Taiwan’s science ministry warns chip, AI funding cuts could impact tech

Taiwan’s science ministry warned on Friday that funding for areas such as semiconductors, AI and aerospace could be reduced by T$20 billion ($609.11 million) for next year after opposition parties passed laws requiring cuts to economic and technology spending.

Taiwan’s opposition parties, which hold a majority in parliament, passed legislation last week to redirect spending from the central government to local municipalities, a move strongly opposed by the ruling Democratic Progressive Party (DPP) and thousands of protesters.