Taipei, May 16, 2012 (CENS)--To help Taiwan's semiconductor industry with industrial optimization and upgrading for a more sustainable growth, Taiwan's Cabinet has asked Ministry of Economic Affairs to step up nourishing and coordinating development of the so-called smart electronic industry on the island, aiming to make this industry generate annual output of NT$2 trillion in the next four years.
Since its inception, Taiwan's semiconductor industry has been mainly engaged in IC (integrated circuit) fabrication and package to achieve high production value, but its development has almost reached ceiling nowadays because the global market is full of players.
To further maximize effects of the industry's high production value, the MOEA has decided to help the industry expand its business scopes to MG+4C, which refers to six major applications, namely medical, green, car electronics, computer, communication and consumer products.
MOEA officials indicated that the smart electronic industry will be focused on development and production of the said six major applications, all of which call for combination of more innovative IC design, more efficient fabrication and better system integration, so that synergy among local semiconductor manufacturers and related suppliers will be needed.
By dedicating coordinated efforts from enterprises, academia and the government to development of innovative IC applications, the MOEA believes that the semiconductor industry can be well transformed and upgraded to smart electronics to further fuel its added value, and the new industry is expected to achieve output value of over NT$2 trillion in 2015.
Additionally, the MOEA also regards development of smart handheld devices and smart life instruments as part of its industrial optimization and upgrading plan, aiming to push up the two sectors' output value to NT$1.55 trillion and NT$1.01 trillion, respectively, in 2015.
(by Steve Chuang)