Recently appointed Minister of Science and Technology Wu Tsung-tsong has high hopes for Taiwan’s technology industry. On July 15, Minister Wu spoke at an AmCham Taipei luncheon, titled “台灣2030 – 邁向智慧國家 Taiwan 2030 – Striding Toward a More Innovative Country” at the W Hotel, where he outlined his vision of the future for the island’s tech sector, developing Taiwan into a “sustainable human-centric smart nation.” He emphasized that improvements to the tech sector should also improve Taiwan as a whole.
The COVID-19 pandemic has caused unprecedented disruption and affected planning for the future in countries around the world. Nevertheless, Minister Wu is focusing on what Taiwan will be able to accomplish with technology. His presentation at the luncheon covered four main areas:
- Challenges and opportunities: An aging society, rapid digital transformation, and declining natural resources, among other trends will make a well-developed circular economy and inclusive society especially important in the coming years.
- Preparing Taiwan for the Digital Age: Furthering the government’s goals for industrial upgrading and structural reform as part of its 5+2 Innovative Industries initiative.
- Industrial innovation, digital transformation: From 5G to renewable energy, Taiwan is gradually becoming adept at balancing development with sustainability. The usage of drones for agricultural purposes and a growing reliance on AI technology has demonstrated Taiwan’s ability to build on its existing strengths.
- Building toward a “smart sustainable nation”: The 5+2 initiative and Minister Wu’s new plan to target six core areas for future development both seek to position Taiwan on the world stage as a key economic power. By focusing on advanced network foundations, precision health initiatives, and satellite communications, Taiwan will be able to reach its goals by 2030.
Minister Wu emphasized the importance of industry integration, both domestically and internationally. Collaboration at each level is critical to technological development; otherwise, industries are destined to fail. Nevertheless, he expressed optimism that Taiwan’s tech sector would continue to make great strides in the future.
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