Taiwan is world-renowned for its technology development, manufacturing, and operation ability. The semi-conductor market share reached 26% in 2021; the productivity of the wafer foundry is the top of the world, accounting for 80% market share. IC package productivity is also number 1 in the world, accounting for about 70% market share. Therefore, Taiwan’s technology industry strength is in a leading position globally. Over 70% of overseas investment is concentrated in Taipei City, with nearly 70% of foreign companies based here. 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. With positive reviews, the overall industry has developed towards R&D innovation with high-added value.
Advantage of Biotech Industry
There are 584 registered biotech companies in Taipei City generating gross revenue of NT$275.6 billion.The biotech industry in Taipei generates more than 50% of total nationwide revenue for the industry, giving it a leading position in the industry nationwide. Taipei City has a high concentration of scientific research talent and the most intensive research institutions and medical centers, including more than a dozen large research institutions such as Academia Sinica, National Experimental Research Institute, Biotechnology Development Center, and National Institutes of Health, 8 medical centers, 25 innovative incubation centers, 20 universities and vocational colleges in the city have biotech departments. Under the collaboration between Taipei city and Academia Sinica, Academia Sinica is aimed for basic research, while National Biotechnology Research Park emphasized on new drug development, and Taipei Biotech Industrial Cluster with clinical trials, which geographically combined with Nangang Software Park. Furthermore, with Taiwan high-speed rail (THSR) and transportation in Nangang, it is relatively easy to connect the Hsinchu Biomedicine Park, which hope to promote and accelerate the development of Nangang's biotechnology industry.
Advantage of ICT Industry
There are 11,946 registered ICT companies in Taipei City generating production revenue of US$183.4 billion (NT$ 5.5 trillion). Over 200 thousand are employed in ICT sectors. Nangang Software Park and Neihu Technology Park have gathered up to 190,000 technology elites, attracted investment from internationally renowned companies, and housed one-third of all corporate headquarters and R&D centers in Taipei City. Taipei City actively begins promotion of the Neihu Technology Park 2.0 that will utilize current city government real estate to attract emerging industries such as cloud, IoT, self-driving vehicles, green energy and so on. Promotion of the Beitou Shilin Technology Park project and promotion of the Ecological Shezidao project will play key roles as based for the ICT, and biotech/healthcare industries.
Advantage of Cultural Innovative Industry
Taipei City has abundant artistic and cultural resources. “Huashan 1914 Creative Park”, “Songshan Cultural and Creative Park”, “Taipei Music Center” are the 3 creative park in Taipei City. There are 8 cultural and creative blocks in total. Taipei City has 21 museums and 20 dedicated venues for art and cultural exhibition, giving it a leading position nationwide and create an endless stream of folk creativity.