IOT TECHNOLOGY:A survey by Qualcomm Technologies and IHS Markit said Taiwan needs to focus on R&D to move beyond its traditional manufacturing and supplier role
Date: Aug 14, 2017
By: Lisa Wang / Staff reporter
Taiwanese companies could generate more than US$134 billion in gross output of goods and services by 2035 from 5G-related applications, particularly in those built for the Internet of Things (IoT), the latest report released by Qualcomm Inc showed.
The economic impact from the next-generation wireless technology will also include the creation of 510,000 jobs in Taiwan over the next 18 years or so, according to a report, The 5G Economy, released by Qualcomm Technologies Inc, a Qualcomm subsidiary, on Friday.
The research was jointly conducted by IHS Markit.
IHS said that 5G technology represents a new opportunity for Taiwan to move beyond its traditional role of the major supplier of component, semiconductor and contract manufacturing services to the world’s information and telecommunications sector.