Taiwan is the hub for building tech-related hardware in the world for several decades thanks to its development in engineering and to keep the country ahead in the race of Artificial Intelligence R&D, Hsinchu County government has announced that it will open a 126,000-square-meter (about 1.3 million square feet) AI business park near one of Taiwan’s major all-purpose high-tech zones and two top universities.
According to Grand View Research AI is expected to grow into a $390.9 billion market by 2025 and to keep the nation going stronger against the US, China, and other countries the decision to built a massive AI business park.
Tech giants Google, IBM, Microsoft, and other have expressed desires of developing Artificial Intelligence R&D centers in Taiwan and the major reason behind selection of Taiwan over other countries in Asia is that the country has huge numbers of capable, cheaper engineers and are considered less likely to steal patented technology over workers in Mainland China.
[The park] will not just help [promote] industry-academia cooperation, but also let AI-oriented startups and companies have a demo space to verify AI product services, It will be helpful as well to attract the companies who are interested in the AI field and then accelerating the AI ecosystem.”Shirley Tsai, a research manager with IDC Taiwan’s enterprise solution group.
According to official records, the Hsinchu County International AI Smart Business Park will support a secondary school, an international conference center, and a “demonstration and experience center,” with plans for an incubation center and workspace for startups, the basic infrastructure to be completed by the year-end.
Taiwan government has played an important role in developing the nation as a tech-builder and 40-year-old The Hsinchu Science Park run by the Ministry of Science and Technology of Taiwanese government is the role model. It has more than 520 approved companies, including the semiconductor giant TSMC, employing a total of 150,000 people.
Taiwan cabinet announced last year that it plans to trains 10,000 AI workers per year.