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As a small economy that has built its future on manufacturing excellence, Taiwan has a big stake in nanotechnology. On the one hand, our manufacturing strength makes nanotechnology a unique opportunity. On the other, it also makes nanotechnology the one R&D battle we can least afford to lose. To come out ahead takes coherent planning and disciplined actions and, above all, the ability to marry nanotechnology's creative power to the dynamics of the marketplace. Such will be the challenges facing Taiwan's National Nanotechnology Program and its central R&D force-ITRI. For us, the future is literally now.