Published Date: 2021-11-11
Taiwan's
government plans to continue heavily investing in and developing the 5G network
to bring a new era of "smart technology". That's according to a
report released by the finance ministry on Thursday. The report states that
Taiwan has already invested almost NT$2 billion (US$68 million) in making the
switch to 5G, and that it plans on increasing the speed of these developments.
Premier Su
Tseng-chang says that by 2035, global economic activity spurred by the 5G
network will surpass US$13 trillion. He adds that 5G will be critical to
establishing "smart" vehicles, medical care systems, cities, and manufacturing
plants.
Su says that
Taiwan's telecommunications industry is renowned throughout the world, and that
having an advanced 5G network throughout the country will further cement this
position.
Meanwhile, Cabinet
Spokesman Lo Ping-cheng says that in order to develop the 5G system more
rapidly, the government will be investing NT$49 billion (US$1.8 billion) in 5G
over the next five years. Lo says that investors in 5G will be rewarded with
reduced property taxes.