Taiwanese and US firms ink seven MOUs to seize business opportunities of 5G communications and renewable energy

　Taiwanese companies including Aerospace Industrial Development Corporation (AIDC), Taiwan Power Company (Taipower), Quanta Cloud Technology, HTC Corporation, TMY Technology Inc., and Edgecore Networks Corporation signed seven memorandums of understanding (MOUs) with US companies including GE, Intel, and RingCentral, etc. on October 13, 2022, to pave the way for launch into the business of renewable energy and 5H communications.  

　The MOUs signed mostly involve technology cooperation in the sectors, such as, carbon reduction, renewable energy, and 5G connectivity.  For the collaboration in the area of renewable energy, GE works with AIDC to help AIDC establish its own “localized maintenance capabilities” on a turbine-supported electrification project and also with Taipower to achieve its goal of net zero carbon emissions by 2050.  

　As to the cooperation in the sector of 5G communications, based on their already robust partnership in the information and communication industry, the Ministry of Economic Affairs will continue boosting both sides’ cooperation by combining Taiwan-based information and communication service providers’ abundant hardware design and manufacturing capacity with the US companies’ strength in software, service, and branding, with a view to contributing to the diversification of 5G supply chain and assisting Taiwanese and US companies in jointly seizing the business opportunities of 5G communications and broadband infrastructure.  (Released 2022.10.13)

/CCS