Amid fresh trade war concerns, technology leaders determine future industry directions at summit (2019/08/02)

  • 2019-08-02
  • Winnie Cheng

Top science and technology leaders came together today at a closed-door summit held by the Ministry of Science and Technology to discuss the nation's future directions for the industry. Technology companies were rattled today by President Trump's announcement of upcoming tariff imposition on Chinese goods. Pegatron Chairman Tung Tzu-hsien said these ups and downs in the trade war are to be expected before the U.S. presidential election next year.

TSMC founder Morris Chang was one of the attendees at a strategic summit hosted by the Ministry of Science and Technology. He put forward suggestions for future science and technology policies.

Chen Liang-gee
Minister of Science and Technology
Morris Chang suggested that ITRI actually should take a backseat. Our two national goals should be reversed. Now it may be necessary to focus on the cultivation of talent in the industry. The development of technology for the use of industry should be our second-most important goal.

There were many technology leaders at the closed-door summit, including Sino-American Silicon Products Chairman Lu Ming-kuang and Pegatron Chairman Tung Tzu-hsien. The focus at the summit was the latest developments in the U.S.-China trade war.

Tung Tzu-hsien
Pegatron Chairman
There will always be ups and downs. This is just normal. It’s the normal situation at present. We anticipate that ahead of a new round of U.S. elections, phenomena like this one will mutually interact with campaigning and they will influence each other. Everyone should be most concerned about, and should put the focus on how to develop industrial supply chains in the long term and how they can migrate. This probably will have the most far-reaching influence.

Just recently there were hopes that the U.S. and China could reach a truce but that has turned out to not be the case. With more tariffs on ICT and technology products on the horizon, the global technology industry is once again bracing for impact.