Taiwan Gov't to revise LED industry development strategies.
Taipei, Nov. 10, 2011 (CENS) -- Participants in a meeting recently held by the Ministry of Economic Affairs (MOEA) concluded that the ministry must amend current strategies on the development of Taiwan's LED industry, and the MOEA pledged to work out revised strategies within a month.
Economic Minster Y.S. Shih recently met with top brasses of Taiwan's leading LED industry in a bid to brainstorm ideas concerning how to help the manufacturers go through hard competition compounded by the economic downturn. During the meeting, the attendees concluded that government subsidization should address LED lighting procurers and electrical consumption, not the manufacturers.
However, Shih stressed that subsidizing government's LED-streetlight contracts is easier than consumer procurements because work on consumer subsidization program will involve more government organizations than that on government contracts.
The ministry will spend NT$700 million (US$23 million at US$1: NT$30) in the next three years as subsidy for LED procurements. The fund is earmarked for financing Keelung, Hsinchu and Chiayi city governments to replace a total of 53 million mercury streetlights with LED ones. This year alone, the ministry budgets NT$170 million (US$5.6 million) for the subsidization.
Also, the ministry will push for the establishment of a LED lighting joint venture between manufacturers across the Taiwan Straits.
Participants also discussed issues of cooperation between makers of both sides of the Taiwan Straits, including establishing industry standards, protecting intellectual properties, setting up strategic alliances, and tapping markets.
The ministry plans to slot standard establishment issue into agenda of next round of talks between Straits Exchange Foundation Chairman P.K. Chiang and Association for Relations of Across the Taiwan Straits President Chen Yunlin, the highest level semi-official talk between the two governments of the Taiwan Straits.
Participants in the MOEA-held meeting included Everlight Electronics Co., Ltd. Chairman Y.F. Yeh, Lextar Electronics Corp. Chairman David Su, Epistar Inc. President M.J. Jou, and LiteOn Technology Corp. Chief Executive Officer K.C. Terng.
|Printer friendly Cite/link Email Feedback|
|Publication:||The Taiwan Economic News|
|Date:||Nov 10, 2011|
|Previous Article:||China Steel's October earnings drops to post-meltdown low.|
|Next Article:||MediaTek, Facebook team up on Smartphone business.|