The government yesterday inaugurated the program office for a 5G artificial intelligence of things (AIoT) innovation park in Kaohsiung’s Asia New Bay Area (亞洲新灣區).
The 5G AIoT Innovation Park Program Office is to oversee the construction of Taiwan’s most comprehensive 5G and AIoT testing and demonstration facilities, and an innovation park for start-ups.
The five-year, NT$11 billion (US$396.5 million) investment plan, which was announced early this year by the Executive Yuan, involves the Kaohsiung City Government, the Ministry of Economic Affairs, the Ministry of Transportation and Communications, the National Development Council, the National Communications Commission and the Ministry of Culture.
Photo courtesy of the Ministry of Economic Affairs
The government has so far attracted 42 local and foreign start-ups — including InSynerger Technology Co (思納捷科技), Dudoo Ltd (肚肚), Pumpkin Studio (南瓜虛擬科技), Nadi System Corp (杰悉科技) and Uniigym Co (優力勁聯) — to join the innovation park, the Ministry of Economic Affairs said in a statement.
The government hopes to build a complete entrepreneurial environment with ample resources at the park to help start-ups expand their markets and align with international trends, it said.
In addition, several start-up accelerators and local companies, as well as some international corporations, such as Amazon Web Services, Microsoft Corp and Nvidia Corp, have expressed an interest in having a presence at the innovation park, Vice Minister of Economic Affairs Lin Chuan-neng (林全能) said.
The Asia New Bay Area investment plan would also promote music centers, conferences and exhibitions, as well as e-sports and logistics development in Kaohsiung, the Ministry of Economic Affairs said.
President Tsai Ing-wen (蔡英文) was briefed by the city government and several ministries about the investment plan earlier yesterday at the inauguration ceremony.
The program office would play an important role in the government’s efforts to balance development between southern and northern Taiwan, Tsai said.
It is a starting point for Kaohsiung’s digital transformation, and represents a close collaboration between the central and local governments, she said.
Tsai added that she expects the investment plan to help Kaohsiung develop into a new technology center, create more high-quality work opportunities for young people in the south, and lead to a new phase of industrial and economic development in the nation.
At the ceremony, Kaohsiung Mayor Chen Chi-mai (陳其邁) thanked the central government for supporting high-tech development in the Asia New Bay Area through the 5G, AIoT, information technology and digital sectors, and praised the close collaboration between various ministries and the city government that enabled the program office to start operations 10 months after its initiation.
In addition, a newly developed science park in Kaohsiung’s Ciaotou District (橋頭) would soon allow manufacturers to start choosing sites and build factories, Chen said, adding that several international companies would be joining the park.
RECYCLE: Taiwan would aid manufacturers in refining rare earths from discarded appliances, which would fit the nation’s circular economy goals, minister Kung said Taiwan would work with the US and Japan on a proposed cooperation initiative in response to Beijing’s newly announced rare earth export curbs, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday. China last week announced new restrictions requiring companies to obtain export licenses if their products contain more than 0.1 percent of Chinese-origin rare earths by value. US Secretary of the Treasury Scott Bessent on Wednesday responded by saying that Beijing was “unreliable” in its rare earths exports, adding that the US would “neither be commanded, nor controlled” by China, several media outlets reported. Japanese Minister of Finance Katsunobu Kato yesterday also
China Airlines Ltd (CAL, 中華航空) said it expects peak season effects in the fourth quarter to continue to boost demand for passenger flights and cargo services, after reporting its second-highest-ever September sales on Monday. The carrier said it posted NT$15.88 billion (US$517 million) in consolidated sales last month, trailing only September last year’s NT$16.01 billion. Last month, CAL generated NT$8.77 billion from its passenger flights and NT$5.37 billion from cargo services, it said. In the first nine months of this year, the carrier posted NT$154.93 billion in cumulative sales, up 2.62 percent from a year earlier, marking the second-highest level for the January-September
‘DRAMATIC AND POSITIVE’: AI growth would be better than it previously forecast and would stay robust even if the Chinese market became inaccessible for customers, it said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday raised its full-year revenue growth outlook after posting record profit for last quarter, despite growing market concern about an artificial intelligence (AI) bubble. The company said it expects revenue to expand about 35 percent year-on-year, driven mainly by faster-than-expected demand for leading-edge chips for AI applications. The world’s biggest contract chipmaker in July projected that revenue this year would expand about 30 percent in US dollar terms. The company also slightly hiked its capital expenditure for this year to US$40 billion to US$42 billion, compared with US$38 billion to US$42 billion it set previously. “AI demand actually
Jensen Huang (黃仁勳), founder and CEO of US-based artificial intelligence chip designer Nvidia Corp and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) on Friday celebrated the first Nvidia Blackwell wafer produced on US soil. Huang visited TSMC’s advanced wafer fab in the US state of Arizona and joined the Taiwanese chipmaker’s executives to witness the efforts to “build the infrastructure that powers the world’s AI factories, right here in America,” Nvidia said in a statement. At the event, Huang joined Y.L. Wang (王英郎), vice president of operations at TSMC, in signing their names on the Blackwell wafer to