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Taiwan's Ministry of Economic Affairs' (MoEA) Industrial Development Administration has identified semiconductors, AI healthcare, machine tools, electric vehicles (EVs), bicycles, and textiles as key industries for Taiwan to focus on. These industries play a crucial role in Taiwan's economy and global competitiveness.
Taiwan leads the world in semiconductor manufacturing processes and 3D packaging, with a significant output value in the semiconductor industry. The country's biomedical industry is also thriving, with various sub-industries contributing to a total revenue of $23.3 billion in 2023. Taiwan's machinery tool and equipment industry, although export-oriented, faces challenges due to global economic conditions.
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