The government is moving ahead with a plan to open a new technology research center to serve as the country’s industrial innovation and research base, the Council of Economic Planning and Development (CEPD) said.
The plan was approved by the Executive Yuan in November as part of a program to promote industrial innovation through cooperation among industry, academics and research institutes.
The Ministry of Economic Affairs will establish the research and development park in central Taiwan this year to spur development in the innovation industry. It plans to invest NT$3.6 billion (US$113.7 million) to build the park.
INVITATION
The ministry will invite domestic research institutes, such as the Institute for Information Industry and the Industrial Technology Research Institute, to open their innovation and incubation centers in the planned zone in Jhongsing New Village, Nantou County.
Tenants are expected to move in as early as by the end of this year.
The government hopes that the special innovation park will help technology upgrades and innovation among industries in central Taiwan, said Lin Hao-chu (林浩鉅), an official at the ministry’s Department of Industrial Technology.
INTELLIGENCE
Aside from the park, a market intelligence technology research center will also be set up in Jhongsing Village, Lin said.
The new center will be commissioned to develop green intelligence mobile technologies through cloud computing, Lin said.
The ministry estimates that the two facilities will attract 1,450 talents in advanced research, the CEPD said.
It said that as many as 115 companies were expected to move or establish their incubation centers in the park after its completion.
Industrial investment in the park and the research center are expected to generate a production value of between NT$15 billion and NT$60 billion annually, the council said.
RECYCLE: Taiwan would aid manufacturers in refining rare earths from discarded appliances, which would fit the nation’s circular economy goals, minister Kung said Taiwan would work with the US and Japan on a proposed cooperation initiative in response to Beijing’s newly announced rare earth export curbs, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday. China last week announced new restrictions requiring companies to obtain export licenses if their products contain more than 0.1 percent of Chinese-origin rare earths by value. US Secretary of the Treasury Scott Bessent on Wednesday responded by saying that Beijing was “unreliable” in its rare earths exports, adding that the US would “neither be commanded, nor controlled” by China, several media outlets reported. Japanese Minister of Finance Katsunobu Kato yesterday also
Taiwan’s rapidly aging population is fueling a sharp increase in homes occupied solely by elderly people, a trend that is reshaping the nation’s housing market and social fabric, real-estate brokers said yesterday. About 850,000 residences were occupied by elderly people in the first quarter, including 655,000 that housed only one resident, the Ministry of the Interior said. The figures have nearly doubled from a decade earlier, Great Home Realty Co (大家房屋) said, as people aged 65 and older now make up 20.8 percent of the population. “The so-called silver tsunami represents more than just a demographic shift — it could fundamentally redefine the
China Airlines Ltd (CAL, 中華航空) said it expects peak season effects in the fourth quarter to continue to boost demand for passenger flights and cargo services, after reporting its second-highest-ever September sales on Monday. The carrier said it posted NT$15.88 billion (US$517 million) in consolidated sales last month, trailing only September last year’s NT$16.01 billion. Last month, CAL generated NT$8.77 billion from its passenger flights and NT$5.37 billion from cargo services, it said. In the first nine months of this year, the carrier posted NT$154.93 billion in cumulative sales, up 2.62 percent from a year earlier, marking the second-highest level for the January-September
Businesses across the global semiconductor supply chain are bracing themselves for disruptions from an escalating trade war, after China imposed curbs on rare earth mineral exports and the US responded with additional tariffs and restrictions on software sales to the Asian nation. China’s restrictions, the most targeted move yet to limit supplies of rare earth materials, represent the first major attempt by Beijing to exercise long-arm jurisdiction over foreign companies to target the semiconductor industry, threatening to stall the chips powering the artificial intelligence (AI) boom. They prompted US President Donald Trump on Friday to announce that he would impose an additional