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Taiwan Encourages Firms to Build Robotics and Drones Locally

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Taiwan's government is pushing forward a new initiative, "Chips Team Taiwan," to encourage domestic companies to increase production of satellites, drones, and robotics, according to Technology and Science Minister Wu Cheng-wen.
Taiwan is actively promoting the development of its domestic robotics and drone industries as part of a broader strategy to enhance its technological self-sufficiency and reduce reliance on foreign technology, particularly in light of geopolitical tensions with China. The Taiwanese government is offering incentives such as subsidies, tax breaks, and support for research and development to encourage local companies to innovate and produce these technologies within the country. This initiative not only aims to bolster Taiwan's defense capabilities but also to expand its commercial market in robotics and drones, which are seen as key sectors for future economic growth. The push includes fostering collaborations between academia, industry, and government to accelerate technological advancements and ensure that Taiwan remains competitive on the global stage.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/technology/tech-companies/taiwan-encourages-firms-to-build-robotics-and-drones-locally/ar-AA1waDMA ]