Asia Silicon Valley Development Plan, (Chinese: 亞洲·矽谷計畫), is a national-level mega industrial project located in Taoyuan City, Taiwan.
In her inaugural address on May 20, 2016, Taiwan's President Tsai Ing-wen made a commitment to pursue a new economic model for sustainable development based on the core values of innovation, employment, and equitable distribution.
[1] To realize President Tsai's commitment, the Taiwanese Government is currently building a new economic model by focusing on an Asian Silicon Valley Development Plan and four innovative industries, namely, smart machinery, green energy, biotech and pharmaceuticals, and national defense.
[2][3] The Asian Silicon Valley Project was proposed by Tsai Ing-wen, a presidential candidate of the Democratic Progressive Party, on October 1, 2015.
Democratic Progressive Party presidential candidate Tsai Ing-wen said on October 1, 2015, that Taoyuan is close to the five largest cities in Asia and has 29 industrial parks, with more than 10,000 factories, is the perfect location.