FORECAST: After contracting 4.05 percent this year, production value would grow to NT$19.68 trillion next year, driven by emerging technologies, the research institute said
Taipei Times
Date: Nov 05, 2020
By: Lisa Wang / Staff reporter
Taiwan Electrical and Electronic Manufacturers’ Association vice chairman Joseph Cheng, right, speaks at a news conference in Taipei yesterday, as Stephen Su, general director of the Industrial Technology Research Institute’s Industry, Science and Technology International Strategy Center looks on.
Photo: Lisa Wang, Taipei Times
The rebound would follow an annual contraction of 4.05 percent this year, the institute said.
Production value next year would expand to NT$19.68 trillion (US$678.48 billion) from NT$18.79 trillion this year, the institute said.
Emerging technologies such as 5G, high-performance computing, artificial intelligence and the Internet of Things would drive the growth, it said. [FULL STORY]
