Hsinchu Science and Industrial Park (Chinese: 新竹科學工業園區) is an industrial park established by the government of the Republic of China (Taiwan) on December 15, 1980. It straddles Hsinchu City and Hsinchu County on the island of Taiwan.
Hsinchu Science and Industrial Park was founded by Kwoh-Ting Li, former Finance Minister of Republic of China. Inspired by Silicon Valley in the United States, Li consulted Frederick Terman, on how Taiwan could follow its example. From there, Li convinced talents who had gone abroad to build companies in this new Silicon Valley in Taiwan. Among those who returned is Morris Chang, who later leads the Industrial Technology Research Institute (ITRI) and founded the TSMC. Li also introduced the concept of venture capital to the country in the effort to attract funds to finance the startups in the science part.
Read more about Hsinchu Science And Industrial Park: Overview, Major Companies Located in The Park
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