The Cabinet has targeted four rising industries -- wireless broadband, digital life, health care and "green" or renewable energy -- under its recently approved industrial development package, with the goal of raising their production value to US$40 billion by 2009 and US$157 billion by 2015.
To promote the development of the wireless broadband industry, the Cabinet's "M-Taiwan" project aims to establish wireless broadband networks and develop various applications and business models to provide a convenient wireless networking service and environment. The industry's production value is expected to reach US$4 billion by 2009.
With regard to digital life, the Cabinet will encourage the development of digital families and smart spaces. Methods to be employed include integrating homes and technological applications, applying information technology in living, security, energy conservation and health management. Production value is expected to total US$20 billion by 2009.
As for the health care industry, targeted fields include elderly care, medical equipment, pharmaceuticals and health food, with the industry's production value expected to reach US$10 billion by 2009.
And for the green industry, the Cabinet will work on developing renewable energy, solar electricity, wind-power generation, clean production and energy conservation industries and boost production value to US$6 billion by 2009.