Hsinchu Science Park, more commonly known as The Park and affectionately referred to as the Silicon Valley of Asia, is a technology hub located in Hsinchu City, Taiwan. Its a high-tech area populated by some of the worlds top tech companies, including TSMC, MediaTek, UMC, Foxconn, and more.
Since its inception in 1980, the Hsinchu Science Park has served as a hub for tech innovation, research, and development. Over the years, it has also become a thriving business ecosystem, with a myriad of activities at the park such as conference centers, research and development institutions, incubation centers, and business hubs.
The Hsinchu Science Park is renowned around the globe for its innovative culture and promoting the spirit of entrepreneurship. A vibrant ecosystem of start-ups, tech firms, venture capital firms, and venture-backed companies, have shaped the culture in the Hsinchu Science Park into a highly competitive yet cooperative environment. The Hsinchu Science Park is also a great place to find an international community, as it is home to several multinational tech companies, international organizations and research entities.
With its abundance of talent, access to international capital, cutting-edge technology, and close ties to the mainland Chinese market, the Hsinchu Science Park continues to provide a rich environment for start-ups, tech companies and foreign investors. The Park has consistently been lauded for its forward-thinking attitude, encouraging collaboration among businesses and creating a level playing field for both Taiwanese and foreign tech companies. This is evidenced by the Park’s attractive foreign direct investment (FDI) rate, which has grown significantly in recent years, reaching US$8.4 billion in 2020, up from US$7.5 billion in 2019.
What’s more, the Park’s culture of cooperation and spirit of innovation have contributed to its wide variety of accomplishments. In 2020 alone, the Park welcomed seven foreign companies, including US-based chipmaker AMD, recognizing the tremendous potential of the Park’s tech ecosystem. Moreover, the Park has continued to garner accolades and awards, including various recognitions from the prestigious IR Magazine, the Economist Intelligence Unit, and the International Academy of Science.
It comes as no surprise that the Park is often labelled as “the Silicon Valley of Asia.” From start-ups to multinational tech companies, the Hsinchu Science Park is a hub of innovation and entrepreneurship in East Asia. With a vibrant and thriving ecosystem, the Park serves as a beacon of success for tech firms and entrepreneurs alike. With its talent, capital, technology, and international reach, the Park is set to remain a critical engine of innovation for years to come.
