The government said yesterday that it will hold a ministerial meeting early next month to re-formulate human-resources policy in a bid to help multinational companies address an acute shortage of high-tech workers.
The government's move came in response to a complaint from the American Chamber of Commerce in Taipei (AmCham) about difficulties in recruiting workers.
"Reviewing problems regarding human resources to help companies cope with global operations is one of our top priorities," Hu Sheng-cheng (
Hu said the council has been aggressively studying new human resources policies, including how to ease worker shortages faced by many multinational companies and streamlining the procedures for foreign employees of these firms to enter the country.
AmCham, which has 800 members representing about 500 foreign companies with operations in Taiwan, said in its annual White Paper released on Tuesday that multinational companies in high-tech manufacturing and research and development, as well as in portions of the service sector, are encountering a growing shortage of "knowledge workers."
To solve such shortages, Amcham president Tom Johnson said, the government should establish a high-level, inter-agency task force to review the human-resources regulatory framework and come up with ways to improve it.
Hu said the CEPD will discuss measures with the relevant government agencies including the ministries of economic affairs and finance, the Mainland Affairs Council and Council of Labor Affairs early next month.
Another problem is the difficulty in bringing in employees who are Chinese citizens for training programs, conferences, or short-term work assignments.
It often takes months to bring Chinese professionals into the country for just a single project, which has caused difficulties for foreign investors and multinational companies, an AmCham official said on Tuesday.
Last year the government relaxed restrictions on Chinese doing business in Taiwan and streamlined the visa application procedures for Chinese spouses of foreign professionals, the CEPD said.
AI SPLURGE: The four major US tech companies have lost more than US$950 billion in value since releasing earnings and outlooks, while equipment makers were gaining Four of the biggest US technology companies together have forecast capital expenditures that would reach about US$650 billion this year — a flood of cash earmarked for new data centers and all the gear within them. The spending planned by Alphabet Inc, Amazon.com Inc, Meta Platforms Inc and Microsoft Corp, all in pursuit of dominance in the still-nascent market for artificial intelligence (AI) tools, is a boom without a parallel this century. Each of the companies’ estimates for this year is expected either near or surpass their budgets for the past three years combined. They would set a high-watermark for capital spending
China’s top chipmaker has warned that breakaway spending on artificial intelligence (AI) chips is bringing forward years of future demand, raising the risk that some data centers could sit idle. “Companies would love to build 10 years’ worth of data center capacity within one or two years,” Semiconductor Manufacturing International Corp (SMIC, 中芯) cochief executive officer Zhao Haijun (趙海軍) said yesterday on a call with analysts. “As for what exactly these data centers will do, that hasn’t been fully thought through.” Moody’s Ratings projects that AI-related infrastructure investment would exceed US$3 trillion over the next five years, as developers pour eye-watering sums
Bank of America Corp nearly doubled its forecast for the nation’s economic growth this year, adding to a slew of upgrades even after a rip-roaring last year propelled by demand for artificial intelligence (AI). The firm lifted its projection to 8 percent from 4.5 percent on “relentless global demand” for the hardware that Taiwanese companies make, according to a note dated yesterday by analysts including Xiaoqing Pi (皮曉青). Taiwan’s GDP expanded 8.63 percent last year, the fastest pace since 2010. The increase “reflects our sustained optimism over Taiwan’s technology driven expansion and is reinforced by several recent developments,” including a more stable currency,
COLLABORATION: Taiwan and the US could jointly find solutions to weaknesses in supply chain resilience for critical materials, focusing on mining and initial refinement Taiwan is likely to purchase rare earths from the US in the future, and is also in talks with Australia and Canada to strengthen global rare earth supply chain security, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday. Taiwan and the US last month concluded the sixth Economic Prosperity Partnership Dialogue, during which both sides signed a joint statement endorsing the principles of the Pax Silica Declaration, pledging to deepen cooperation in areas including critical minerals. At the time, Kung said the two sides would establish working groups to advance cooperation in areas including artificial intelligence, digital infrastructure, critical materials and