Technology

Taiwan’s semiconductor industry has been making waves not just domestically, but internationally. Zaobao correspondent Woon Wei Jong examines why for Taiwan, strategically and economically, possessing advanced semiconductor technology is as good as striking gold.

Amid greater efforts at achieving greater self-sufficiency in developing core technologies, China will turn to an erstwhile resource it has depended on — the state — to move forward. But will state-controlled venture capital funds be nimble enough to catch the next wave of tech innovations? And judging by the regulatory clampdown on Ant Group and others in recent months, a key preoccupation of 2021 will remain growing the digital economy while trying to rein in digital giants.

China will continue to flex its e-commerce muscles in 2021, predicts Associate Professor Chu Junhong from the NUS Business School. Expect a strong dose of cross-border e-commerce, live-streaming e-commerce, and more eye-catching short videos that promise great returns on “retailtainment”.

Live-streaming e-commerce is fast gaining currency in China, not least when tapping on short video and “we-media” platforms. Supporting the “internet celebrities” who promote endless products through this avenue are a support network backed by AI and big data. Technology specialist Yin Ruizhi looks at how this new model is changing the face of retail.

Adherence to IP protection and the rule of law are common and valid concerns of US and Western practitioners doing business in China. Commentator Deng Qingbo says that in that light, China’s recent stated focus on technological innovation should be cheered, as science, rational thinking, abiding by the rules, and even democracy often go together. At the same time, the Chinese need to better communicate their desire to share the fruits of their technological advancements with the rest of the world.

Motivated by its rivalry with the Soviet Union, the US focused its resources on becoming a science and technology giant after World War II. Now, in competition with China, can the US muster a "whole-of-nation" approach to regain a clear dominance in science and technology?

Both the mainland and Taiwan are aware of the need to wrestle for top research talents and spur their semiconductor industries to greater heights. Taiwanese firms in particular have made great strides over the years. With mainland Chinese companies scrambling to counter suppressive moves by the US, access to Taiwanese talent and expertise will be of even greater economic and political importance.

Innovation features prominently in the proposals for China's 14th Five-Year Plan. Apart from building up long-term resources such as education and basic scientific research, much government weight will be thrown behind building self-reliance in core technologies, including in the semiconductor industry, says Erik Baark and Qian Jiwei.

Many Southeast Asian telecommunication providers have rolled out their 5G masterplans and selected vendors this year, with Covid-19 prompting the need to accelerate the upgrading of digital infrastructure. However, while most Southeast Asian countries welcome collaboration with Chinese telecommunication vendors including Huawei, some telecommunication providers in Singapore, Malaysia, and the Philippines have recently moved away from partnering with Chinese companies. ISEAS academic Melinda Martinus finds out SEA's preferred vendors for developing 5G networks, and the reasons behind these shifts in preferences. Are Chinese companies still well-positioned to seize the opportunities in this arena?