Asia·Silicon Valley

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Innovation is high on Taiwan’s agenda, and the Asia·Silicon Valley segment of the 5+2 Innovative Industries plan promises to launch Taiwan into the innovation value ecosystem, says National Development Council (NDC) Deputy Minister Kung Ming-hsin. Innovative technologies and business models are transforming global business, Kung says, and “if Taiwan is not included in that trend,…

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The Tsai administration is making a heavy commitment of resources to promoting seven sectors of the economy as the key to transforming Taiwan’s industry. 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…