This research focused on studying the hi-tech enterprises' "make or buy" decision in technology sourcing after they select a new product be developed. Totally 56 hi-tech enterprises and 112 products are studied in this research. The research results shows that the first priority be considered by 70.86% of Taiwan hi-tech enterprises is "in-house R&D" for technology sourcing approach. The main reason of using "licensing-in" is to shorten the R&D cycle time to launch new product to market quickly, and only 5.4% of firms buy technology through agent. There is statistically significance for the relationship between "percent of in-house R&D" and "industry", but no significance between "percent of in-house R&D" and "R&D resource". The relationship between "availability of licensing-in" and "technology-sourcing strategy" is also significant. The author found that the technology sourcing strategy by Taiwan hi-tech enterprises are multi-channel, and the relationship between "in-house R&D" and "licensing-in" is complementary rather than substitute. "Availability of licensing-in" plays a main role when transaction cost theory applied to the "make or buy" decision for firms' technology sourcing strategy.