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Taiwan Machine Tools | November 18, 2017

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Taiwan to invest US$2.29 billion in smart machinery

Taiwan to invest US$2.29 billion in smart machinery

Taiwan’s Vice Economic Minister Shen Jong-chin recently announced a US$2.29 billion plan to transform Taichung City into a smart machinery hub.

Shen defined the smart machinery industry as encompassing robotics, IoT, big data, smart technology, precision mechanics and smart manufacturing. According to the plan, a smart machinery park will be built in Taichung City and will have more than 30 hectares of available space to host 50 manufacturers.

As part of the plan, a memorandum of understanding for aerospace component development was signed between the Aerospace Industrial Development Corporation (AIDC), the National Chung-Shan Institute of Science and Technology, The Smart ∞ Machinery Promotion Office, Taichung City Government, and the Industrial Technology Research Institute.

Under the MOU, the AIDC will run pilot projects to test the resulting fruits of the cooperation before commercializing them. The aerospace collaboration between the companies is expected to attract international orders and generate substantial revenues.

A total of 28 universities from have also formed a smart machinery alliance to promote academia-industry collaboration and fulfill the growing demand for new talents.

Source: Taiwan News

 

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