IEDC to Target Semiconductor Innovation and Launch New Taiwan Office

 

The new Taipei office will focus on strengthening opportunities for investments in high-tech, high-growth sectors, with an emphasis on semiconductors, AI, agtech and agbioscience. IEDC has appointed Stewart Randall as its Taiwan Advisor, and he will be assisting with the appointment of an IEDC Taiwan Director in the coming weeks. Stewart has worked in international business development since 2012 and has extensive knowledge of Asia’s semiconductor industry. 

 

Under the leadership of Governor Eric J. Holcomb, Indiana has achieved significant growth of its semiconductor industry. In 2022, the state launched the AMPD Task Force focused on creating a competitive environment and helping semiconductor companies start and locate in Indiana. Since then, the state has attracted seven new semiconductor companies, secured a federal tech hub designation for microelectronics, and broken ground on a new, 10-acre public-private microelectronics hub, WestGate One, near the Naval Surface Warfare Center – Crane Division.  

 

While in Taiwan, Sec. Rosenberg and the delegation, which includes representatives of the IEDC and the Applied Research Institute (ARI), will meet with semiconductor industry leaders. The delegation will visit the headquarters of MediaTek, which announced in 2022 that it is partnering with Purdue University to create a new semiconductor design center in Indiana; meet the Taipei Computer Association; and AmCham Taiwan and the Taiwan Electrical and Electronic Manufacturers’ Association. The Secretary will also visit National Taiwan University and the Taiwan External Trade Development Council. 

 

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This trip builds off of Governor Holcomb’s trip to Taiwan in August 2022, and Indiana’s continued momentum in the semiconductor space. Indiana is home to 10 Taiwan-based business establishments, including microelectronics firm MediaTek, and boasted more than $1.61 billion in trade between the two regions in 2023, with top import and export categories including computer and electronic products, chemicals, electrical equipment and components and machinery and transportation equipment.  

 

About IEDC The Indiana Economic Development Corporation (IEDC) is charged with growing the State economy, driving economic development, and helping businesses launch, grow and locate in the state. Governed by a 14-member board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit iedc.in.gov. 

 

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