Two Taiwanese start-ups won top prizes at the SelectUSA Tech competition in Maryland last week, while another local firm placed second in its category, the Ministry of Economic Affairs said on Saturday.
Fourteen start-ups from Taiwan competed in seven major categories against 100 finalists from around the world in the SelectUSA Tech, which is part of the SelectUSA Investment Summit held from June 26 to Wednesday last week, the ministry said in a statement.
Among the Taiwanese contenders, Astron MedTech Co (艾斯創生醫), established by Taiwan Accelerator Plus (TAcc+), won in the MedTech Software category, while Lydsec Digital Technology Co (來毅數位科技) took the top prize in the Cybersecurity category, the ministry said.
Photo courtesy of the Ministry of Economic Affairs
A third Taiwanese start-up, CancerFree Biotec Ltd (精拓生技), took second prize in the MedTech Software category, it said.
The other major categories were CleanTech, eCommerce & Retail Tech, FinTech and a general category called Other.
At the summit, Small and Medium Enterprise Administration Director-General Ho Chin-tsang (何晉滄) met with Maryland Department of Commerce Director Jessica Reynolds to discuss establishing a start-up exchange platform between Taiwan and the state, the ministry said.
Ho and Reynolds agreed that Taiwan’s Startup Terrace village in New Taipei City, the Asia New Bay Area 5G AIoT Innovation Park in Kaohsiung and TAcc+ should work with innovation accelerators in Maryland to help more start-ups, the ministry said.
After the SelectUSA Summit, Ho and representatives of 23 Taiwanese start-ups were invited by the American Institute in Taiwan (AIT) to visit California’s Silicon Valley to seek potential investors, as part of an effort to boost the visibility of Taiwanese start-ups in the US market, it said.
The Taiwanese representatives also attended a NextGen Telecom roundtable hosted by the AIT, it added.
The SelectUSA Summit, an annual event sponsored by the US Department of Commerce, focuses on facilitating job-creating investments in the US.
This year, National Development Council Minister Kung Ming-hsin (龔明鑫) led a 41-member delegation to the meeting, aiming to increase exchanges in the tech sector — in particular, semiconductors, artificial intelligence, telecoms and space exploration.
Start-ups from Hungary, the Netherlands, Israel and Portugal were among the winners this year.
SOLID FOUNDATION: Given its decades of expertise in megatronics, manufacturing and robotics, Japan has the wherewithal to create its own AI, Jensen Huang said Nvidia Corp plans to help build an artificial intelligence (AI) tech-related ecosystem in Japan to meet demand in a country eager to gain an edge in this emerging technology. The US company will seek to partner with Japanese research organizations, companies and start-ups to build factories for AI, Nvidia CEO Jensen Huang (黃仁勳) said yesterday during opening remarks in a meeting with Japanese Minister of Economy, Trade and Industry Yasutoshi Nishimura. The company is to set up an AI research laboratory, and invest in local start-ups and educate the public on using AI, Huang said. Huang earlier this week met with Japanese Prime
Huawei Technologies Co (華為) is among a field of “very formidable” competitors to Nvidia Corp in the race to produce the best artificial intelligence (AI) chips, Nvidia chief executive officer Jensen Huang (黃仁勳) said yesterday. Huawei, Intel Corp and an expanding group of semiconductor start-ups pose a stiff challenge to Nvidia’s dominant position in the market for AI accelerators, Huang told reporters in Singapore. Shenzhen-based Huawei has grown into China’s chip tech champion and returned to the spotlight this year with an advanced made-in-China smartphone processor. “We have a lot of competitors, in China and outside China,” Huang said. “Most of our competitors
TAPPING TAIWAN? TSMC is committed to hiring locally, but circumstances might require the firm to bring in foreign workers with specialized experience, they said Arizona labor unions and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) have reached an agreement to resolve labor disputes that have dogged the chipmaker’s construction site in Phoenix, Arizona, they said in a joint statement. The new accord is the result of months of negotiations between the world’s leading chipmaker and the Arizona Building and Construction Trades Council (AZBTC), a coalition of unions with 3,000 members on site — about one-quarter of TSMC’s total construction workforce. Under the agreement, TSMC — which is investing US$40 billion in Arizona — plans to partner with unions to develop workforce training programs and maintain transparency on
Global semiconductor industry revenue is expected to grow 16.8 percent year-on-year next year, following a slump this year, largely fueled by a surge in demand for memory chips, US-based market information advisory firm Gartner Inc said on Monday. Gartner said the global semiconductor industry is forecast to generate US$624 billion in sales next year, up from US$534 billion this year, during which revenue is predicted to fall 10.9 percent amid inventory adjustments caused by weak demand. The global market for memory chips is expected to rebound next year by 66.3 percent, following a fall of 38.8 percent this year due to oversupply
RSS