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,…

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,…

In recent months, the public faceoff between ride-hailing app Uber Technologies and Taiwanese regulators has at times overshadowed the many ways in which the United States and Taiwan are working together in the digital economy. The collaboration covers a number of digital-economy initiatives first outlined in a Digital Economy Forum held in Washington, D.C. in…

Photo: Victor Taichung

The Tsai Ing-wen government has included this sector among its five priority industries.   To meet the growing global demand for smart automated manufacturing equipment in line with what has been dubbed “Industry 4.0,” Taiwan’s machinery companies are scrambling to turn out smart models by incorporating advanced information technology into their products. The outlook for…