Trade Resources Market View Taipei Government Will Work Hard to Help a Joint Venture

Taipei Government Will Work Hard to Help a Joint Venture

Taipei City Major Hau Lung-pin recently said the city government will work hard to help a joint venture recently signed between Chunghwa Telecom Co.,Ltd.,and Rhythm&Hues(R&H)to develop cloud for animation and visual effect(CAVE)in conjunction with the city's cloud industry plan.

Hau said the joint venture,which will be established in Taipei,marks a new milestone for the city's cloud-computing and digital cultural&creative industries by strengthening the city's competitiveness in international cultural&creative market and upgrading its cultural&creative industry.

He estimated the CAVE venture would create 300 direct jobs and train over 1,000 visual-effect specialists in three years.According to studies released by the non-profit Institute for Information Industry(III)of Taiwan,the visual-effects industry produced an estimated US$46-81 billion in revenue worldwide in 2011,including US$18-40 billion contributed by the animation sector and US$5-11 billion by the film-making sector.

The mayor said that the city of Taipei will develop cloud-computing industrial parks each featuring dedicated core technology in multi stages.He estimated these parks would altogether generate revenue up to NT$100 billion(US$3.4 billion at US$1:NT$29)a year and create 10,000 jobs.

Hau stressed that the city has built a friendly environment for the cloud industry after years of investment in information infrastructures.Currently,wireless broadband has covered 90%of each of the city's district prefectures.Also,the city government offers free-of-charge wireless Internet connections at public sites.

Source: http://www.cens.com/cens/html/en/news/news_inner_42174.html
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Taipei Mayor Pledges to Bolster Cloud-Based Visual Effect Development
Topics: Machinery