Department of Finance, the Graduate Institute of Electro-Optical and Materials Science, and the Graduate Institute of Power Mechanical Engineering were established. In 2003, the Department of Business Administration and the Department of Biotechnology began. In 2004, NHIT was renamed National Huwei University of Science and Technology (NHUST). Four colleges were established: Applied Arts & Science, Engineering, Electrical & Computer Engineering, and Management. The Department of Multimedia Design, the Department of Leisure Management, the Graduate Institute of Industrial Engineering and Management, and the Graduate Institute of Mechanical and Electro-Mechanical Engineering were established. A master's degree program was added to the Department of Information Management. In 2005, the English name of NHUST was changed to National Formosa University (NFU). President Chien-Chang Lin retired; Yeong-Ley Tsay, dean of Academic Affairs, served as the acting president. The Department of Electronic Engineering was established. The master's degree and doctoral degree programs were initiated at the Department of Electrical Engineering and the Graduate Institute of Electro-Optical and Materials Science, respectively. In 2006, Jenn-Der Lin assumed the presidency of NFU. The Graduate Institute of Materials Science and Green Energy Engineering and the Graduate Institute of Business and Management were established. The Department of Mechanical and Manufacturing Engineering was renamed the Department of Mechanical and Computer-Aided Engineering. The Department of General Education and the Center of Teacher Education were merged and became the Center for General Education. In 2007, the Graduate Institute of Aeronautical and Electronic Engineering and the Graduate Institute of Innovation Engineering and Precision Technology were established. The Department of Leisure Management was renamed the Department of Leisure and Recreation. In 2008, the Department of Computer Science and Information Engineering, the Department of Automation Engineering, and the Department of Biotechnology began master's degree programs. The Department of Mechanical Design Engineering and the Department of Leisure and Recreation established master's degree programs in 2009. The Department of Electronic Engineering and the Department of Vehicle Engineering established master's degree programs the next year. In 2011, the Department of Finance established a master's degree program. The Executive Yuan consented to NFU's procurement of a new campus. The preparatory center for the new campus was started. In 2012, the Executive Yuan allocated a land of 17.18 hectares in THSR Yunlin Station area for NFU new campus. In 2013, NFU received funding from the Subsidy Directions for Developing Technological University Paradigms, the Ministry of Education. Wen-Yuh Jywe was elected as the