Asia Silicon Valley
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- Asia Silicon Valley
- Tsai Ing-wen
- New Southbound Policy
- Internet of Things
Smart City Expo's Asia Silicon Valley Pavilion Invites You to Create a Sustainable Future through Digital Innovation
TAIPEI, April 12, 2023 /PRNewswire/ -- The 2023 Smart City Summit & Expo (SCSE), Asia's largest smart city tradeshow, was held at Taipei Nangang Exhibition Center, Hall 2, from March 28-31. To showcase the achievements of Asia Silicon Valley Development Plan 2.0 (ASVDP 2.0), the Asia Silicon Valley Development Agency (ASVDA) set up the Asia Silicon Valley Theme Pavilion at the event at which it displayed a wide range of smart city solutions covering smart healthcare, smart agriculture, smart energy, and 5G AIoT. The goal is to drive economic growth through innovation and entrepreneurship, advance industrial transformation through the application of IoT, and demonstrate Taiwan's strong capabilities in developing smart city applications.
The government's ambitious targets to grow Taiwan's internet of things industry are coming together despite talent-related teething troubles.
Hong Kong, Singapore, South Korea, and Taiwan are still far from adapting to the digital age and embracing the knowledge economy.
Taiwan claims it aspires to be a fintech hub, but it has failed to even pass so-called 'sandbox' legislation that would enable the ecosystem to experiment and grow. Over-regulation, a lack of consolidation in the banking sector and the absence of a defined government strategy to grow the sector are all holding Taiwan back.
David Green takes a deep dive into what the 'Asia Silicon Valley' plan really means for Taiwan.