President Tsai pledges to strengthen Taiwan's electronic equipment industry competitiveness

2022/01/19

President Tsai Ing-wen said Jan. 17 that more public-private cooperation in strengthening the competitiveness of Taiwan’s electronic equipment industry is key to boosting the country’s economic prospects post COVID-19.
 
According to Tsai, the output of Taiwan’s semiconductor equipment industry in 2020 was valued at US$3.29 billion and grew 28.7 percent last year to US$4.23 billion. 70 percent of the US$36 billion invested in semiconductor fabrication plants in 2021 was committed to manufacturing equipment, with the majority purchased from overseas, she added.
 
Tsai made the remarks while receiving a delegation from the Taiwan Electronic Equipment Industry Association at the Presidential Office in Taipei City.
 
To ensure the leading position of the country’s semiconductor industry, localizing the production of semiconductor industry equipment is a top priority for the government, as well as being an important goal for the association, Tsai said.
 
It is hoped that through continued cooperation between the government and the TEEIA, the global competitiveness of Taiwan’s electronic equipment industry can be further strengthened, she added
 
Other high-profile attendees at the event included David Tawei Lee, secretary-general to the president; Tseng Wen-sheng, deputy minister of economic affairs; and Laurie Wang, chairman of the TEEIA.
 
The government will continue to stand shoulder to shoulder with the industry to make Taiwan a high-end production hub for Asia and an advanced semiconductor manufacturing center in the future, Tsai said. 


Source: Taiwan Today (https://taiwantoday.tw/index.php)