Chihlee University of Technology was established as Chihlee College of Business in 1965. The school name and motto were adopted in accordance to the teachings of ancient Chinese philosophers and sages: integrity, trust, professionalism and diligence. Chihlee started off with four academic departments: International Trade, Business Administration, Accounting and Statistics, and Banking and Insurance. The Department of Secretarial Science was added in 1967. In August of 2015, Chihlee Institute of Technology was renamed Chihlee University of Technology, offering Bachelor degrees and still keeping Junior College Division.