As global technological and economic dynamics evolve, Taiwan's role in the global semiconductor and innovation supply chain is becoming increasingly crucial. To further solidify the position of Taiwanese enterprises in international markets and promote industrial growth, the Taiwan Eastbound Alliance - Landing America (TeaLa) recently established the J Group Committee, with Mr. Kenneth Tai serving as its inaugural chairman. The group recently held its first consensus meeting, marking a pivotal step in Taiwan’s efforts to internationalize its enterprises.
Opportunities for Global Semiconductor Expansion
In recent years, Taiwan's semiconductor industry has held a prominent position in the global market, with Taiwan Semiconductor Manufacturing Company (TSMC)’s production plan in the Kyushu region of Japan becoming a model of Taiwan-Japan economic cooperation. This has attracted many semiconductor companies to establish plants and invest in Japan. Amid this trend, the government’s "Internal Expansion for External Markets" policy has become a crucial driver for Taiwanese businesses to further explore the Japanese market. In response, J Group was created to help more Taiwanese semiconductor, ICT, and health and wellness companies establish a presence in Japan. In August, J Group, in partnership with National Chengchi University and National Yang-Ming Chiao Tung University, hosted a forum on August 30 focused on "Economic Security and Taiwan-Japan Science and Technology Cooperation: The Kyushu Experience." This forum not only helps Taiwanese businesses strengthen their global presence but also reinforces Taiwan's critical role in the global semiconductor supply chain. J Group’s creation offers comprehensive support services to Taiwanese enterprises, opening new opportunities for industrial collaboration between Taiwan and Japan.
International Connections and Innovation-Driven Growth
Beyond the semiconductor sector, Taiwan’s startups are playing an increasingly important role in the global market. However, expanding internationally is challenging, especially with the complexities of global capital markets and technology transfers. To support Taiwanese startups in overcoming these barriers, the Alliance partnered with Nasdaq to establish the Asia Innovation Hub (AIH). As a catalyst for innovation in the Asia-Pacific region, AIH will provide entrepreneurial services, technology transfer assistance, and help Asian businesses more effectively access global capital markets. The hub’s establishment provides a platform for Taiwanese startups to enter the global stage and strengthens industrial ties between Taiwan and other Asian countries, fostering cross-border cooperation and injecting fresh momentum into the innovation sector.
Strategic Focus of J Group
During the consensus meeting, J Group’s goals and strategic direction were solidified, focusing on three main areas:
1. Industry-Academia Collaboration: Strengthening partnerships with international academic institutions to drive cutting-edge research and applications, providing technical support for Taiwan’s industrial advancement.
2. Business Expansion Services: Offering services such as local resource integration, legal and regulatory guidance, and assistance in company establishment to ensure smooth market entry and operations for Taiwanese businesses abroad.
3. Resource Matching: Connecting Taiwanese companies with global resources to better meet international market needs, fostering cross-border partnerships and project development.
These strategic areas will provide Taiwanese enterprises with steady and ongoing support, helping them remain competitive in the global arena.
These three main strategic areas will provide Taiwanese enterprises with steady and ongoing support, helping them remain competitive in the global arena.
Future Challenges and Opportunities
As global supply chains continue to evolve, Taiwanese companies face unprecedented challenges and opportunities. The complexity and volatility of global markets demand higher adaptability and innovation from businesses. Thus, J Group was created to help Taiwanese businesses address these challenges while capitalizing on emerging opportunities.
With the rapid development of the global semiconductor and innovation industries, J Group is positioned to be a strong pillar of support for Taiwanese enterprises. By offering comprehensive services ranging from R&D to operational support, J Group aims to help businesses establish a solid presence in international markets. Furthermore, J Group will work closely with government agencies to ensure that Taiwanese companies' international expansion translates into real economic benefits, alongside the effective implementation of supportive policies.
J Group's first consensus meeting laid a strong foundation for the global growth of Taiwanese businesses. Through strategic planning, international collaboration, and government backing, J Group will enhance the competitiveness of Taiwanese enterprises in Japan. As Taiwan's semiconductor and innovation sectors continue to grow, J Group will elevate Taiwan's role in the Japanese industrial chain, opening more opportunities for Taiwanese companies to contribute to global economic growth. Taiwanese businesses are poised to become key drivers of innovation across Asia and beyond, with J Group’s support helping them reach new heights in the global market.
English 
繁體中文