have been pursued. The Industrial Technology Research Institute (ITRI), headquartered within the park, is the largest nonprofit research organization in Taiwan and has worked to develop applied technological research for industry, including for many of Taiwan's traditional industries (such as textiles). Following the success of the first park, the Southern Taiwan Science Park (STSP), consisting of the Tainan Science Park and the Kaohsiung Science Park, was established in 1996. In addition to companies, several research institutes (including Academia Sinica) and universities have set up branches within the park with a focus on integrated circuits (ICs), optoelectronics, and biotechnology. The Central Taiwan Science Park (CTSP) was established more recently in 2003. While the CTSP is still under development, many firms (including AU Optronics) have already moved into the park and begun manufacturing operations. Like the other parks, CTSP also focuses on ICs, optoelectronics, and biotechnology, with the optoelectronics industry accounting for 78% of its revenue in 2008. These three science parks alone have attracted over NT$4 trillion (US$137 billion) worth of capital inflow, and in 2010 total revenue within the parks reached NT$2.16 trillion (US$72.8 billion). The Linhai Industrial Park, established in Kaohsiung in 1960, is a well-developed industrial zone with over 490 companies focusing on other industries including base metals, machinery and repairs, nonmetallic mineral products, chemical products, and food and beverage manufacturing. The Changhua Coastal Industrial Park, located in Changhua County, is a newer industrial cluster with many different industries such as food production, glass, textiles, and plastics. Industrial and science parks in Taiwan include: Central Taiwan Science Park Hsinchu Science Park Hsinchu Biomedical Science Park Nankang Software Park Neihu Science Park Tainan Science Park Southern Taiwan Science Park Kaohsiung Science Park National Biotechnology Research Park Shalun Smart Green Energy Science City Economic research institutes Taiwan Institute of Economic Research Chung-Hua Institution for Economic Research Institute of Economics, Academia Sinica Industrial Technology Research Institute Taiwan Livestock Research Institute Exchange rates See also Banking in Taiwan Cement industry in Taiwan Defense industry of Taiwan List of banks in Taiwan List of Taiwanese automakers List of companies of Taiwan List of largest companies in Taiwan List of metropolitan areas in Taiwan Made in Taiwan Taiwan Miracle Taiwanese Wave Minimum wage in Taiwan Taxation in Taiwan Transportation in Taiwan Taiwan Stock Exchange (TSE) Textile industry in Taiwan 1997 Asian financial crisis Notes References Further reading Taiwan ASEAN Studies Center; ASEAN Outlook Magazine;