On 25 March 2020, Taiwan Tech and Foxlink Precision Industries (FIT) renewed their cooperation agreement for a third five-year term of NTD $50 million. 

Foxlink established a joint R&D center on the Taiwan Tech campus 10 years ago. In this highly successful industry-academia cooperation, more than 70 projects were completed. The two partners now decided to renew their cooperation for another five years, with research to be extended into the Internet of Things (IoT) and the development of 5G technology. 

In addition, LILIN, a global brand of security surveillance solutions, announced a NT$10 million donation to Taiwan Tech to promote research and collaboration on image recognition and AI. Part of the agreement is a scheme to nurture technology talents through internships and training.