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How Kenya Could Start Making Billions Like Taiwan From The Lucrative Semiconductor Business

Two weeks after commissioning a fully operational arms production factory at Ruiru in Kiambu County, President Uhuru Kenyatta was today on April 26th tasked with commissioning another factory in Nyeri county as he seeks to fulfill his promise of creating modern jobs to millions of Kenyan youth that have the zeal to compete in the 21st century.

The President who had praised innovative Kenyan youth in October last year while at Manyani for their unmatched technological skills in the region once again commissioned a factory that can contribute in driving the country into economic succeess.

He launched a semiconductor production factory at the Dedan Kimathi University of Technology in Nyeri County that was birthed out of a Public Private Partnership (PPP) between the Dedan Kimathi University of Technology and an American nanotechnology firm called 4Wave Inc.

With this new factory, Kenya will be able to join the likes of Taiwan, South Korea and the US in the semiconductor business which is quite an immense industry with a big potential ahead due the ever-surging demand for electronic gadgets worldwide.

As of today, Taiwan is the unmatched leader of the global semiconductor industry with its Taiwan Semiconductor Manufacturing Company (TSMC) accounting for more than 50% of the global market alone.

TSCM fab at Hsinchu Science Park in Northern Taiwan [Photo | Courtesy]

This is a lucrative industry since in the year 2020 alone, the sector accounted for more than $115 billion (around Ksh 12.5 trillion) of Taiwan's GDP.

As revealed by State House, the 4Wace Inc manufactures nanotechnology products like integrated circuits and sensors used in electronic gadgets for the global market and this factory will also aid in accelerating Kenya towards becoming an upper middle class country.

Should this DeKUT factory and many more that'll be set up turn out to be a success, it's expected that the proceeds from this industry will be billions if not trillions of shillings.

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Content created and supplied by: AustineBarasa (via Opera News )

Dedan Kimathi Hsinchu Science Park Ruiru Taiwan Uhuru Kenyatta

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