TAIWAN Trends and Developments Contributed by: Eddie Chan, Derrick Yang, Winnie Lin and Yuan-Yuan Lo, Lee and Li Attorneys-at-Law
Introduction of Taiwan’s Technology Industry Taiwan’s technology industry has played a piv- otal role in both the domestic and global mar- kets. The industry is diverse and encompasses several major sectors, contributing to Taiwan’s competitiveness and innovation. Semiconductors Taiwan’s semiconductor industry not only holds a leading edge in production technology but also builds up a complete industry chain, which includes IC design, wafer foundry, packaging and testing, and equipment manufacturing, forming a robust industrial cluster that sup- ports the global supply of technology products such as advanced technologies like 5G, cloud computing, smartphones, artificial intelligence (AI), and the internet of things (IoT). Addition- ally, Taiwanese companies continuously strive in technological innovation, R&D investment, and global market expansion. Meanwhile, govern- ment policies also support the development of semiconductor-related industries. These factors have positioned Taiwan as a leader in the global semiconductor market. The output value of Tai- wan’s semiconductor industry is expected to exceed NTD5.2 trillion (approximately USD160.9 billion) in 2024. Furthermore, in the first quar- ter of 2024, TSMC’s market share in the global wafer foundry sector has reached 61.7%, main- taining its leading position. Electronics and information technology Electronics and information technology covers electronic components, consumer electronics, communication equipment and networking infra- structure. Taiwan’s electronics and information technology has earned international recognition for its high quality and reliability. Key players include Quanta, Wistron, Pegatron, Compal, and Inventec, etc. With the rapid development of the global technology industry, these companies are
also actively transforming from traditional OEM manufacturing to high value-added smart manu- facturing, system integration and other fields. Optoelectronics This sector primarily covers display technolo- gies such as LCD (liquid crystal display) and OLED (organic light-emitting diode), as well as solar photovoltaic technology. AU Optronics and Innolux are leading companies in the field. Driven by the net-zero carbon emission policy, the solar photovoltaic market continues to grow. Biotechnology and medical technology This sector includes biotechnology, pharmaceu- ticals, medical devices and health technology products. Taiwan has made significant progress in areas like precision medicine, vaccine devel- opment, and medical imaging technology. Green energy With the growing global focus on environmental protection and renewable energy, Taiwan has also made strides in wind energy, solar energy and other green technologies. Global economic climate, technological innova- tion and development trends, as well as geopo- litical situations may have impacted the develop- ment of Taiwan’s technology and semiconductor industries. Despite the challenges, the overall outlook for Taiwan’s technology and semicon- ductor industries in 2025 remains positive. This is mainly due to cooling inflation, a stabilising job market, a rebound in consumer spending, and the completion of inventory adjustments in the industries. Additionally, the demand for semiconductors driven by the AI boom and new energy is increasing, leading to a gradual recovery in the industry climate and strengthen- ing investment willingness among businesses. Against the backdrop of global technology,
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