Taoyuan County Commissioner Chu Li-lun (朱立倫) said on Saturday that the Asian regional managers of financial groups Macquarie and Morgan Stanley have visited the county government to express their interest in investing in the construction of Taoyuan Air City (桃園航空城), the Chinese-language Economic Daily reported yesterday.
The report said that total investment in the project is estimated to reach NT$2.4 trillion (US$78.9 billion) and its annual production value would be as high as NT$600 billion.
The county government expects that the construction would bring a significant upswing for around 20 related companies, such as EVA Air (長榮航空), China Airlines (華航), Evergreen International Storage and Transport (長榮國際儲運), Farglory Free Trade Zone (遠雄自由貿易區) and Formosa Plastics (台塑).
Chu said in an interview with the newspaper that foreign investors, including Chinese companies from the service and real estate sectors, have taken an active interest in the project and expressed confidence in Taoyuan, the “door to Taiwan,” after the legislative and presidential elections.
Macquarie approached the county government following the legislative elections and Morgan Stanley after the presidential election.
In addition, Chu said, many members of the American Chamber of Commerce have also expressed an interest in the development of the project.
Chu said the investment climate had changed significantly following the presidential election, most notably in terms of restored confidence and an increased willingness to invest among domestic and international investors.
President-elect Ma Ying-jeou (馬英九) has promised that he will initiate the construction of seven large airports for cross-strait flights when he takes up his new post and that Taoyuan and Kaohsiung airports will be given top priority.
Taoyuan County Government plans for a 6,150 hectare Air City which would include a free trade zone, an airport, an area for the aviation industry, a trade exhibition area, a shopping area, a coastal leisure area, an agricultural development area and an area for other industries compatible with the airport.
Plans show the project will draw NT$2.4 trillion in investment, create business opportunities worth NT$1.2 trillion and have an annual production value of NT$600 billion.
The planned Taoyuan Air City is expected to boost the performance of related shares, such as high-speed rail constructors, urban mass rapid transportation builders, logistics companies and companies that have assets there such as Formosa Plastics Corp, Far Eastern Textile Co (遠紡), Shinkong Synthetic Fibers Corp (新纖) and Yuen Foong Yu Group (永豐餘集團).
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
RSS