R&D outlay tops 3% of GDP
Research and development (R&D) expenditure reached NT$431.3 billion (US$14.4 billion) in 2012, accounting for 3.06 percent of GDP that year, according to the latest available data released by the government. The Directorate-General of Budget, Accounting and Statistics (DGBAS) said it was the second consecutive year in which R&D spending topped 3 percent of GDP. Seventy-five percent of the R&D spending took place in the private sector, while 24.8 percent was in the government sector. The rest was in the higher education and non-profit sectors, the DGBAS said. In terms of research type, spending on technological development accounted for the largest portion, at 67 percent.
Acer unveils smartphone
Local PC brand Acer Inc (宏碁) yesterday unveiled its latest 5-inch smartphone, the Liquid Z5, which is expected to make its debut at the annual International Consumer Electronics Show in Las Vegas on Tuesday. The new model is “designed for first-time adopters or budget-conscious users looking for mobile Web-browsing, photo and video-taking and entertainment,” the Taipei-based computer maker said in a statement. Powered by the Android 4.2.2 Jelly Bean operating system, the 147-gram smartphone sports a dual-core 1.3GHz processor, 4GB of internal user storage and a 5-megapixel camera. Despite the big screen, the Liquid Z5 is only 8.8mm thick and is easy to carry, Acer said.