Taiwan plans AI projects to boost economy by $510 billion
Premier Cho Jung-tai said in a Facebook post late on Tuesday that Taiwan aims to leverage its information and communications technology (ICT) sector and world-leading semiconductor manufacturing capabilities to become a global AI influencer and a "smart technology island."
Under the initiative, Taiwan has identified three core technologies as strategic priorities: silicon photonics, quantum technology and AI robotics.
Silicon photonics is a technology that Taiwan's TSMC, the world's largest contract chipmaker, and many other firms in the industry are actively developing.
The government aims to position Taiwan as a global leader in silicon photonics by aligning the sector with future AI development needs.
Taiwan also hopes to become a key hub for AI robotics by tapping its hardware and ICT supply chains.
Industry groups, including one led by Foxconn Chairman Young Liu, have backed the move with the formation of the Taiwan AI Robotics Industry Grand Alliance on Tuesday to support the local development of AI robotics and related ecosystems.
Taiwan also plans to establish a quantum technology industry chain.
The 10 projects also include the development of sovereign AI - ability to build and control domestic AI technologies - and computing infrastructure, efforts to balance AI development across different regions of the island, and the introduction of AI across a wide range of industries.
The government also calls for expanding investment in AI innovation, with more than T$100 billion ($3.08 billion) in venture capital funding, as it seeks to become a global hub for AI talent and investment.
The initiative targets the creation of 500,000 jobs and the establishment of three international-level research laboratories.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
10 minutes ago
- Yahoo
Asian stocks steady as investors brace for tariff deadline and Fed
By Gregor Stuart Hunter SINGAPORE (Reuters) -Asian stocks rose modestly on Wednesday, with investors cautious after trade talks between the U.S. and China ended without any substantive agreement and ahead of the Federal Reserve's policy announcement. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3%, led by gains for Taiwanese stocks, after U.S. stocks ended the previous session with mild losses as traders braced for a slew of corporate earnings. Australian shares were up 0.7%, while Japan's Nikkei stock index slid 0.03%, and Hong Kong's Hang Seng Index skidded 0.4%. The euro edged up from a one-month low, rising 0.2% to $1.1564, as markets weighed the EU's trade deal with the Trump administration. Traders are preparing for several central bank decisions, key economic reports and corporate earnings during the next few days, culminating in U.S. President Donald Trump's August 1 tariff deadline. The Federal Reserve is expected to leave interest rates unchanged at its policy meeting later on Wednesday, though it could see a rare dissent by some central bank officials in favour of lower borrowing costs. "With labour market conditions near full employment, most Fed officials want to wait and see how tariffs impact inflation," said Tom Kenny, senior international economist at ANZ in Sydney. Some officials are concerned that tariffs could drive higher inflation expectations, leading to more persistent price pressures rather than a one-off hit, he said on a podcast. "Our expectation is that the Fed should be in a position to cut rates at the September meeting." U.S. Treasury bonds advanced ahead of the Fed's meeting, pushing yields to the lowest in almost four weeks following a strong auction of seven-year notes that quelled concerns about diminishing demand for government debt. [US/] The yield on benchmark 10-year Treasury notes was last 4.328%, the lowest level since July 3. The two-year yield, which rises with traders' expectations of higher Fed fund rates, was little changed at 3.873%. TARIFFS, CORPORATE EARNINGS The Bank of Japan is expected to hold steady on Thursday and the focus will be on its comments to gauge when the next rate increase will come after a trade deal between Japan and the U.S. cleared the way for the BOJ to resume its rate-hike path. Ahead of Trump's deadline to reach a deal to avert imposition of the "Liberation Day" tariffs, some countries' talks with the U.S. looked set to go down to the wire. U.S. and Chinese officials agreed to seek an extension of their 90-day tariff truce on Tuesday, though no major breakthroughs were announced. U.S. officials said it was up to President Trump to decide whether to extend a trade truce that expires on August 12 or potentially let tariffs shoot back up to triple-digit figures. India is also bracing for higher U.S. tariffs — likely between 20% and 25% — on some exports as it holds off on fresh trade concessions ahead of the August 1 deadline, two Indian government sources said. Meanwhile, three South Korean cabinet-level officials met with U.S. Commerce Secretary Howard Lutnick in a last-ditch push for a deal. Oil prices rose as potential supply shortages came into focus after Trump gave Moscow an abbreviated deadline toward ending the war in Ukraine. Brent crude futures rose 14 cents, or 0.19%, to $72.65 a barrel. U.S. tech megacaps Microsoft and Meta are due to report earnings on Wednesday that will set the tone for the rest of the week and the earnings season. "It's been a solid U.S. reporting season so far, but these megacap names need to run it hot and blow the lights out, given the bar to please has been sufficiently raised," said Chris Weston, head of research at Pepperstone. The Singapore dollar strengthened 0.2% after Singapore's central bank kept its monetary policy settings unchanged on Wednesday following stronger-than-expected economic growth in the second quarter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
40 minutes ago
- Yahoo
Hydroleap Secures USD 4.75 million in Latest Funding Round to Accelerate Sustainable Water Technologies in APAC
SINGAPORE, July 30, 2025 /PRNewswire/ -- Hydroleap, a pioneering company in sustainable water treatment technologies, has successfully raised an additional USD 4.75 million in its latest funding round from strategic investors including EDBI, which operates under SG Growth Capital – the investment platform of the Singapore Economic Development Board (EDB) and Enterprise Singapore, Antares Ventures and Woh Hup, bringing its total funding to nearly USD 12 million till date. This helps extend Hydroleap's solutions to more hyperscale data centres in the Asia-Pacific region and build teams in key markets. This also supports the company's continued development and deployment of advanced water treatment solutions for surging industries, including pharmaceutical, semiconductor and agrifood, where sustainable water management technologies are critical for operational efficiency and environmental impact. This investment rallies strategic partners who recognise the economic and environmental potential of Hydroleap's technologies. EDBI, Antares Ventures and Woh Hup back Hydroleap's electrochemical solutions that enable industrial customers to become chemical-free, recycle their wastewater and reduce their energy consumption by 10%. "This funding round, particularly with the backing of strategic and institutional investors, underscores strong confidence in Hydroleap's technologies," said Dr. Mohammad Sherafatmand, Founder and CEO of Hydroleap. "Critical infrastructure such as data centres, semiconductor and pharmaceutical facilities urgently require smarter, more sustainable water and energy management. This is where Hydroleap delivers solutions that drive both financial efficiency and environmental impact." "Hydroleap delivers what industries across Asia Growth Markets increasingly need: efficient, scalable water treatment that's both commercially viable and sustainable," said Michael Gryseels, Founder and Managing Partner of Antares Ventures. "As demand grows across sectors like AI, semiconductors, and sustainable agrifood systems, their solution helps cities and infrastructures reduce resource use without compromising performance. AI isn't just about chips and software. It drives up needs for efficient energy and water-cooling management, and Hydroleap tackles that challenge head-on. Through our deep connectivity in the region, Hydroleap has been able to access critical industries in Asia and turn innovation into real-world results. We're proud to continue standing with them as long-term partners, alongside leading institutional investors committed to Asia's sustainable future." "Investing in companies that drive sustainability is not only beneficial for the environment and financially compelling but also aligns with Woh Hup's commitment to pioneering innovative solutions in the built environment sector where our business primarily operates." said Austyn Yong, Director of Woh Hup. "Hydroleap has delivered promising results in enhancing energy and water efficiency across a range of asset types — particularly data centres — and we are proud to support them as they continue to expand across Asia." About Hydroleap Hydroleap, a Singapore-headquartered company, pioneers sustainable water and wastewater treatment through its proprietary electrochemical technologies. By redefining how industries manage water, energy, and chemical consumption, Hydroleap delivers innovative, scalable, and cost-efficient solutions that enhance operational performance while supporting environmental sustainability. Visit our website here. For more information, please contact:Zachary LohHydroleap Pte +65 8282 7242 View original content to download multimedia: SOURCE Hydroleap Pte Ltd Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Cosmos Point: Hardcore Tactical Squad Combat Set in a Deadly Space Graveyard
Cosmos Point: Hardcore Tactical Squad Combat Set in a Deadly Space Graveyard originally appeared on GameDaily. Anatoliy Sidorov, an independent developer, is preparing to launch Cosmos Point, a striking fusion of turn‑based tactics and extraction-shooter looting mechanics, expected to arrive on Steam in 2025. The core gameplay loop puts you in command of a well‑armed squad dropped onto abandoned space stations littered with wrecked ships, looters, and hostile AI drones. Missions demand precision and luck: you'll need to manage scarce ammunition, grenades, backpacks, and tools while sticking to tight inventory limits. Every round out of your limited backpack space matters—if a fighter dies, their gear stays behind. This isn't your typical grid‑based turn‑tactic: you can switch equipment mid‑mission, scavenge on the fly, and customize weapons to suit your strategy. Each successful extraction brings resources back to your space station base, enabling upgrades like expanded storage, crafting stations, and unlockable mission lanes. The game promises maturity—not only in its mechanics but in its tone. Combat is lethal and bloody, backpack inventories are tight, and every decision feels consequential. Yet even within these gritty loops, the visuals retain a stylized edge—clean character portraits, stark modular UI, and detailed weapon handling that earned early players' praise for mechanical polish. Cosmos Point blends the calculated strategy of XCOM with the high-risk scavenging of Escape from Tarkov, all within a sci-fi space-station setting. Its emphasis on extraction, loot‑driven progression, and persistent base upgrades gives each mission meaningful weight. The game's attention to gear, tactical nuance, and tentatively promised full Linux/macOS support makes it an early standout in the indie tactics space—especially for players hungry for realism-meets-turn-based grit. This story was originally reported by GameDaily on Jul 29, 2025, where it first appeared.
