Tech firms are repatriating from tariff-hit China, boosting the local economy. But can Taiwan secure a long-term position in global supply chains? For years, it was a foregone conclusion that Taiwan’s tech hardware sector would concentrate production in China. Starting in the 1990s, local contract electronics manufacturers began moving capacity across the Taiwan Strait. They…
Specialty coffee shops have sprung up on nearly every street corner in recent years. Can they thrive in a traditional tea-drinking culture? Nobody seems quite sure when Taipei’s love affair with specialty coffee shops began. The pioneers have been around for more than a decade: Woolloomooloo, Rufous Coffee, and of course Cama, which has more…
Regulating STOs could provide a new equity fundraising channel for startups, but questions remain about the utility of the new rules. Just a few years ago, some virtual currency advocates were suggesting that Taiwan could become a hub for all things crypto in Asia. Given the conservative nature of Taiwan’s financial industry, the thought of…
Internet-only banks could potentially serve a credit-strapped young demographic that prefers to bank online, but what will be the effect on an already saturated banking sector? Taiwan is overbanked. Its 37 banking institutions operate roughly 5,000 branches for a population of about 23 million people. Because the sector’s US$1.6 trillion in assets are spread among…
The competition for market share for mobile-wallet business is intensifying as consumers increasingly settle transactions with their smartphones. Taiwan’s convenience stores have always lived up to their name – with one exception. They refuse to take most debit or credit cards. Besides cash, for years the only way to pay at a convenience store was…
Younger Taiwanese have a very different approach to work than previous generations. Companies are looking for the best ways to adapt. Since the start of Taiwan’s manufacturing age half a century ago, the same ethos has permeated most companies’ corporate culture. Decision-making is concentrated at the top, absolute loyalty is expected from employees, and overtime…
More expatriate professionals are coming, but they are often confronted with red tape and a conservative corporate culture. California native Ryan Terribilini moved to Taipei over a year ago to set up his own fintech firm after he received a Taiwan Entrepreneur Visa, designed to streamline the process for foreigners starting businesses on the island….
Taiwan’s three Science-based Industrial Parks – the Hsinchu Science Park in northern Taiwan, Central Taiwan Science Park centered in Taichung, and Southern Taiwan Science Park centered in Tainan – have provided a nurturing base of operations for the country’s high-tech industries. The advantages of locating within a science park include: One-stop Service. Companies need to…
Taiwan’s producers must move up the value chain as Chinese competitors undercut them on price in the mass market. The optoelectronics sector, a fixture in Taiwan’s science parks, has faced intensifying competition from China in recent years. Like the Taiwanese before them, the Chinese have focused on making products of acceptable quality at a low…
Since the first park opened in Hsinchu in 1980, the emphasis has been on accommodating manufacturers of technology hardware products. That focus is expected to start changing, as Taiwan’s industrial upgrading puts more stress on software, the internet of things, artificial intelligence, and robotics. Over the decades, much of Taiwan’s success as a global manufacturing…
