Taiwan's electronics industry has played a dominant role, contributing to its prosperity during the last four years that has turned the island into a technology powerhouse. It is also a major supplier for Dell, IBM and Apple and has created several billionaires as a result of this tech boom. But it was not always so. The Chinese government has awarded large rebate subsidies to these companies with the aim of achieving a set percentage of component value as a result. The government previously relied upon foreign imports; however, they have decided to invest in domestic firms who are promoted as serious rivals to Taiwan and other nations.
Taiwan's electronics industry has played a dominant role, contributing to its prosperity during the last four years that has turned the island into a technology powerhouse. It is also a major supplier for Dell, IBM and Apple and has created several billionaires as a result of this tech boom. That position is under threat with increasing competition from countries such as China who are focusing their energies on boosting domestic, state-invested companies. The Chinese government has awarded large rebate subsidies to these companies with the aim of achieving a set percentage of component value as a result. The government previously relied upon foreign imports; however, they have decided to invest in domestic firms who are promoted as serious rivals to Taiwan and other nations.