Kaohsiung City Government extends the 006688 Program to the end of the year to strengthen the tenacity of the Asia New Bay Area 5G AIoT Ecological System
Kaohsiung Mayor Chi-Mai Chen spared no effort in launching the Asia Bay 5G AIoT Innovation Park ever since his assumption of office. With the support of the central government of putting in tens of billion in 5 years to create the biggest experimental site of Taiwan, the city government also launched the “006688” allowance program for leasing. This move has already attracted more than 80 big enterprises, accelerators and new business firms to enter. To strengthen the tenacity of the Asia New Bay Area 5G AIoT Ecological System, the government invited more enterprises to join the program. The Bureau of Economic Development announced today (August 20) that the deadline for application of the 006688 program, which was previously set at the end of June, is now extended to the end of this year. Enterprises are welcome to the park.
According to Director Tai-Hsiang Liao of the Bureau of Economic Development, the office buildings of Hon Hai, Kuo Cheng, Taiwan Life, and Cheng Kung, were the few enterprises approved shortly after the launch of the 006688 program. The space of these buildings is approximately 10,000 pings. The rent of the enterprises will be subsidized for 6 years. COMPAL Electronics, Wistron, Askey Computer, ELAN Electronics, CGCG Inc., MoonShine Animation, Auray Technology, CTIMES, Leadership Technologies, BLOCK Inc., and ARKkers International, a total of eleven 5G AIoT related enterprises were attracted to form an ecological system. It is estimated that more than NT$110 million will be subsidized. About 90% of the fund has been used and there are two enterprises still in the process of screening.
Kaohsiung City Government resolved to extend the 006688 program to the end of the year to further strengthen the tenacity of the Asia New Bay Area 5G AIoT ecological system for the deployment of AI, unmanned vehicles, and UAV, and related 5G AIoT application with a view to recruit more big enterprises to set up R&D centers or demonstration zones in the park, according to Tai-Hsiang Liao. In addition, the government also planned to broaden the site and facilitate the subsidy. There are 85 buildings confirmed at the park. More space for the park is in negotiation and it is expected that at least another 10,000 ping of space will be available for the enterprises.
According to ELAN Electronics, an enterprise that has established its R&D center in Kaohsiung, the company has been rooted in Kaohsiung for 10 years and has transformed to an enterprise specialized in the research and development of human–machine interface chips and module solutions for applying to smartphone, tablet PC, notebook PC and various kinds of consumer electronics. They expressed their gratitude to Kaohsiung City Government for the 006688 program that helps to cut down the cost of investment. After moving into Hon Hoi Building, the company will expand its IC design R&D team to about 100 staff members. With the advantage of industrial clustering, the Asia New Bay Area 5G AIoT will continue to drive ELAN move forward.
COMPAL Electronics has just been approved under the 006688 program and is now preparing to move into Taiwan Life Building. According to COMPAL, they highly treasure the competitive power in terms of R&D know-how, and will support the 5G AIoT industrial policy of Kaohsiung to establish the R&D center at the Asia New Bay Area to develop a national class 5G open network architecture site to develop and recruit good people in Kaohsiung so as to further bolster the return on investment and synergy of COMPAL in the long run.
The 006688 program works in conjunction with the “Asia New Bay Area 5G AIoT Innovation Park” policy of the central government, according to the Bureau of Economic Development. In other words, the enterprises there will enjoy the waiver of rent for the 1st and the 2nd year, 40% discount of rent in the 3rd and 4th year, and 20% discount of rent from the 5th to the 8th year. The park administration plans to recruit telecommunication services, cloud platform, system integration and 5G AIoT enterprises to move in so as to construct a viable industrial ecological system and create a 5G national team for gaining a lion share of the global supply chain. Enterprises are welcome to invest in Kaohsiung while Kaohsiung City Government will provide the best of service.