The government will promote cross-disciplinary integration of chips and artificial intelligence (AI) to upgrade the biotech sector and enhance global competitiveness, positioning Taiwan as a trustworthy international partner, Premier Cho Jung-tai (卓榮泰) said yesterday at the opening of BIO Asia-Taiwan exhibition.
The event features more than 900 leading companies occupying 2,200 booths and participants from more than 50 countries, Cho said in his opening remarks.
It showcases Taiwan’s strengths in biotech and reflects the government’s strong commitment to building a friendly investment environment, he added.
Photo: CNA
Taiwan’s biotech sector has seen more than a decade of steady growth, with last year’s output surpassing NT$775 billion (US$26.4 billion), the highest ever, Cho said.
With 15 drugs approved for international sales and dozens of medical devices receiving foreign certifications annually, the industry is expanding, he said.
Biomedicine and agriculture were a focus of a report presented by the National Science and Technology Council at the Executive Yuan’s regular meeting yesterday, the premier said.
In biomedicine, seminconductors, AI and semiconductor technologies would be integrated — from upstream prototyping and midstream pilot production, to downstream regulatory easing and infrastructure deployment — to fully unleash the sector’s research and development and production potential, he said.
The premier touted Taiwan’s robust information and communications technology industry, outstanding healthcare system and comprehensive National Health Insurance database, giving it a strong foundation for industrial innovation.
The government will implement concrete policies to optimize the biotech ecosystem by enhancing funding access, regulatory clarity, talent development and market expansion to boost economic resilience and position Taiwan as a reliable and collaborative global partner, he said.
This year’s BIO Asia-Taiwan — Asia’s largest biotech event — is being held at the Taipei Nangang Exhibition Center through Sunday.
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