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Taiwan boosts tech budget by 18% for AI and IC research needs

Taiwan’s Executive Yuan approved the central government budget for FY2024 and will submit it to the Legislative Yuan for review. A total of NT$561.2 billion (US$17.62 billion) is appropriated for the annual expenditure of education, science, and culture, in which the technology-related spending amounted to NT$156.9 billion (US%4.9 billion), up 18% from FY2023.