Taiwan puts LEDs on streets to boost economy
Part of Taiwan’s economic stimulus package announced today is to install 320,000 LED-based street-lights on the island.
The measure is one of a series of measures introduced by vice premier Sean Chen to boost high-tech industry.
Taiwan’s economy grew over 10% last year with 13% growth in exports but it’s looking at 4% growth next year with growth in exports of only 5.3% – if the stimulus succeeds.
Investment in public projects, like the LED lighting, is one direction in which the stimulus money is going.
The Taiwan government is still wrestling with its collapsed DRAM industry which is expected to lose over $3bn this year. The companies have ignored government encouragement to consolidate.
But tablet and smartphone sales are holding up.