Sales of Central Taiwan Science Park hit new high

Sales generated by the Central Taiwan Science Park (CTSP) for the first 10 months of this year hit a new high of more than NT$800 billion (US$28.78 billion) off the back of robust global demand for tech gadgets, the Ministry of Science and Technology's CTSP Bureau announced Tuesday.

Data compiled by the CTSP Bureau showed revenue posted by manufacturers located in the science park totaled NT$843.05 billion over the 10 month period, up 9.45 percent from the NT$770.25 billion recorded over the same period last year.

The CTSP is one of the three major science-based parks in Taiwan, and is home to many tech heavyweights from a wide range of sectors including semiconductors, precision machinery, biotech, optoelectronics, and renewable energy.

According to the bureau, the semiconductor industry posted NT$649.71 billion in sales over the 10 months, up 4.68 percent from a year earlier.

The semiconductor industry accounted for 77.07 percent of total sales in the CTSP, constituting the park's primary source of sales.

Among the large semiconductor makers with operations in the CTSP, Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, currently runs a 12-inch mega wafer fab in the science park, rolling out chips made on its mature processes.

In addition to TSMC, integrated circuit packaging and testing provider Siliconware Precision Industries Co. and dynamic access random memory (DRAM) chip supplier Winbond Electronics Corp. also have production sites in the CTSP.

The CTSP Bureau said the semiconductor industry benefited from growing demand for emerging technologies, such as 5G applications, artificial intelligence gadgets, automotive electronics, and high-performance computing devices.

The optoelectronics industry posted NT$155.35 billion in sales over the 10 months, soaring 30.37 percent from a year earlier, and making up 18.43 percent of the total sales in the science park, the bureau said.

The bureau said after suffering a decline in sales over the previous three years, the optoelectronics industry was now riding the wave of a booming global stay-at-home economy that has led to strong demand for devices used in remote work and online learning.

The bureau added that commercial use of Mini LED development technologies also helped the optoelectronics sector post such a staggering increase in sales.

The precision machinery industry posted NT$24.64 billion in sales, up 23.95 percent from a year earlier and accounting for 2.92 percent of the total in the science park, the data showed.

In addition, the biotech industry posted NT$6.36 billion in sales, up 16.94 percent from a year earlier, while the computer and peripherals industry generated NT$3.97 billion in sales over the 10 month period, up 51.66 percent, the bureau said.

Looking ahead, the bureau said as the global economy recovers thanks to rising vaccination rates, demand for high-tech products worldwide is expected to continue to grow, pushing up sales in the science park to another record high in the fourth quarter of this year.

Source: Focus Taiwan News Channel