On the morning of July 26, President Tsai Ing-wen met with a delegation from the German conglomerate Siemens AG. She expressed hope that Taiwan and Siemens AG would continue to enhance exchanges and cooperation on new energy and smart machinery, and also penetrate emerging international markets to create another win-win situation.
In her remarks, the president stated that Mr. Cedrik Neike assumed the position of Member of the Managing Board of Siemens AG this past April and visited Taiwan in July, showing that Siemens AG values its relationship with Taiwan. She then, on behalf of the government and people of Taiwan, extended a warm welcome to the visitors.
President Tsai pointed out that Siemens AG has long been a pioneer in the electrical and electronics industries, basic industries, and smart cities. She expressed confidence that Taiwan and Siemens will have many opportunities for cooperation on various fronts. For example, Taiwan is currently developing new energy sources with the hope of making renewable energy, including solar and offshore wind power, 20% of our total energy mix by the year 2025. .
The president said that the Taiwan government looks forward to Siemens AG participating in the transformation of our energy sector. The company is planning to relocate its regional operations center for offshore wind power to Taiwan by the end of this year. It will work with Taiwanese enterprises to consolidate a domestic industry chain for offshore wind turbines so that both sides can explore international markets together. President Tsai welcomed its plan and wished it every success in its programs here.
Turning to the smart machinery industry, the president noted that the government set up a Smart Machinery Promotion Office in February of this year. That office will continue to integrate government and private sector resources to bring Taiwan's machinery industry into the Industry 4.0 era of innovation and smart technologies. In the past, that industry has closely cooperated with Siemens AG in the smart manufacturing sector. She then expressed hope that based on the existing cooperative foundation, Siemens AG will leverage Taiwan's competitive advantages in information and communication technologies and establish a smart machinery R&D center here.
President Tsai stated that Siemens AG established its Taiwan office back in 1970, and over the past half-century, we have grown together and become good partners. She hoped Siemens AG will continue to develop new cooperative plans with Taiwan enterprises. By combining our complementary and compatible industrial strengths, the president remarked, the two sides can penetrate emerging international markets, and create another win-win situation.