Taiwan plans to generate more than T$15 trillion ($510 billion) in economic value by 2040 through a new initiative called the “Ten Major AI Infrastructure Projects,” which focuses on artificial intelligence development across key technologies and industries.
Premier Cho Jung-tai said in a Facebook post that Taiwan will use its information and communications technology sector and semiconductor manufacturing strength to become a global leader in AI and a “smart technology island.” The plan includes investment in silicon photonics, quantum technology, and AI robotics as core priorities.
Silicon photonics, a focus of Taiwan Semiconductor Manufacturing Co (TSMC) and others, will be developed to support future AI needs. Taiwan also aims to build a full quantum technology supply chain and become a center for AI robotics by using its strong hardware and ICT networks.
A new industry alliance led by Foxconn Chairman Young Liu was launched on Tuesday to support AI robotics development. Taiwan also wants to grow its sovereign AI capabilities, which include building and controlling local AI technologies.
The government plans to expand AI across various industries, increase investment in innovation, and improve regional AI development. More than T$100 billion ($3.08 billion) in venture capital is expected to support these goals.
The initiative also aims to create 500,000 jobs and set up three international-level AI research labs.
