Taiwan to spend NT$300bn on chips, AI

NEXT REVOLUTION: The plan would ensure that Taiwan controls key technologies to design advanced chips, the National Science and Technology Council said yesterday.

The Executive Yuan yesterday approved a plan to spend NT$300 billion (US$9.27 billion) in the next 10 years to fund innovations that would combine the use of generative artificial intelligence (AI) systems and chips.

The “Chip-driven Taiwan Industrial Innovation Plan” was briefed to Cabinet members by the National Science and Technology Council and approved at the weekly Cabinet meeting.