Taiwan Business TOPICS - Industry Focus: Smart Machinery

The Smart Machinery portion of the 5+2 Innovative Industries plan is an upgraded and expanded version of the Industry 4.0 initiative started under the Ma Ying-jeou administration. It has already seen some success in promoting Taiwan’s machinery sector, which achieved an output value of NT$1.1 trillion (US$36.7 billion) last year and is expected to pass…

Major multinationals are engaging in research and training programs in Taiwan. How can Taiwan’s highly successful – but low margin – contract electronics manufacturing prowess be leveraged to create innovative brand leaders as higher-margin “internet of things” (IoT) businesses? That is the ambitious task given to the government’s Asia Silicon Valley Development Agency (ASVDA) as…