Taiwan’s semiconductor suppliers are expected to invest US$210 billion over the next five years to cement the country’s lead over its peers in the global IC market, according to National Development Council (NDC) Minister Kung Ming-hsin (龔明鑫).
At an investment forum on business startups on Friday, Kung said digital transformation in the high-tech sector had become an irreversible international trend, adding that the semiconductor industry along with 5G and artificial intelligence development was expected to serve as the core of the technology upgrade.
Kung said the government would continue to encourage the local semiconductor industry to invest by providing incentives under the Statute for Industrial Innovation.
In addition, Kung said, a restructuring of global supply chains amid escalating trade frictions between the United States and China is expected to lead Taiwanese semiconductor suppliers to move their investments out of the China market.
Source : Taiwan