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Premier Cho unveils NT$10.5B boost for SMEs’ digital shift

Reporter TVBS News Staff
Release time:2024/08/21 13:07
Last update time:2024/08/21 13:20
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Premier Cho unveils NT$10.5B boost for SMEs’ digital shift (TVBS News) Premier Cho unveils NT$10.5B boost for SMEs’ digital shift
Premier Cho unveils NT$10.5B boost for SMEs' digital shift (TVBS News)

TAIPEI (TVBS News) — Premier Cho Jung-tai (卓榮泰) announced a NT$10.5 billion budget to aid Taiwan's small and midsize enterprises (SMEs) in digital transformation during the opening ceremony of "Intelligent Asia 2024" at the Nangang Exhibition Center (南港展覽館) on Wednesday (Aug. 21).

Cho emphasized the robotics industry's strategic importance to national security, pledging full support to traditional industries and SMEs to strengthen the supply chain and boost Taiwan's economic power.

 

The Ministry of Economic Affairs (MOEA, 經濟部) recently reported that July's export orders reached $50 billion, the third highest for the month historically, driven by strong AI demand and marking five consecutive months of growth.

Cho stated that the government would continue collaborating with industries and introduce the "Trillion-Dollar National Development Program" (兆元投資國家發展方案) and the "National Talent Competitiveness Enhancement Program" (國家人才競爭力躍升方案) to position Taiwan as the "Asset Management Center of Asia." (亞洲資產管理中心)

"Intelligent Asia 2024" features 1,200 global tech manufacturers across 4,500 booths, running from Aug. 21 to 24.
 

The exhibition will showcase factory equipment and robots with data analysis and self-learning capabilities, including the latest AI robots. It will also host international forums and talent-matching events, offering over 250 job opportunities.

Taiwan Business

#Taiwan SMEs# digital transformation# robotics industry# export orders# AI demand# Intelligent Asia 2024# AI robots# Taiwan economic power# national security technology Taiwan# Asia asset management center
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