, consumers are expressing greater interest in healthier diets that include more natural and organic ingredients without artificial additives and preservatives. Global sales of organic food have surged 200% over the last decade, according to research institutes, and…

Taiwan has created several new programs that offer promising opportunities for application developers. It is estimated that by 2050, over 70% of the global population will live in cities, including at least 29 “megacities” with populations exceeding 10 million people. Surging urban populations will increase challenges with regard to transportation, security, pollution, healthcare, and other…