TAIPEI, Dec 27 (Reuters) - Taiwan's science ministry
warned on Friday that funding for areas such as semiconductors,
AI and aerospace could be reduced by T$20 billion ($609.11
million) for next year after opposition parties passed laws
requiring cuts to economic and technology spending.
Taiwan's opposition parties, which hold a majority in
parliament, passed legislation last week to redirect spending
from the central government to local municipalities, a move
strongly opposed by the ruling Democratic Progressive Party
(DPP) and thousands of protesters.
Taiwan's Ministry of Science and Technology estimate comes
after the Ministry of Economic Affairs on Tuesday warned that
the country's collaboration with tech companies, such as Micron
, AMD and Nvidia ( NVDA ), could be affected and
that insufficient future budgets would affect Taiwan's
international AI technology partnerships.
The economic ministry's spending for next year is projected
to be reduced by T$29.7 billion, with T$11.6 billion earmarked
for cuts to technology projects, according to its calculations.
Micron has been Taiwan's biggest foreign direct investor.
Micron, AMD and Nvidia ( NVDA ) applied for technology collaboration
projects with the Taiwan government, with partial government
funding support.
($1 = 32.8350 Taiwan dollars)