Taiwanese Government will fund 5G development in the country
In a bid to improve and speed up the 5G roll out in Taiwan, the government has announced that it will fund its 5G development. Taiwan government has announced an allocation of funds of NT$20.4 billion which will be funded over a period of four years to develop 5G mobile networks in Taiwan and give a strategical place in the new age, Taiwan’s Cabinet Board of Science and Technology said.
Named as the “Taiwan 5G Action Plan”, this program is designed to create the talent pool of more than 4000 5G professionals which should help Taiwan in becoming a key player in the supply chain globally. This was said at the weekly Cabinet meeting by officials of the board.
Allocations of the funds, according to board, will be done by the government over a period of 2019-2022. This will help in development of 5G industry in Taiwan too. The production value of this industry is estimated at NT$50 billion.
Premier Su Tseng-chang has said that its imperative for Taiwan to seize the opportunity to develop 5G technologies. It is vital to the country’s plans for upgrading its social and economic developments.
Su Tseng-chang also added that Taiwan’s strength in mobile and information telecommunications and semiconductor industry along with sound legal and professional training systems places it in a position which create value and horizontal 5G services.
He reckons that “In turn, that will help Taiwan companies gain strategic importance at a time when the United States and China are engaged in a protracted trade war”
As far as the 5G efforts are concerned, U.S., South Korea, Japan, China, Britain and Ireland are also focusing on them as revealed by the Board of Science and Technology.
Su adds that Taiwan’s legislation of the Telecommunications Management Act in May also provided a foundation for the development of 5G.