Government to invest NT$4 billion in IC industry in 4 years

The China Post
Date: June 17, 2017

TAIPEI, Taiwan — Science and Technology Minister Chen Liang-gee (陳良基) said Friday that his


ministry is planning to invest NT$4 billion (US$132 million) over the next four years in the local semiconductor sector.

Attending the inauguration ceremony of a new production plant of Taiwan-based NAND Flash controller supplier Phison Electronics Corp. (群聯) located in Miaoli County’s Chunan, Chen said that the Ministry of Science and Technology (MOST) will provide NT$1 billion per year during the 2018-2021 period to a wide range of high-tech chip applications such as artificial intelligence (AI).

Chen said that the planned investments are expected to lead semiconductor firms operating in Taiwan and local academic circles to invest on their own to speed up the pace of Taiwan’s integrated circuit business development.

Chen added that the government investment is also aimed at working with the private sector to cultivate its own talent pool in the local IC business in a bid to upgrade the industry to compete in the global market.    [FULL  STORY]

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