Taiwan to spend over $219 million on 4G technology

Taiwan is planning to spend around US$219.3 million over the next four years to increase the growth of telecom technologies. The project is approved by the Council for economic Planning and Development, the island’s top economic planning body.

According to Chou Chung-pin of the Industrial Development Bureau, an agency under the economic ministry, part of the money will be used to encourage local private companies to develop key parts for the WiMAX network.

The companies concerned with the projects will have to give up to 80% of the cost, with the balance covered by funding from the government