Taiwan boosts investment in space tech
President Tsai Ing-wen has announced NT$40 billion in additional funding for the island's space development programme.
The funding announcement comes as the five-day International Assembly of Space Science, Technology, and Industry kicks off in Taipei this week.
The NT$40 billion is aimed at supporting the development of low-earth orbit communication satellites, as well as national launch sites for satellites. Tsai has said the launch of the domestically-produced "Triton" weather satellite earlier this month proves that Taiwan has the ability to enter the global space industry.
The International Assembly of Space Science, Technology, and Industry is hosted by the Taiwan Space Agency. It brings together both public and private sector experts from around the world including India, Japan, and the United States.
President Tsai emphasized Taiwan's readiness to engage in global space industry developments, inviting international experts and industry players to collaborate in creating a robust space industry chain in Taiwan.