At the Cabinet’s weekly meeting Thursday, Premier Su Tseng-chang said that the Asia Silicon Valley Development Plan has produced promising results since its inception, including creating a comprehensive startup ecosystem and boosting the internet-of-things (IoT) industry. Taiwan’s IoT industry value over the past two years has enjoyed annual growth rates of nearly 20 percent, while several global tech heavyweights are setting up R&D centers in Taiwan. The premier applauded central and local gove