On December 2, 2021, Premier Su Tseng-chang announced that the Executive Yuan had approved an NT$8 billion (US$288 million) budget for quantum computing technology development and talent cultivation over the 2022-to-2026 period. According to the Executive Yuan press release, the investment aimed to create an industry cooperation platform and position Taiwan as a competitor in next-generation quantum technology.
Premier Su described quantum computing as a next-generation technology with applications in information security, finance, transportation, and national defense. The Academia Sinica Southern Campus in Shalun, Tainan, was designated as the base for quantum technology R&D. The Shalun center was to integrate hardware and software capabilities and provide jobs to develop talent in the industry.
Officials stated that the core of quantum computing lies in quantum chips, the manufacture of which aligns with Taiwan’s existing semiconductor strengths. Academia Sinica was noted as already possessing the capability to manufacture, control, and operate machines that can read information stored on quantum chips.