In 2024, the Taiwanese government announced the launch of a 10-year NT$300 billion (approx. US$9.89 billion) Taiwan Chip-based Industrial Innovation Program (Taiwan CbI), marking an unprecedented scale compared to earlier initiatives. National Science and Technology Council (NSTC) minister Cheng-Wen Wu stated that the Taiwan CbI program will comprehensively strengthen the global competitiveness and resilience of Taiwan’s semiconductor industry supply chain.