The Taiwanese machine tool industry is concentrated in clusters along the Dadu Plateau of central Taiwan which has been christened the Golden Valley. This region which is home to over 1000 precision machinery manufacturers and over 10,000 downstream suppliers employs more than 3,00,000 people  and accounts for $ 3 billion in revenues. It has the highest output value per unit area and the highest density of any machine tool industry cluster in the world.

Without this cluster, Google's solar farms in the desert would be unable to follow the sun. The top four equipment suppliers for the global semiconductor and display panel industries also use components from here and without them, the semiconductor and display panel industries would find their supply chains cut. Car components for the German and Italian manufacturers, as well as gears for General Motors, Porsche and Hyundai, all come from this industry cluster.

Even China, the world's largest car market, principally depends on this Golden Valley of precision machine tools for its mold processing equipment. The Taiwan machine tool industry is even able to meet the stringent requirements of Apple and help it create its unique and innovative products. Taiwan machine tool industry has emerged as the preferred supplier to Apple in the face of stiff competition from traditional technology powers like Germany and Japan.

END