On December 3 the Executive Yuan of Taiwan approved a five-year, NT$2.1 billion (US$65.0 million; US$1=NT$32.3) funding to boost the development of the e-book industry in Taiwan, the United Daily News reported. Pooling the resources of various government agencies, the Executive Yuan expects the five-year funding plan to help accelerate the development of e-book readers and e-paper displays and raise the overall digital content revenue in Taiwan to NT$100 billion (US$3.1 billion) by 2013. So far, Taiwanese companies having tapped into the e-book industry include Prime View International, AUO, Delta Electronics, and Foxconn, with a total investment of over NT$15.0 billion (US$464.4 million). The overall shipment value of the Taiwanese e-book industry is forecasted to reach NT$30.0 billion (US$928.8 million) in two years. Meanwhile, various Taiwanese publishers and telecom operators have teamed up on establishing a trade center of digital content for e-books. Overall funding to this purpose is estimated at more than NT$2.0 billion (US$61.9 million).