Taiwan Business TOPICS
The U.S.-China trade dispute has brought significant changes in markets and industries around the world, and at first it appeared that Taiwan would suffer a severe negative effect. In the early months of the dispute, the imposition of heavy tariffs and other trade barriers began impacting Taiwanese companies whose manufacturing processes take place mainly in China. These enterprises began reconsidering the extent of their China operations and looking to neighboring markets as alternatives.
Seeing the enormous potential in this situation, InvesTaiwan, an inter-ministerial organization overseen by the Ministry of Economic Affairs, began devising a strategy to draw many of the affected companies back to Taiwan to help spark growth in the domestic economy.
On Monday, the Estonian Environmental Investment Center (KIK) announced a €4 million project proposal for the purchase of electric buses to operate on urban routes and for the creation of a recharging network.
The deadline for proposals is May 10 and the rate of support is capped at 50 percent, according to KIK. Eligible for support are projects which will see at least eight low-floor buses purchased for operating public urban bus routes for at least five years. The minimum average yearly mileage must be 40,000 kilometers.
The support can also be used for the purchase and construction of recharging infrastructure and for data analysis. Funding can be sought by local governments, public transport centers and other competent institutions and carriers operating urban routes within the meaning of the Public Transport Act.
Taiwan and Israel flags (Oleksii Liskonih; iStock by Getty Images)
A Taiwanese innovation program, IP² LaunchPad, that aims to create tech collaborations between Israeli startups and the East Asian country’s industry and academia, will be selecting 12 companies for the second cohort of the accelerator program, to pave the way for their entry into Far East markets.
The companies will be in advanced stages of development of their products and will focus on a variety of sectors, including digitalization in healthcare, high-tech and renewable energy industries, big data, artificial intelligence, internet of things, 5G and cybersecurity, the program organizers said in a statement.
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Taipei, Feb. 6 (CNA) The 2020 production value of Taiwan's semiconductor equipment industry is estimated at a record NT$65 billion (US$2.29 billion) or even higher, as solid global demand for high-end integrated circuits prompted IC suppliers to expand capacity, according to the Ministry of Economic Affairs (MOEA).