Few technological advances have gained the world’s attention like the Internet of Things (IoT), defined by global analytics firm IDC as “a network of uniquely identifiable ‘things’ that communicate without human interaction using IP connectivity.” Some 13 billion connected devices are already in operation, used mostly in manufacturing, transportation, smart cities, and consumer applications, and…

Fully automatic buses are already being tested in Taipei for late-night service. Backed by its solid base in ICT (information-communications technology), Taiwan is gearing up for the coming trend of driverless cars, which is expected to revolutionize transportation worldwide within 10 years. Taiwanese automaker Yulon Motor Co. has been among the leaders domestically in this…

Supporting a brand is difficult. Despite low margins, the OEM/ODM model brings in steady business. Factories of Hon Hai Precision (also known as Foxconn) and other major Taiwanese contract manufacturers are currently running at full capacity churning out the iPhone 8 and other new models launched by Apple. Economists regularly disparage Taiwan’s continued heavy reliance…

Taiwan aims to pursue financial technology innovation, but over-regulation continues to block the needed experimentation and flexibility. Technological advances are increasingly transforming every aspect of financial services, a phenomenon that has given rise to the term “fintech,” short for financial technology. In Taiwan, the Financial Supervisory Commission (FSC) in 2015 established a Fintech Office to…

But capturing the possibilities will require a difficult shift in focus from hardware and assembly to software, plus a change in regulatory mindset. Long before there was Facebook, YouTube, or Instagram, Taiwan had an active social network of its own: the PTT bulletin board system (BBS). National Taiwan University student Ethan Tu founded PTT in…