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Growth seen in Taiwan R&D investments by electronics industry

Posted: 01 Aug 2002 ?? ?Print Version ?Bookmark and Share

Keywords:electronics industry? mic? market intelligence center? electromechanical devices?

R&D investment by the Taiwan electronics industry accounted for 88 percent of the country's overall investments in Q1 of 2002. This is according to a survey conducted by the Market Intelligence Center (MIC), a local IT research and consultancy house.

Citing evidence for this claim, Joseph Yeh, an industry consultant at MIC, noted that Taiwan's electronics industry posted the second highest average R&D expenditure per enterprise at about $24.5 million, and displayed the second highest R&D strength of 3.5 percent. R&D strength is defined by annual R&D expenditures as a percentage of revenue.

However, pointing to certain vulnerabilities in the Taiwanese R&D front, Yeh further remarked that the country's electronics industry is still largely involved in manufacturing, which would explain that despite certain strengths, the electronics industry posted the second lowest year-on-year R&D investment rate for Q1 of 2002.

The survey on R&D expenditures was conducted in June of 2002, covering 12 industries including: chemical, biotechnology, car manufacturing, glass and ceramics, food processing, textile, plastics, wire and cable electromechanical and machinery, rubber, iron and steel, and electronics industries. The sample included 415 public companies with a capitalization of at least US$5.8 million.

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