Taiwan’s enterprises saw their combined annual R&D expenditures surpass NT$800 billion (approx. US$24.6 billion) for the first time in 2023, reaching NT$801.5 billion. This marked a 3.7% increase from the previous year and accounted for 85.1% of the nation’s total R&D expenses, according to a survey released by the National Science and Technology Council (NSTC) on October 31.