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2018-07-02
From June 27-29, the Minister of Economic Affairs Shen Jong-Chin led a delegation of Taiwanese industry leaders to visit Silicon Valley in California and Seattle, Washington, who had the opportunity to take an in-depth tour of tech giants such as Nvidia, Tesla, Facebook, Google, Microsoft, and Amazon. Furthermore, they exchanged ideas with senior members of those companies regarding Taiwanese-American cooperation on rising industries like AI, big data, cloud computing, smart electric vehicles and IoT, as well as bilateral investment and human resource training, all in order to create business opportunity platforms for Taiwanese manufacturers and building mutually beneficial opportunities between Taiwan and the US.
After attending Asia-Pacific Economic Cooperation (APEC) high level dialogues, Minister Shen flew from Washington to the west coast for the purpose of visiting high tech corporations. The delegation included Industrial Development Bureau Director General Jang-Hwa Leu, Department of Investment Services Deputy Director General Chen Hsiu-Chuan, Taipei Economic and Cultural Office in San Francisco Director General Joseph C.L. Ma, and Taipei Economic and Cultural Office in Seattle Director General Vincent Chin Hsiang Yao. The delegation was warmly welcomed by senior members of the aforementioned companies, and they engaged in honest, constructive, and in-depth discussions regarding the future development of up-and-coming industries, as well as opportunities for cooperation. The “Silicon Valley and Taiwan Business Forum” platform (which includes the Taiwanese American Chamber of Commerce and Junior Chamber - Northern California, the North America Taiwanese Engineering & Science Association - Silicon Valley, Monte Jade West Science and Technology Association, and 12 other Taiwanese business organizations), based in the Bay Area of San Francisco, and members of the high-tech industry also shared their thoughts with Minister Shen through a luncheon. Through examples like Taiwanese bicycles, electric scooters, and power systems for electric cars, Minister Shen illustrated instances of industry upgrade and transformation in Taiwan, and talked in length about how to deepen industrial connections between Taiwan and Silicon Valley, aid Taiwanese industries to quickly transform and upgrade, and take hold of the rising trend of smart industries. Likewise, Minister Shen explained how the government is promoting energy transformation while ensuring stability of energy sources to maintain a high quality environment for investment.
While taking questions from the media at Silicon Valley, Minister Shen stated that Taiwan’s 5+2 Industrial Innovation Plan will start from the three main directions of “connecting the future, connecting the world, and connecting local industries”, focusing especially on aspects pertaining to the future competitivity of the industry and major business opportunities such as smart technology, IoT, Big Data, cloud computing, electric cars, advanced manufacturing, and green energy. The purpose of this visit to the American west coast is to strengthen ties between important American high-tech companies and Taiwanese industries, and to explore areas for cooperation in the future.
For his first stop at Silicon Valley, Minister Shen visited the famous corporation Nvidia, which focuses on the design and sales of AI and graphic processors. Founder and CEO Jensen Huang personally introduced the company's recent research and development results and the company's current operations. In 2018, market intelligence and advisory firm Compass Intelligence revealed which are the world’s top 15 companies manufacturing AI smart chips, the top three being Nvidia, Intel, and NXP. Minister Shen remarked that Taiwan is committed to becoming a key player in the global AI field, and Nvidia is a world class leader of AI firms. He entreated Nvidia to collaborate with Taiwanese industry and academia, set up an AI R&D center in Taiwan, and hire Taiwanese talent to develop forward-thinking AI technology, including self-driving cars, IoT, and robotics.
During the visit of Minister Shen and the delegation to the US’s largest electric car manufacturer and solar energy company Tesla, he stated that the company has already collaborated with dozens of Taiwanese parts suppliers, and that the high quality parts manufactured in Taiwan can support Tesla’s rapid development. He looks forward to Tesla expanding its collaboration with Taiwanese auto parts and automobile electronics firms. He also suggested that Tesla invest in setting up a factory or R&D center in Taiwan.
While in the Bay Area of San Francisco, Minister Shen also visited Facebook and Google, exchanging in-depth ideas on how VR and data center investment planning can further cooperation with Taiwanese sensory technology and hardware firms while expanding investments. Next, the delegation headed to Seattle in order to visit Microsoft, which has maintained a long-term collaboration with Taiwanese industries, government, and academia, as well as Amazon, the world’s largest international e-commerce business platform. He exchanged substantial ideas with senior members of the companies regarding industrial collaboration in AI, industrial IoT, IoT verification, machine learning, cloud computing, Big Data, and performing AI talent training, as well as how the Taiwanese government may provide assistance.
For over half a century, Taiwan and the US have shared close collaborations, co-dependency, and mutual benefits, a rare shining example in the history of contemporary industry development. Minister Shen stated that with the most intensive industry clusters in the world, and the most comprehensive semi-conductor, ICT, and machinery industry supply chain, Taiwan is a favored partner for international corporations. US companies all expressed high levels of interest and approval towards strengthening collaborations with Taiwan. We trust that with follow-up communications and arrangements, they will certainly help Taiwan in the development of emerging industries.
Spokesperson: Industrial Development Bureau Deputy Director General Yu Chen-wei
Telephone: 02-27541255 Ext. 2903, 0939-695369
Email: cwyu@moeaidb.gov.tw
Contact Person: Lu Wen-Tsan, Deputy Director General of Metals and Industry Division of the Industrial Development Bureau
Telephone: 02-27541255 Ext 2141, 0936-456512
Email: wtlu@moeaidb.gov.tw
Source: Industrial Development Bureau, MOEA
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