Hon Hai chief signs agreement with university

Staff writer, with CNA

Fri, Jan 17, 2014 - Page 14

Terry Gou (郭台銘), founder of the YongLin Healthcare Foundation and chairman of Hon Hai Precision Industry Co (鴻海精密), signed an agreement on Thursday with National Taiwan University (NTU) to support the nation’s biomedical industry.

The agreement aims to recruit hundreds of senior bimedical professionals worldwide — including at least five Nobel Prize-winners — to work at the biomedical research center established by Gou. The YongLin Biomedical Engineering Center is expected to begin operations in March, and covers areas from cell therapy to radiation medicine, smart hospitals, preventive medicine and medical electronics.

“We expect the engineering center to become a leading research hub for Chinese speakers and the global biomedical industry,” Gou said at a signing ceremony, adding that his foundation will fund NT$5 billion (US$166 million) to establish the center.

In 2007, the YongLin Healthcare Foundation signed a memorandum of understanding with NTU, in which Gou promised to donate a cancer hospital to NTU and develop a biomedical engineering program. The foundation said it plans to invest NT$10 billion to build a radiation treatment center, the YongLin Biomedical Engineering Center and the cancer hospital. The hospital is scheduled to be completed by 2018.

The YongLin Healthcare Foundation has spent over its planned budget of NT$15 billion in its cooperation with NTU since 2007.

NTU president Yang Pan-chyr (楊泮池) said now is a good time to start a global recruitment project, as the center will target new technologies and equipment to help improve people’s health.