Taiwan science parks deliver 2nd highest annual revenue

2024/03/13

Taiwan’s three science parks reported revenue totaling NT$3.94 trillion (US$125.49 billion) for 2023, marking the second-highest return in history, according to the Cabinet-level National Science and Technology Council.
 
NSTC statistics released March 11 reveal that total trade reached NT$4.43 trillion, with total employment arriving at 322,936.
 
The revenue of Southern Taiwan Science Park in the cities of Tainan and Kaohsiung grew 6.88 percent to NT$1.59 trillion, hitting a record high for the third consecutive year, while Hsinchu Science Park in northern Taiwan and Central Taiwan Science Park in Taichung City saw drops to NT$1.42 trillion and NT$938 billion, respectively.
 
STSP’s growth can be attributed to the steady increase of integrated circuit production using the advanced three-nanometer process, the NSTC said, adding that the other two parks’ declines have since slowed with the recovery of the technology industry and the surge in artificial intelligence applications.
 
A breakdown of the statistics shows that telecommunications products were the top revenue generator, rising 8.92 percent thanks to high demand from the global low Earth orbit satellite sector and steady supplies of internet infrastructure components.
 
The biotechnology sector also improved, with revenue growth of 5.83 percent as sales of new drugs and export orders for medical devices and test reagents increased.
 
According to the NSTC, demand was lower for computers and peripherals, integrated circuits, optoelectronics and precision machinery. Although impacted by the weak global economy, IC revenue is expected to turn positive since major producers are continuing to develop advanced processes and expand their factories, the NSTC said, adding that the optoelectronics sector also showed signs of bouncing back.
 
Despite global economic challenges and the end of interest rate rises by central banks worldwide, the NSTC said it remains optimistic about the outlook for Taiwan’s science parks in 2024. Rising demand for electronic products and Taiwan’s strengths in 5G, AI and high-performance computing applications are expected to spur growth momentum moving forward, it added.


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