Taiwan's Vision of Tomorrow-tech
Taiwan’s technology industry has long become a global powerhouse after China. In 2025, the sector is projected to reach an output of $216.7 billion, up 22.2% from the previous year, compared to India, its nearest comparator, projected to generate $54 billion in 2025. A significant credit goes to Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker. The company’s revenues are expected to rise 30 percent this year. Going forward, Taiwan is expected to focus on IC design, packaging, and testing, as it embraces technologies like 2-nanometer chips.
According to a report by Meticulous Research, the global Digital Transformation Market size, which was worth $695.5 billion in 2023, is projected to achieve a market size of $3,144.9 billion by 2030, growing at a CAGR of 24.1 percent from 2024 to 2030. It’s not a coincidence that Taiwan’s exports are anticipated to surge 24 percent in 2025.
On the other hand, there is an increasing level of collaboration between Asian countries. For instance, a few months ago, the Deputy Minister for Taiwan’s National Development, Kao Shien- Quey, opined that the scope of collaboration between India and Taiwan in areas of emerging and critical technologies, including the manufacturing of semiconductors and electronics equipment, is huge. Subsequently, the Taiwanese companies are getting ready to build their plants in India with huge investments as a part of their China plus one strategy. With the recently granted approval for a $1 billion boost to the Apple India plant, Foxconn has invested more than $2.7 billion in India. This special issue of CEO Insights Asia is dedicated to business leaders in Taiwan. We welcome your thoughts on this initiative.