Over the years, Taiwan's information technology industry has significantly contributed to the development and deployment of innovative solutions in the global supply chain. However, the lack of standard-setting initiatives necessitates Taiwan to pay much royalty fees to foreign companies for new tech standards, thereby decreasing its overall competitiveness. It is therefore imperative for Taiwan to identify and implement improvement strategies to strengthen its global positioning and upgrade its tech standards. One effective strategy is to be an active participant in international and Greater China's standard-setting activities. This paper explores the background of these activities, along with some of the regulatory hurdles and major bottleneck Taiwan's IT industry are likely to face. The author suggests employing an open strategy when participating in international standard setting activities and a semi-closed strategy when participating in Greater China's standard-setting activities. Finally, six conclusions and recommendations are arrived at based on this study.