Taiwan’s minister of economic affairs discloses priorities

24-Jan-2020 Intellasia | Taiwan News | 6:02 AM Print This Post

Minister of Economic Affairs Shen Jong-chin (???) said on Wednesday that his work priorities for this year are to facilitate investment by reshoring Taiwanese businesses and to increase job opportunities for the people, CNA reported on Wednesday (January 23).

The total investment in Taiwan by reshoring businesses has reached NT$800 billion (about US$26.5 billion), the minister noted.

Speaking to Taiwan’s industrial strength, Shen said that multinational corporations such as Facebook, Google, Amazon, and Nvidia have invested in Taiwan, making the island an important research centre for emerging technologies, according to the report.

With regard to the semiconductor sector, the minister went on to say that Taiwan Semiconductor Manufacturing Company’s (TSMC) five-nanometer chips have reached a yield of 90 percent, exceeding those of Samsung and Intel, the report said.

To ensure Taiwan’s leading position in advanced manufacturing processes, the country’s semiconductor sector will invest NT$2.7 trillion in the future, making the country an advanced semiconductor advanced manufacturing process center, said the minister.”The water and electricity required for our semiconductor manufacturing is ready,” he added.



Category: Taiwan

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