While globally widespread COVID-19 pandemic is pushing many countries into severe socioeconomic and health crisis, Taiwan has emerged as a role model for both pandemic management and econom c recovery. Thanks to effective economic stimulus and industrial relief packages as well as Taiwan's unique advantages in electronics and ICT-related industries, Taiwan is one of the few economies that likely obtain positive growth in 2020 and sustain steady growth in the years later. Remarkably, taking advantage of rising digital application demand during and after the pandemic, Taiwan perceive these changing market structure as valuable chances for promoting digital transformation, industrial upgrading, developing core industries in Industry 4.0, and facilitate Taiwan to deploy Asia;Silicon Valley program which turning Taiwan into a vibrant innovation and startup hub.