Taiwan's government has given the green light to the ambitious "Chip-driven Taiwan Industrial Innovation Initiative(shorten as Chips innovate Taiwan Initiative)," a four-year plan designed to bolster the country's semiconductor industry. With a planned investment of NT$300billion (approximately US$10 billion) over the next decade, starting with an initial budget of NT$12 billion (around US$ 0.4 billion) in its first year, the program aims to propel Taiwan's semiconductor sector to global leadership. In a highly competitive global semiconductor landscape, where countries are offering subsidies and tax incentives to attract semiconductor investments, Taiwan is gearing up to solidify its leading position in semiconductor industry. Recently, amendments were made to the "Industrial Innovation Act" in Taiwan to expand investment incentives. The Semiconductor-Driven Taiwan Initiative outlines four key strategies to achieve its objectives: Fostering Innovation t