Latest News and Trends

Research subsidies face sudden cuts, impacting Taiwan’s scientific research and investment climate

Taiwan’s Legislative Yuan hastily passed amendments to the Act Governing the Allocation of Government Revenues and Expenditures without sufficient discussion, sparking major controversy and raising concerns about the government’s ability to fulfill its policy commitments. Following warnings from the Ministry of Economic Affairs about the impact on subsidies for Nvidia, the National Science and Technology Council (NSTC) announced that NT$122 billion (approx. US$3.72 billion) in fundamental research projects would also be affected.