The Taiwan government aims to boost private-sector investment in the local economy to new Taiwanese $1.07 trillion (US$30.56 billion) this year, with a focus on technologies such as radio frequency identification (RFID).

If the government reaches its target, the figure would be 11.4 percent higher than the NT$927.6 billion in new private investment projects Taiwan attracted last year, the government said Saturday.

One focus the government highlighted in its report is on RFID technologies, including chip modules and Gen2 Tags, or ultra-high-frequency chips developed around the EPCglobal standard for second-generation EPC technology. EPCglobal is a non-profit group set up to maintain barcode standards and commercialize related technologies.

Taiwan made NT$814 million worth of RFID products last year, up 15.3 percent over 2005, the government said.