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Taiwan Highlights Key Tech Sectors to Drive Post-pandemic Economy

The post-pandemic world is entering a period characterised by restructuring and consolidation. Taiwan’s Ministry of Science and Technology (MOST), with the backing of Academia Sinica, the Ministry of Education and the Ministry of Health and Welfare are focused on six key strategic industries: IT and digitisation, cybersecurity, precision healthcare, renewable and sustainable energies, national defence and strategy, as well as civilian affairs and military preparedness.

With the rising popularity of the 5G infrastructure, asset security will be the next global battlefield. The synergy between Artificial Intelligence (AI), Internet of Things (IoT), cloud and many other emerging technologies related to 5G is yielding a plethora of innovative cross-domain applications. With the popularity of 5G, asset security has become a critical issue that cannot be ignored.

Healthcare and technologies join hands to pave the way for the rise of precision healthcare. As the ageing society is creating a growing demand for medical services and management of chronic diseases, precision healthcare has become an irreversible trend worldwide. A number of leading medical institutions are utilising advanced technologies to enhance their smart healthcare and smart hospital services.

Taipei Veterans General Hospital President said that he intends to make smart healthcare the centrepiece of the next stage of development at the hospital, with the goal of reaching a peak utilisation of cutting-edge technologies that combine precision healthcare and big data.

Science and technology help improve military power by speeding up the transformation of the defence industry. When it comes to defence and strategy, Taiwan has accumulated substantial experience as a result of having developed the FORMOSAT-5 satellite and the FORMOSAT-7 satellite constellation, in combination with its existing complete supply chains and manufacturing capabilities in the semiconductor, information communication electronics and precision machinery sectors

These technologies assure Taiwan an ongoing capability to develop and manufacture satellites, as well as serving as an important R&D and manufacturing base for global satellite components, ground communications, ground terminals and other equipment.

Taiwan has long held an edge in display technology, and the sector is an economic powerhouse. To take full advantage of the nearly limitless opportunity presented by internet-connected devices and application services, and position display technologies and related applications as the engine for Taiwan’s next wave of economic growth, the government has released an action plan for display technologies and applications covering the years 2020 to 2024.

This strategy will move the sector beyond mere displays toward the 2030 vision of a smart-tech lifestyle incorporating emerging display technologies and applications, thereby keeping Taiwan’s advanced tech industry at the global forefront.

Three are three essential Taiwan tech strategies:

  • Encourage demonstration applications and field testing: Drive domestic demand by building demonstration sites for exemplary solutions incorporating domestic products. Build Taiwan into the world’s top supplier of display technology products and solutions by 2030.
  • Develop new capabilities for smart technology: Develop emerging technologies like intelligent sensors, online-offline convergence, and cybersecurity, as well as advance new technology through multidisciplinary cooperation. Elevate Taiwan’s international competitiveness and position on the value chain by producing a range of specialised and differentiated products by 2030.
  • Build an environment for industrial development: Construct communications mechanisms and experimentation platforms for smart retail, smart transport, smart health care and smart entertainment. Nurture new talent capable of synthesising multidisciplinary research to create future-oriented display technologies and innovative applications, and promote cooperation with international counterparts.

Taiwan researchers have been inventing novel advanced technologies, including a bendable water-enabled portable power bank — a device that generates power from a few drops of water. As reported by OpenGov Asia, a team from the National Taiwan University of Science and Technology said that the gadget utilises membrane technology to generate electricity from water.

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