Taiwan to boost AI and strategic-industry spending to increase competitiveness
Taiwan's cabinet announced plans to expand public spending on AI and other strategic industries to protect the island's high-tech manufacturing lead, strengthen economic security and stimulate domestic demand, the premier said at a government press conference on May 19 in Taipei. The initiative includes 13 designated strategic industries, each to receive a flagship project, and a set of 10 major AI construction projects scheduled to begin in 2026.