Taiwan is a well-known ICT manufacturing hub due to its large ICT industrial base, robust semiconductor manufacturing clusters, and advanced manufacturing skills. Because of these advantages, it has been able to rapidly grow a significant number of firms. Companies that provide cutting-edge ICT-related goods and services, particularly in the sectors of telecommunications equipment, computers, fiber optic cable, electronic components, and information and communications technology. Several Taiwanese enterprises provide original design manufacturing services to US ICT providers. Others have established strong supply networks that use American vendors as middlemen, allowing their businesses to expand beyond Taiwan into the United States and other countries.
The rising adoption of 5G has enabled Taiwanese businesses to digitize their operations and turn their focus to enhancing their technological capabilities and utilizing cloud services and big data.
To aid in the local digitalization of Taiwanese industries, a new Ministry of Digital Affairs (MODA) was founded in August 2022. It was founded with a focus on the integration of telecommunications, information, cybersecurity, the internet, and broadcasting. The new MODA laws will enhance local demand for cutting-edge telecommunications and cybersecurity, which will expand the market for businesses engaged in related industries.
Opportunities
Here are some opportunities.
Cybersecurity, software, and computer services
Protecting the data held in ICT products and devices has evolved into one of the top worries for customers. This is a result of the tough worldwide competition and the shift to teleworking as a result of the Covid-19 pandemic. Customers in Taiwan place high importance on the security of ICT goods and services.
The International Data Corporation (IDC) projects that cybersecurity-related spending will amount to US$894 million in 2022, in part because of Taiwan’s rising need for digital learning and mobile office equipment.
The Industrial Technology Research Institute (ITRI) reports that Taiwan holds the largest market share for important ICT products globally. Taiwan’s public and private businesses often buy software and sophisticated security systems from international vendors, with local system integrators handling after-sales support.
The most often purchased solutions include firewalls, web application firewalls (WAF), antivirus programs, and several endpoint defenses such as software and tools for password management.
This nation serves as a testing ground for hackers who carry out a sizable number of Advanced Persistent Threat (APT) attacks every day because of its geographic location. Additionally, cybercriminals are increasingly focusing on the private sector by taking advantage of vulnerabilities in 5G networks’ low latency and supply chains for smart manufacturing. As a result, cybersecurity has emerged as a crucial area of focus for keeping an industrial competitive advantage. In the defense, critical infrastructure, semiconductor, and telecommunications sectors, MODA will impose cybersecurity capabilities.
5G next-generation telecommunications
To create innovative cooperative solutions for 5G with Taiwan telecom hardware vendors, GM Taiwan is helping telecom software companies. The telecommunications industry is transitioning away from conventional network stacks and toward a flat design that will provide flexibility, scalability, automation, and intelligence at the network edge. Next-generation networks, including 5G, are evolving into virtualized, software-defined systems with cloud-based architectures. When paired with additional supporting technologies such as artificial intelligence, multi-access edge computing, and heterogeneous radio access technologies, the next generation of wireless connection offers significant potential for binational applications.
Hardware suppliers in Taiwan are interested in the idea of creating new collaborative telecoms applications since these solutions may potentially be exported to other nations. To encourage Taiwan’s telecom sectors to participate in the $1.2 trillion IIJA tender procedures, GM Taiwan is pushing the Infrastructure Investment and Jobs Act (IIJA) alongside the FCC and NTIA. To reach America’s more isolated rural communities, the measure also contains a $65 billion investment in broadband infrastructure expansion.
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