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Investing in Taiwan’s Technology Industrial Park

The Export Processing Zone Administration (EPZA) of the Ministry of Economic Affairs (MOEA) recently reported that the park’s Investment Review Commission approves four investment applications. The total investment figures amounted to NTD 1.6 billion.

The first areas of investment include the manufacture and sale of LED explosion-proof luminaire, flameproof apparatus, and UVC-LED sterilisation equipment. The company’s products are mainly used in the lighting of the petrochemical industry and the special working environment where electrical and dust particles are inflammable and explosive. After station into Kaohsiung Cianjhen Technology Industrial Park (CTIP), it is expected to connect other LED lighting equipment manufacturers in the park to establish a related industrial chain.

Another company will invest NTD 1.2 billion to move the production line into Taichung Port Technology Industrial Park (TPTIP) for operation. The company plans to upgrade the production line to automated and smart production, expand the scale of operation and production efficiency. The company is mainly engaged in the development and manufacturing of home technology smart electric bed sets. The products use personalised settings and cloud, big data technology to customize sleep services and improve user’s sleep quality.

Another tech company mainly provides ship design and related technical analysis services. The company proposes simplified construction difficulty design in the initial design and assists the shipyard in setting up CNC and other automated production machines to reduce labour costs. Setting up a company and operating in Kaohsiung Software Park (KSP) could contribute to strengthening the overall industrial structure.

The investment also includes multinational human resources with multi-language translation. The company assists foreign employees to submit resumes by providing online diagnostic tools, providing talent matching channels to makes use of employing benefits of the right person in the right place. After station into KSP, the company will cooperate with other enterprises in the park to enhance the multi-functional human resources service system, which is expected to drive the development of the industrial chain.

EPZA is actively conducting the second phase of investment promotion for the KSP. The KSP will provide a field for 5G Artificial Intelligence of Things (AIoT), testing, and application development. It is not only located in the city centre of Asia New Bay Area but also forms a front shop, back factory with CTIP and Nanzih Technology Industrial Park (NTIP), to create the most important technology industry cluster in southern Taiwan. EPZA welcomes the information industry and 5G AIoT emerging technology enterprises to station in.

Technology Industrial Park (TIP) aims to accelerate the promotion of smart manufacturing, equipment optimisation, advanced material research and development, etc., and make the park into an important high-end manufacturing centre. Moreover, TIP actively introduces 5G equipment and resources, promotes intelligent, cloud-based, and customised services to explore new business opportunities in digital intelligence, as well as promotes the optimisation of park facilities.

As reported by OpenGov Asia, to accelerate the digital transformation of the southern manufacturing industries, The Export Processing Zone Administration (EPZA) of Taiwan’s Ministry of Economic Affairs (MOEA) strives for the Forward-looking Program 2.0 funds to promote the talents cultivation base project digital transformation in the southern parks, cooperates with the Institute for Information Industry (III) to build Taiwan’s first “Digital Transformation Innovation Hub (DTIH)”, which was officially completed in Kaohsiung Software Park (KSP).

Through the co-creation of localised value, assisting enterprises to digital transform independently, which will guide the model case from the Technology Industrial Park and expand to the southern industrial area, gradually leading the innovative transformation and development of the local industries, creating a comprehensive effect of win-win for the southern soft and hard industries.

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