1. Taiwan has transitioned from a labor-intensive economy to a knowledge-based, high-tech economy led by its ICT industries like semiconductors, PCs, and telecommunications equipment.
2. Taiwan is a world leader in many ICT areas with high global market shares and the speed of its ICT production is very fast. Taiwan brands and technologies are found in many popular consumer electronics.
3. The government of Taiwan and organizations like the Institute for Information Industry play important roles in developing Taiwan's ICT sector through initiatives like infrastructure development, R&D incentives, and public-private partnerships.