Friday, March 28, 2003
Taiwan's economics ministry said on Friday the island was the fourth-largest recipient of U.S. patents in 2002, trailing the United States, Germany and Japan.
In addition, the island recorded an average annual growth of 18.7 percent since 1990 in the number of patents obtained, second only to South Korea's 24.5 percent average growth over the same period.
"Taiwan's patents are concentrated in the semiconductor industry, but future growth will come from the telecommunication, new materials and biotech industries," Hwang Jung-chiou, the director of the ministry's Department of Industrial Technology, told reporters.
Hon Hai Precision Industry , the island's largest private company in terms of sales, was awarded 507 patents from the United States last year, the ministry said.
Taiwan Semiconductor Manufacturing Co, the world's largest contract chip maker, was number two with 447 patents and rival United Microelectronics Corp.TW was third with 275 patents, it said.
On Thursday, Taiwan said it had approved a T$27.3 billion (US$784 million) plan to build a biotechnology park using public and private funds, aiming to develop the island into a regional biotechnology research center.
Taiwan has said it would spend T$10 billion annually for five years beginning in 2002 to promote biotechnology on the island.
Taiwan has successfully used industrial parks to become a global manufacturing center for a wide range of computers, communication and electronics products, a model the government hopes to use for biotechnology and other strategic industries.
By: DocMemory
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