The Taichung City Government is gearing up for the planned opening of a science-based industrial park in the city, hoping investments in the project will boost the local economy.
Taichung Mayor Jason Hu (胡志強) has instructed the city government to offer courses on the uses of the TFT-LCD computer monitor, that is to represent the major investment in the park, as a gesture of welcome.
The gesture is to be made to AU Optronics Corp, which has announced it will invest NT$200 billion in the production of TFT-LCD monitors in Taichung.
The huge investment, though seen by some as merely a publicity stunt, is taken seriously by the city government, which is desperately in need of capital to stimulate the local economy.
A city government official in charge of the project, who preferred to remain anonymous, said there is no way of knowing whether the NT$200 billion investment is going to materialize.
He was, however, certain that AU Optronics Corp is going to introduce the technology to produce TFT-LCD monitors in the city.
"For years, Taichung's industry has been focused on machinery. We do not have the ability to produce the kind of TFT-LCD monitors developed by AU Optronics Corp. Its investment here will not only introduce new technology but also immense business opportunities to local small and medium-sized concerns," the official said.
The vision of a prospective economic boom is shared by the state-run Aerospace Industrial Development Corp (AIDC), which has its headquarters in the city.
The AIDC, the developer of the Indigenous Defense Fighter, has produced a prototype of a large-sized TFT-LCD panel in an attempt to get a share of the new market it plans to enter.
The planned investment by the AIDC shows that the largest aerospace company in the country is looking for new markets, as it has not had any orders for aircraft for years.