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Cabinet approves NT$300 billion chips plan
The cabinet has approved a chip plan that will see the government inject NT$300 billion over 10 years to boost industrial innovation.
The "Chip-Driven Industrial Innovation Plan" was drafted by the National Science and Technology Council in collaboration with several other ministries.
Cabinet spokesman Lin Zi-lun says the plan seeks to combine generative artificial intelligence systems with Taiwan's world-leading semiconductor development.
The project will have a budget of NT$12 billion in 2024, with the total amount being NT$300 billion from next year through 2033. The government says approximately NT$8 billion of next year's budget will be used to cultivate and attract talent while NT$4 billion will be spent on developing generative AI and chips.
