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The "2024 IPO Awards Ceremony for Outstanding Foreign Companies in Taiwan's Electronics and ICT Industries," hosted by Taiwan's Ministry of Economic Affairs (MOEA), was held today. Minister Jhy-Huei Kuo personally presented seven prestigious awards to 22 leading companies from the United States, Germany, Japan, and other nations. Minister Kuo emphasized that deepening mutually beneficial partnerships with multinational corporations is critical as Taiwan navigates global supply chain restructuring. He expressed hopes that these collaborations would help seize opportunities brought by shifting geopolitical dynamics.

Among the participants were global tech giants such as Apple, NVIDIA, Microsoft, Google, and AWS—the top five companies by global market value. According to the Market Intelligence & Consulting Institute (MIC) of the Institute for Information Industry, foreign companies are expected to procure $234.1 billion worth of electronic and ICT products from Taiwan in 2024, a 3% increase compared to last year and the fifth consecutive year exceeding $200 billion. Companies like Microsoft and Google have significantly increased their procurement amounts, underscoring Taiwan's attractiveness and competitiveness in the global supply chain.

The IPO Awards recognize the contributions of multinational corporations to Taiwan through diverse metrics. Categories include the Technology Value-Added Partners, Strategic Point of Light Partners, and Key Supplier Partners, celebrating companies that establish R&D centers in Taiwan, support government policies, and strengthen Taiwan's pivotal role in the global supply chain. Additional awards include the Green Systems Partners, for contributions to Taiwan's sustainability ecosystem; Innovative Application Partners, for creating environments fostering talent and innovation; Soft Value Partners, for advancing opportunities in software-hardware integration; and Market Expansion Partners, for significant growth in procurement, employment, and other key metrics.

This award series symbolizes the enduring and sustainable partnerships between Taiwan and global enterprises, spanning product procurement, technology exchange, and innovative applications. MOEA highly values the added contributions by foreign partners in enhancing Taiwan's resource integration, technological advancements, and competitiveness. Amid global geopolitical shifts, supply chain restructuring presents both challenges and opportunities. MOEA encourages foreign partners to collaborate with Taiwanese industries in advancing key sectors such as semiconductors, artificial intelligence, and next-generation communications, solidifying Taiwan’s role as a global technology hub.

In addition to core industries, Taiwan's small and medium enterprises (SMEs) also benefit from digital transformation solutions offered by multinational companies. For example, LINE has collaborated with Taiwanese telecom operators to provide AI solutions that reduce manpower needs by 50% for small businesses. IBM has supported various industries, including electronics manufacturing, finance, healthcare, and retail, by introducing AI applications that accelerate digital transformation and enhance productivity. MOEA looks forward to deepening and diversifying these partnerships, encouraging companies to not only improve compensation but also enhance employee well-being and create more inclusive workplaces. These efforts will enhance competitiveness on both sides and create a brighter future during this wave of global ICT transformation and upgrading.

Award Recipients
(Award categories are listed alphabetically, except for Market Expansion Partners.)

• Technology Value-Added Partners: AMD, Infineon, Lam Research
• Strategic Point of Light Partners: AWS, Google, NVIDIA
• Key Supplier Partners: Micron, ROHM, TEL
• Green Systems Partners: Cadence, Dell Technologies, Intel
• Innovative Application Partners: Cisco, HPE, Synopsys
• Soft Value Partners: IBM, LINE, Qualcomm
• Market Expansion Partners: Apple, NVIDIA, HPI, Dell Technologies, Broadcom, Microsoft

In addition to the honor of receiving these awards, recipients are eligible for various incentives, such as streamlined customs clearance for R&D equipment and relaxed conditions for foreign talent recruitment in Taiwan.

Spokesperson: Deputy Director-General Chen Pei-Li, Industrial Development Administration
Contact: +886-2-2754-1255 ext. 2903 | Mobile: +886-925-775150
Email: plchen@ida.gov.tw

Business Contact: Director Lee Jen-Long, Information Division, Electronics and Information Technology Division, Industrial Development Administration
Contact: +886-2-2754-1255 ext. 2241
Email: jllee2@ida.gov.tw