Taipei--The combined sales of Taiwan's three major science parks set a new record in 2016, and growth should continue in 2017 due to strong demand for communications devices and precision products, the Ministry of Science and Technology said Tuesday.
The combined sales of companies in the Hsinchu Science Park in northern Taiwan, the Central Taiwan Science Park and the Southern Taiwan Science Park rose 2.94 percent in 2016 from a year earlier to NT$2.37 trillion (US$77.70 billion), the ministry said.
The 2016 figure was the highest ever, according to the ministry.
The three science parks, which help drive growth in Taiwan's high-tech sector and are a major source of the country's exports, house many high-tech giants, including Taiwan Semiconductor Manufacturing Co. (???), the world's largest contract chip maker, and its smaller rival United Microelectronics Corp. (??).
Sales by companies in the Hsinchu Science Park fell 5.61 percent in 2016 from a year earlier to NT$1.04 trillion, while sales in the central and southern science parks rose 3.1 percent and 16 percent, respectively, to NT$507.4 billion and NT$829.6 billion.
As of the end of 2016, the three science parks had a total of 269,041 employees, up 3,950 from a year earlier, the ministry's data showed.
The ministry said sales of the three science parks are expected to grow in 2017 to another new high of about NT$2.4 trillion.
The Hsinchu Science Park is expected to reverse its 2016 sales decline with the help of stronger sales of communications devices and biotech and precision products while the Central Taiwan Science Park will get a boost in sales through capacity expansions by park tenants, the ministry said.
Southern Taiwan Science Park sales are likely to remain flat in 2017, however, as many companies in the industrial zone are undergoing transitions in their technology processes, the ministry said.
Source: Focus Taiwan News Channel