Faced with rising labor costs, Taiwanese companies are increasingly utilizing the latest sophisticated technologies to go beyond conventional automation to embrace Industry 4.0. A growing number of Taiwanese manufacturers are making the leap to smart factories, reflecting the worldwide trend towards industrial automation known as “Industry 4.0.” The Tsai administration has made the development of…

The semiconductor industry’s concentration at home provides it with some insulation from the direct effects of the U.S.-China trade war. Taiwan’s crucial semiconductor industry is set to grow 5% in 2020 on the back of rising demand for artificial intelligence applications and 5G telecommunications infrastructure. Overall industry output value is expected to reach NT$2.8 trillion…

Next year, Taiwan’s economy will benefit from a steady flow of capital repatriation as local manufacturers move capacity home from China. Momentum from Taiwanese businesses returning from China should help Taiwan reach a GDP growth rate of 2.3% to 2.6% in 2020, compared to about 2.4% this year, economists say. In addition, growth in trade…

The promotion of English proficiency is designed to increase competitiveness in the international arena. To help ensure this country’s continued competitiveness in an era of globalization, the National Development Council (NDC) last December launched a plan to develop Taiwan into a “bilingual nation” by 2030. The goal is not to establish English as an official…

Forecasts for Taiwan’s economic growth next year currently range between 2.18% and 2.5%. The Taiwan economy is expected to undergo a moderate slowdown next year as overseas demand falters for its information technology and other high-tech products. But if that prospect is somewhat disappointing, the consolation is that Taiwan is likely to escape suffering harsh…

Food waste carries a heavy social, environmental, and financial cost, but with the right technology, it can become a stable, low-cost, high-return source of electricity. Taiwan generates an estimated 16.5 million tons of food waste a year. That’s enough to fill 182 Olympic-size swimming pools every day all year, year-in and year-out. For most people,…