ICT today, tomorrow and beyond

Have you ever left your home without a phone and felt helpless? The same feeling you might've experienced when your neighborhood went through a power cut. In today's day and age, we are extremely dependent on technology that powers our devices as well as our heavily connected lives. And that's how the telecommunications and technology industry crossed paths to create the world of ICT. This ICT industry is expected to be among the fastest growing sectors in manufacturing, driven by accelerating digitalization and industrial automation.

Over the next few years, other new categories such as robots/drones and AR/VR headsets will see similar growth. This increasing proportion of spending targeted at new categories is expected to drive the overall industry to a new growth surge over the next decade.

ICT electronics is an innovative and technology-driven industry. In particular, the semiconductor segment is highly value-added – and provides robust margins for manufacturers. This is where Taiwan's unmatched capabilities come in. Taiwan is dominating its position in the world of semiconductor manufacturing. TSMC, short for Taiwan Semiconductor Manufacturing Company, is by far the world's largest chip manufacturer. TSMC has a 53% market share of the global foundry market (factories contracted to make chips designed in other countries). Other Taiwan-based manufacturers claim a further 10% of this market.

Taiwan's strong industrial chain, technological edge and its integrated manufacturing capabilities in sensors and IoT terminals gives the island a global advantage in the ICT sector. In 2018 Taiwan achieved US$157 billion in information and communication technology exports, an increase of 3.48% compared to 2017. And the Global Scale of Taiwan's IoT economic business opportunity is expected to increase 30% by 2025. Taiwanese manufacturers possess impressive manufacturing capabilities enabling them to operate on a global scale. A complete upstream and downstream industry chain gives Taiwan a demonstrable advantage in netcom chips, components, touch panels, and system integration, with a full mastery of key components.

These revolutionary Taiwanes products that are changing the face of the ICT industry are being made available to everyone globally thanks to Taiwan Excellence. Taiwan Excellence is Taiwan's proposition to the world on how to live an innovative life by letting cutting-edge technology lead the way.

Taiwan Excellence, which was set up by Taiwan's Ministry of Economic Affairs in 1993. Every year they award products with innovative value after a meticulous selection process that evaluate Tawianese products on the parameters of R&D", "Design", "Quality" and "Marketing". The winners of these prestigious awards then use the Taiwan Excellence symbol in marketing and promoting their products globally.

The Internet of Things (IoT), big data analysis, cloud computing, artificial intelligence (AI), and block chain technologies are giving rise to extensive innovation, fundamentally changing enterprises, the government, and society. This is expected to create a digital economy worth US$23 trillion by 2025. Taiwanese brands are actively participating in this economic growth with products that cater to industries like healthcare, hardware, machinery, sports and leisure, E-sports, and many more.

So no matter where you live or what kind of products you use, you or someone around you is using a product made in Taiwan that is reshaping the ICT industry.