Wed, Sep 12, 2012 - Page 13 News List

US firms pledge to invest US$211m: vice minister

Staff writer, with CNA

Companies in the US are ready to inject more than US$200 million into investment projects in Taiwan, Vice Minister of Economic Affairs Bill Cho (卓士昭) said on Monday in New York.

Cho told reporters that a Taiwanese trade and talent-recruitment delegation visiting the US has so far drawn investment projects totaling US$211 million to Taiwan.

The delegation arrived in New York a day earlier.


Detroit-based Air Products and Chemicals Inc has said it will invest US$100 million in Taiwan, while Rante Corp, an online advertising agency, said it would put US$10 million into a cloud-based data center for government procurement projects.

In addition, Harvard Bed Frame said it would inject US$1 million to build a plant in Taiwan.

The company also said it plans to cooperate with Taiwan’s machine tool sector on developing bed frame-building tools, the ministry said.

Meanwhile, the Friendwell Group of Companies said it would spend more than US$100 million to build outlets and international hotels in Taiwan, it said.

Cho said that for the first time, the delegation was also aiming to attract foreign investment to Taiwan’s services sector.

The Mas Farmhouse, a French restaurant in New York, has expressed an interest in establishing a presence in Taiwan, Cho said, adding that four companies from the US west coast involved in fashion design and e-commerce have signed letters of intent with Taiwan.

In addition, the delegation has signed a letter of intent with Stanley Yang (楊士玉), the CEO of NeuroSky Inc, a leading manufacturer of wearable consumer bio-sensors, to establish a research center on brainwave-reading technology that can be applied to the video games industry.

The delegation is also seeking to have a newly developed high-precision robotic image-guided cancer therapy system called Arc-Knife set up manufacturing in Taiwan.


The delegation includes representatives from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the NASDAQ-listed Silicon Motion Technology Corp (慧榮科技), a fabless semiconductor company, and Aaeon Technology Inc (研揚科技).

Sherry Wu (吳怡萱), a recruiting manager at TSMC, said the recruiting effort has met with positive responses this year.

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