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September 26, 2017

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Lien addresses APEC CEO summit, reveals recipe for electronics success

Former Vice President Lien Chan revealed the recipe for success of Taiwan's electronics industries as he addressed the Asia-Pacific Economic Cooperation (APEC) CEO summit in Vladivostok, Russia yesterday.

The Taiwan government promotes free trade and investment, encourages innovation, builds partnerships with the private sector to run incubation centers, helps strengthen businesses' competitiveness and avoids interfering with the markets, he said.

All these measures have helped emerging international companies grow and reach their full potential, the former vice president said at the summit.

He noted that Taiwan is now number one worldwide in producing computers and related hardware.

Over 50 percent of the world's computer chips, almost 70 percent of the world's computer monitors and more than 90 percent of the world's notebook PCs are made by Taiwan companies, Lien said.

He named some of the successful companies, such as Quanta Computer, Hon Hai Precision Industries, High Tech Computer (HTC) and Acer.

He pointed out that Acer is one of the world's biggest notebook PC brands; HTC is a globally known smartphone vendor; and Quanta and Hon Hai are leading electronic products manufacturers.

Asked to explain the success of the Hsinchu Science Park in Northern Taiwan, Lien said the government runs it with high efficiency and transparency.

The government offers firms in the park tax breaks and incentives for research and development, he said.

The park is also surrounded by universities known for their technology curriculums, forming a cluster where businesses can have technological and personnel support.

He also noted that many Taiwan electronics firms have moved their manufacturing facilities to China to reduce production costs. As a result, China's electronics industries are also taking off, he said.

Business representatives from Taiwan have been actively promoting the island as an ideal destination for investments during APEC-related activities.

HTC Chairwoman Cher Wang said at the CEO summit that APEC is very good "stage" where they can tell others how investment-friendly Taiwan is.

Wang, who is joint-chairperson of both the Women's Forum and Sustainable Development Working Group under the APEC Business Advisory Council (ABAC), pointed out some of the current job trends concerning women.

She said more and more women study science, engineering, technology, math and other subjects in related fields, but the number of women working in related areas is low. Female managers in these fields are very rare, she added.

She disclosed that participants in the Women's Forum suggested various ways to address the issue, such as flexible work hours for women and e-learning during maternal leave.

U.S. Secretary of State Hillary Clinton showed much interest in the subject during the discussion, and expressed many opinions, the HTC chairwoman said.

Wang said Taiwan will host the Asia-Pacific Financial Forum (APFF) next year, and she will chair the event.

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