DistantNews
Support us
๐Ÿ‡น๐Ÿ‡ผ Taiwan /Technology

Taiwan Stock Exchange partners with Chunghwa Telecom for new backup data center

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • The Taiwan Stock Exchange (TWSE) and Chunghwa Telecom signed a memorandum of understanding to build a new backup information center.
  • The new center, located in Taichung, is expected to be completed by 2029 and will enhance the security and resilience of the stock market's trading systems.
  • This initiative aims to strengthen Taiwan's position as an international capital market, attracting more foreign investment.

The Taiwan Stock Exchange (TWSE) and Chunghwa Telecom have joined forces to construct a new, dedicated backup information center, marking a significant step in bolstering the resilience and security of Taiwan's capital market. A memorandum of understanding was signed on July 30 by TWSE Chairman Lin Hsiu-ming and Chunghwa Telecom Chairman Chien Chih-cheng.

The new facility, to be built at Chunghwa Telecom's Taichung base, is slated for completion in 2029. Its primary goal is to enhance the security of the stock market's trading systems and reinforce information security controls. This project is expected to significantly strengthen the overall resilience of the securities market's information systems and network security.

In line with the government's policy to develop Taiwan into an "Asian Nasdaq," the TWSE has been actively upgrading its information infrastructure. Benefiting from the AI wave and its central role in the global semiconductor supply chain, Taiwan's market has emerged as a major international capital hub, characterized by high liquidity, valuations, active foreign investment, and a comprehensive tech supply chain.

The collaboration aims to integrate existing backup information center functions, thereby enhancing the security resilience and operational independence of the backup systems. This will optimize computer system resources, foster professional talent, and improve equipment maintenance efficiency, ultimately strengthening risk management and supporting the long-term development of the securities market. The new center will feature high specifications, optimizing computer and network systems for ultra-low latency and high concurrency processing, bringing Taiwan's IT infrastructure in line with other major global exchanges.

This construction project is expected to be completed in 2029. At that time, it will not only enhance the security of the securities market but also actively implement information security controls to strengthen the resilience of the overall securities market information system and network security.

โ€” Taiwan Stock ExchangeExplaining the goals and timeline of the new backup information center.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.