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Politics : Formerly About Applied Materials

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To: StanX Long who wrote (63475)	5/7/2002 1:49:03 AM
From: StanX Long	of 70976

Intel CEO urges more innovation from Taiwan By Thomas Au Yeung,Special to The China Post Tuesday May 7, 12:00 AM sg.news.yahoo.com Taiwan has opportunity to move from a "Made in Taiwan situation to an Innovated in Taiwan (situation)," said Craig Barret, CEO of Intel Corporation in an Intel-sponsored technology education forum in Taipei yesterday. Barret's hour-long speech focused heavily on Taiwan's need to prepare for the movement from a manufacturing based economy to an economy of innovation and creation. He stressed the importance of a creative education in preparing students for the new technologies and for the increasing number of jobs that would depend on the new technologies. Taiwan is undergoing a "hollowing out" in its economy, said the Intel CEO. Describing the transition of Taiwan's economy as similar to what the United States underwent 10-15 years earlier, Barret noted the many similarities in the paths the two economies took as they went from a manufacturing, labor intensive based economy to a knowledge and information based economy. According to Barret, the issue was not how one could stop the transition from taking place but how best to "take advantage of this natural movement." The ability to move from manufacturing to designing and creating as well as adding more value than has been done in the past through manufacturing is an issue that Taiwan had to address said Barret.

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