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Taiwan eyes $1.3 billion in foreign tech investment under new scheme

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Taiwan hopes a new programme will attract T$40 billion ($1.34 billion) of research and development investment by foreign tech companies, creating more than 6,300 jobs a year, the government said on Thursday.

Taipei will spend more than T$10 billion in subsidies over the next seven years to attract the investment, Lin Chuan-neng, the island’s vice minister of economic affairs, said on Thursday.

“We will target three investment in three areas, which are 5G, artificial intelligence and semiconductors,” Lin told a news conference in Taipei. “We hope to get them to Taiwan to do research and development,” he added. “We hope to boost related supply chains in Taiwan.”

 

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'Scheme?' Really?

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