in the steel industry, reducing energy consumption by 11.5%. The development of low proton conduction impedance technology reduced energy consumption by 50% in the semiconductor industry. In the negative carbon sector, four major technological platforms were established for carbon capture and reuse: membranes, microalgae, catalysis/electrochemistry, and integrated carbon sink technologies. In recycling, research and development was mainly focused on waste hydrogen recycling in semiconductor manufacturing, solar cell module recycling, and construction and decoration panel recycling. Promotional materials and live demonstrations were used to raise social awareness regarding net-zero initiatives. ● Industrial Innovation Plan - The Asia Silicon Valley Development Plan 2.0: Driven by innovative applications of generative AI and green Internet of Things (IoT), the output value of the IoT grew to NT$2.02 trillion, claiming a global market share of 4.88%. To further the development of smart applications and services in urban and rural settings, a total of 281 smart solutions were promoted, with 107 successfully expanded to 29 countries. New ventures continued to receive support for securing investment and financing, resulting in 36 companies being listed on the strategic new board and 10 companies being listed on the innovative board. - Biomedical Industry Innovation Program: Taiwan's biomedical industry ecosystem made a quantum leap in 2023; the regulatory environment was enhanced, biomedical clusters were built, pharmaceutical and medical innovation was fostered, and epidemic prevention technologies were developed. The estimated turnover of the biomedical industry surpassed NT$750 billion. Moreover, 223 biotech companies were listed, and their market value exceeded NT$1.6 trillion. Efforts were also made to advance regenerative medicine and promote the launch of several domestic smart medical products. - Green Energy Industry Innovation Promotion Plan: The cumulative capacity of domestic solar photovoltaic installations reached 12,417.69 MW, which reflects the focus on developing safe, efficient, and sustainable green energy systems and providing diversified, reliable, and cost-effective energy. A total of 4.13 million renewable energy certificates were issued, driving the scale of green power transactions to 3.59 billion kWh. Considerable research and development activities XVI
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