Deals
Taiwan Draws Up Plan to Woo $1.3 Billion of Annual Tech Research
- It aims to safeguard its lead in chips and other technology
- Taiwan has been caught in the center of a U.S.-China clash
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Taiwan is dangling incentives to attract more than NT$40 billion ($1.3 billion) of annual investments in research and technology, creating a seven-year blueprint to safeguard the island’s lead in semiconductors and other cutting-edge fields.
As part of the initiative, the cabinet plans to allocate more than NT$10 billion to entice foreign chipmakers to set up R&D facilities locally, confirming an earlier Bloomberg News report. The government said Thursday it aims to subsidize as much as half of all research and development costs incurred by global chip companies that build centers on the island.