Hon Hai Precision Industry Co (
Hon Hai, the nation's largest electronics company, makes for products such as Apple Computer Inc's iPod. The company's plan to increase its investment in a computer case and peripheral factory in Shenzhen was approved by the Investment Commission under the Ministry of Economic Affairs.
The regulator made the announcement in a statement issued late on Monday on its Web site. Including Hon Hai's planned investment, the commission approved eight investment projects in China totaling US$226 million.
These investments include US$25 million by Formosa Chemicals and Fiber Corp (
The commission also approved four inbound investment applications by foreign or overseas Chinese investors worth US$553.4 million, it said in a statement on Monday.
The approvals come after President Chen Shui-bian (
The government had not granted permission to Powerchip Semiconductor Corp (
Chen on Jan. 1 said his administration's new mindset and course of action for cross-strait economic and trade policies was "active management, effective opening," rather than "active opening, effective management," practiced since 2001.
Adopting a more proactive approach to managing economic relations with China would reduce the risk of liberalization in relations, Chen said.