Attracted by the nation’s research and development (R&D) expertise, more overseas Taiwanese businesspeople have expressed interest in investing in Taiwan, especially in the green energy industry, an Asia Taiwanese Chambers of Commerce (ASTCC) official said yesterday.
“The nation’s R&D technologies may help accelerate more Asia Taiwanese businesses to transform and join emerging industries, such as the green energy industry,” ASTCC chairman Andy Lo (羅安琪) told reporters.
Most overseas Taiwanese businesspeople are seeking to renovate companies to a higher value-added business mode, as these established firms — mostly founded about 20 years ago — tend to belong to traditional industries, making it difficult for them to earn higher profits, Lo said
Photo: CNA
In the Greater China area, Taiwan has the best conditions to be an R&D center, Lo said, adding that this was the main factor attracting overseas Taiwanese businesses, which are increasing investments and considering setting up R&D headquarters in Taiwan.
The Council for Economic Planning and Development (CEPD) held an “Invest in Taiwan” roadshow at the ASTCC’s annual conference yesterday, hoping to lure more investment from overseas Taiwanese businesspeople.
This is the council’s second roadshow in Taipei. The first was held in August last year when the council launched the “Invest in Taiwan” project. The council has also organized three overseas roadshows in Singapore, India and the US — with a fourth planned for next month in Japan.
Other than the green energy industry, Council for Economic Planning and Development Minister Christina Liu (劉憶如) expects the cultural and creative industries to be another sector that attracts overseas Taiwanese, because overseas venture capital firms have expressed interest in investing in the sector.
President Ma Ying-jeou (馬英九) said at the roadshow that the government’s gradual relaxation of the investment ceiling and the “12 Love Taiwan Construction Projects” have attracted more overseas Taiwanese businesspeople to invest in Taiwan.
“There are 27 overseas Taiwanese companies showing their intent to invest a total of NT$108.3 billion [US$3.74 billion] in Taiwan,” Ma said, citing figures from the Ministry of Economic Affairs.
Overseas Taiwanese businesses invested NT$97.5 billion in -Taiwan from 2008 to last year, while -investing a total of NT$25.3 billion in the first half of this year, the ministry’s data showed.
Yesterday’s roadshow drew 930 participants — 300 overseas Taiwanese businesses from 13 Asian countries and 630 representatives from local companies and associations, the council said.
CHIP RACE: Three years of overbroad export controls drove foreign competitors to pursue their own AI chips, and ‘cost US taxpayers billions of dollars,’ Nvidia said China has figured out the US strategy for allowing it to buy Nvidia Corp’s H200s and is rejecting the artificial intelligence (AI) chip in favor of domestically developed semiconductors, White House AI adviser David Sacks said, citing news reports. US President Donald Trump on Monday said that he would allow shipments of Nvidia’s H200 chips to China, part of an administration effort backed by Sacks to challenge Chinese tech champions such as Huawei Technologies Co (華為) by bringing US competition to their home market. On Friday, Sacks signaled that he was uncertain about whether that approach would work. “They’re rejecting our chips,” Sacks
NATIONAL SECURITY: Intel’s testing of ACM tools despite US government control ‘highlights egregious gaps in US technology protection policies,’ a former official said Chipmaker Intel Corp has tested chipmaking tools this year from a toolmaker with deep roots in China and two overseas units that were targeted by US sanctions, according to two sources with direct knowledge of the matter. Intel, which fended off calls for its CEO’s resignation from US President Donald Trump in August over his alleged ties to China, got the tools from ACM Research Inc, a Fremont, California-based producer of chipmaking equipment. Two of ACM’s units, based in Shanghai and South Korea, were among a number of firms barred last year from receiving US technology over claims they have
It is challenging to build infrastructure in much of Europe. Constrained budgets and polarized politics tend to undermine long-term projects, forcing officials to react to emergencies rather than plan for the future. Not in Austria. Today, the country is to officially open its Koralmbahn tunnel, the 5.9 billion euro (US$6.9 billion) centerpiece of a groundbreaking new railway that will eventually run from Poland’s Baltic coast to the Adriatic Sea, transforming travel within Austria and positioning the Alpine nation at the forefront of logistics in Europe. “It is Austria’s biggest socio-economic experiment in over a century,” said Eric Kirschner, an economist at Graz-based Joanneum
OPTION: Uber said it could provide higher pay for batch trips, if incentives for batching is not removed entirely, as the latter would force it to pass on the costs to consumers Uber Technologies Inc yesterday warned that proposed restrictions on batching orders and minimum wages could prompt a NT$20 delivery fee increase in Taiwan, as lower efficiency would drive up costs. Uber CEO Dara Khosrowshahi made the remarks yesterday during his visit to Taiwan. He is on a multileg trip to the region, which includes stops in South Korea and Japan. His visit coincided the release last month of the Ministry of Labor’s draft bill on the delivery sector, which aims to safeguard delivery workers’ rights and improve their welfare. The ministry set the minimum pay for local food delivery drivers at
RSS