In order to promote the innovation and development of the semiconductor industry, the Taiwan regional government has launched a major plan called "Jingchuang China Taiwan Plan", with a budget of up to NT$12 billion in the first year, of which the Ministry of Economic Affairs has allocated NT$2 billion to subsidize the industry's research and development work. The core goal of this initiative is to promote the development of various industries in Taiwan through chip technology combined with key technologies such as generative artificial intelligence (AI), and has set an ambitious goal: to increase the global market share of Taiwan's IC design from about 20% to 40% in the next 10 years, and increase the global market share of advanced manufacturing processes to 80%.
In order to expand the talent pool, Taiwan's first overseas chip innovation base has been put into operation in the Czech Republic, and a customized international talent recruitment model has been implemented, with 13 semiconductor companies and 8 universities including National Taiwan University, Chenggong and Tsinghua University going to Viet Nam, Malaysia, Indonesia and other places to recruit talents.
In order to realize this grand plan, the Taiwan regional government has taken a series of measures, including expanding the enrollment quota of the semiconductor college, upgrading the equipment and implementation environment of the college, and establishing the "Taiwan CBI Academy" overseas. These overseas bases will attract international students to become interested in the semiconductor field and encourage them to come to Taiwan for a higher level of education and practical training. In addition, the government also plans to set up a "Jingchuang Distinguished Expert Group" to attract global IC design talents to work in Taiwan through industry-university-research cooperation and overseas recruitment, and strengthen the introduction of international talents.
Figure: Taiwan spends $9.3 billion to promote semiconductor development
The Taiwan government also proposed the "IC Design Top-Attack Subsidy Program" and the "Subsidy Program for Driving the Advanced Development of Domestic IC Design Industries", providing subsidies of up to NT$1.2 billion and NT$800 million to promote Taiwan's IC design manufacturers to invest in chip and system research and development. These subsidy programs cover the development of innovative advanced chips, the adoption of advanced heterogeneous integrated packaging technology, and heterogeneous integrated microelectromechanical sensing technology.
In terms of semiconductor industry policy, the Taiwan regional government has also sorted out and analyzed to ensure the continuous support of the policy and promote the development of the domestic semiconductor industry. Policy support includes fiscal and tax incentives, major special support, financing support, etc., to accelerate the development of the industry.
In addition, the Taiwan regional government also pays attention to the cultivation of talents in the semiconductor industry, and plans to invest more than 150 million yuan in three years to build an integrated circuit industry research institute with provincial new research and development, industrial landing, and industry professional education institutions as the creation standards. These research institutes will gather high-end talents from key universities and leading enterprises, focus on RISC V domestic independent chip research and development, industrial landing, industry talent training, etc., and promote the in-depth development of industry-university-research cooperation. In addition, the government has also made attracting more women to the semiconductor industry an important priority for the future.
Through these measures, the Taiwan regional government has demonstrated its strong commitment to the future development of the semiconductor industry, aiming to build Taiwan into an innovation center for the global semiconductor industry through talent cultivation, R&D support, and international cooperation.
