Taiwan will spend NT$7 billion (US$219.3 million) over four years to boost the development of cutting-edge telecom technologies, an official said yesterday.
The project to give the country an edge in fourth-generation (4G) technologies was approved on Monday by the Council for Economic Planning and Development, the country’s top economic planning body.
“Part of the money will be used to encourage local private companies to develop key parts for the WiMAX network,” said Chou Chung-pin of the Industrial Development Bureau, an agency under the Ministry of Economic Affairs.
Companies involved in the projects will provide up to 80 percent of the cost, with the balance covered by government subsidies.
WiMAX 4G technology provides high-speed broadband wireless services and improved image and data services.