Home / Taiwan Business Briefs
Wed, May 15, 2002 - Page 18 News List

MOEA touts chips, flat panels


The Ministry of Economic Affairs has every confidence in the nation's semiconductor and flat-panel display industries, saying the production value of the two industries will top NT$1 trillion (US$28.88 billion) in a few years.

Economic officials made the remarks when they introduced the "twin trillion, twin star" (兩兆雙星) project to the Elite Alliance (菁英聯盟), a 25-member group of opposition KMT legislators.

Minister of Economic Affairs Lin Yi-fu (林義夫) said the project refers to the production value of the two industries, namely the semiconductor and flat-panel display industries, of NT$1 trillion (US$28.49 billion) each in a few years, and the two "star" industries of digital content and biotech.

Vice Minister of Economic Affairs Shih Yen-hsiang (施顏祥) said that if the global semiconductor industry rebounds, then the production value of Taiwan's semiconductor industry will hit NT$1 trillion in two or three years. The semiconductor sector, affected by the sluggish economy last year, had a production value of more than NT$500 billion last year and is expected to reach NT$700 billion this year, he said.

Comments will be moderated. Keep comments relevant to the article. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. Final decision will be at the discretion of the Taipei Times.

TOP top