Key Industries

Taiwan is world-famous for the R&D achievements of its technology industries as well as its manufacturing and logistics capabilities. Several products manufactured here are global market leaders; Taiwan’s semi-conductors, opto-electronics, and information and communications products have a global market share of over 70%. Taiwan's chip foundries have the largest share of global output at 67.4%. IC design output is number two in the world, with a 21.5% global market share. PC production ranks third in the world. This means that Taiwan’s technology industry holds a key position in the world. 50% of overseas investment is concentrated in Taipei City, with nearly 70% of foreign companies based here. The largest number of R&D centers and operational headquarters are also found in Taipei. In addition, newly-emerging industries such as the biotechnology; service; cultural and creative; and meetings, incentives, conferences, and exhibitions (MICE) industries have developed rapidly in recent years, receiving a lot of attention and positive recognition in international markets.

Overseas Investment
Taipei City Taiwan %
Total Overseas Investment (US$100 Million) 25.22 47.98 52.56
Newly Established Foreign Companies 448 704 63.64
Number of Registered Overseas Companies 3,560 5,126 69.45
R&D Centers 53 234 22.65
Operational Headquarters 90 349 25.79
(Investment Commission, MOEA & Taipei City office of Commerce, 2015)

ICT Industry

At the end of 2015, Taipei City had 9,494 ICT companies and more than 5,000 related cloud services and tech support companies. Among these, top corporations such as Microsoft, IBM, HP, Yahoo, Google, and Cisco have invested funds and set up offices, making Taipei the first choice for domestic and overseas investment in the ICT industry. Situated on the edge of the city, the Neihu Technology Park and Nangang Software Park possess excellent geographical locations with a convenient transportation network, comprehensive living facilities, and government policy support. The two parks house one-third of all corporate headquarters and R&D centers in Taipei City.


Development Advantages

Currently, there are two major industrial parks located in Taipei, which hold leading positions nationwide in terms of both output and total workforce, as well as an important position in global tech supply chains.
Key development aspects:
Neihu Technology Park: Technology, ICT, biotechnology, logistics
Nangang Software Park: Smart industry, biotechnology, IC, digital media

Future Planning

Taipei City will shortly begin promotion of the Neihu Technology Park 2.0 project that will utilize current city government real estate to attract newly emerging industries such as cloud computing, IoT, self-driving vehicles, and green energy. Promotion of the Shilin/Beitou Technology Park project will begin in 2019, and promotion of the Ecological Shezidao project will start in 2025. These will play key roles as bases for the ICT and biotech/healthcare industries.

Biotech Industry

Taipei is the national hub for biotechnology and medical research. Academia Sinica and eight major medical centers are located in Taipei, while more than 20 universities and vocational colleges in the city have biotech departments. This means Taipei City has a high concentration of scientific research talent, attracting hundreds of biotech companies to set up shop in Taipei, including from sectors such as pharmaceutical manufacturing, healthcare and functional foods. The biotech industry in Taipei generates more than 50% of total nationwide revenue for the industry, with 28% of the workforce, giving it a leading position in the industry nationwide.


Development Advantages
  • A high concentration of venture capital and financial headquarters:Due to the special characteristics of the biotech industry, it needs continuous capital investment. Taipei City is the financial center of Taiwan, with 90% of the country’s venture capital organizations and 85% of its investment bank head offices.
  • Complete start-up incubation eco-system:The advantages of being near an urban area include entrepreneurial investment, R&D companies, start-up incubation and talent development organizations, industry supply chain systems, and a fully-provisioned clinical trials market. Together these form a comprehensive ecosystem.
  • Mature clinical healthcare market: There are 10 medical centers are located in Taipei, forming a comprehensive healthcare system. Together with Taiwan's world-famous National Health Insurance program, this drives the development of the biotech/healthcare market.
Future Planning

In the future, the city will move forward with the Nangang Biotech cluster plan. Located near the Nangang MRT Station, it will serve as a bridge between research results from Academia Sinica and the National Biotechnology Research Park. The plan will satisfy the research and manufacturing needs of clinical medical trials, and link up with the services of the Ministry of Health and Welfare’s Food and Drug Administration and Center for Drug Evaluation. Taipei is also planning the Nangang Conference Center, Zhongxiao Campus, and Nangang Airport as bases to attract biotech companies and create a comprehensive biotech cluster.

Related Links:Biotech Taipei Nangang Biotech Incubation Center

Meetings, Incentives, Conferences, and Exhibitions (MICE) Industry

According to the International Congress and Convention Association's 2014 report, Taiwan ranks fourth in Asia for number of international conferences and 28th worldwide. In that same year, Taipei City hosted 92 international conferences, making it Asia's fifth largest conference destination. In terms of the conference and exhibitions industry, Taipei has abundant resources, such as its main three venues: the Taipei World Trade Center, the Taipei Nangang Exhibition Center, and the Taipei Expo Park's Expo Hall. Since 2011, the Taipei City Government has been continuously promoting the Taipei Expo Park as well as the MICE industry. It has established the Taipei Expo Foundation to help the city obtain the hosting rights for major conferences, exhibitions, and sports tournaments, and to increase international exchanges and industry development.


Development Advantages
  • Advantageous location: Taipei City is located in the center of the Asia-Pacific region and has convenient transport connections, which is advantageous for the hosting of international exhibitions. It possesses a flourishing conference and exhibitions industry with a high concentration of conference and exhibition service companies, catering/travel service providers, and conference and exhibition centers, comprising a complete industry network.
  • International hosting experience: Taipei City has hosted a number of major international exhibitions, including Computex, SmartCity, and TIMOS, and was authorized by the International Association of Horticultural Producers to host the 2010 Flora Expo, an A2/B1-level international horticultural exposition.
  • Application of exhibition and convention technology: Taipei possesses world-class technology and pioneered the use of UWB in Human Computer Interaction technology; world-first micro ultrahigh frequency RFID technology; and ultra-thin, soft paper speakers (FleXpeaker™) developed by ITRI.
Future Development

Taipei City will continue to develop related conference and exhibition facilities in line with the central government’s plan for a "National Conference and Exhibition Center." The city will also promote the Nangang Conference Center in order to attract more international conferences to take place in Taiwan, as well as expand the conference and exhibition facilities in the vicinity of the Taipei Expo Park to promote the vigorous development of international events so that Taipei can stand out as an international expo destination.
Related Links: Taipei Expo Park, Taipei WTC, Taipei Nangang Exhibition Center

Finance Industry

In the Asian Development Bank’s 2014 Knowledge Economy Index, Taiwan was ranked number one in Asia, with an index score double that of the Asian average and higher than the average value for OECD countries. Taiwan has a complete financial system, and Taipei is its financial center. The city hosts the head offices of 80% of local financial institutions and 90% of venture capital companies, which employ more than 160,000 people.


Development Advantages
  • Taipei possesses the greatest number of financial institutions (41.6%) in Taiwan, as well as a large workforce (11.5%), which is beneficial for financial business development.
  • Taipei is close to major Asia-Pacific markets such as Japan, South Korea, and Southeast Asia.
  • Many tax concessions such as a financial sector sales tax of just 2% and tax incentives outlined within related laws and regulations are available.
  • China-Taiwan trade agreements allow banks to open to OBUs and allows overseas bank to handle RMB currency business.
Future Development

In comparison with other large Asian cities, Taipei City has a leading advantage in key financial technologies and speed of development of new products. In overall technological benchmarks, it is on a par with Seoul and second only to Tokyo.

Wholesale/Retail

Taipei City has a host of commercial districts with a range of operational formats covering general merchandise, gourmet foods, and specific industries. There are 8 general merchandise commercial districts, 27 gourmet food districts, and 24 districts dedicated to specific industries. The Xinyi district, the area in front of Taipei Railway Station, and Ximending are important shopping districts that attract many international tourists to visit Taipei.