Thu, Apr 24, 2014 - Page 14 News List

Investment lags behind target

Staff writer, with CNA

The nation’s new private investments during the first three months of this year slightly lagged behind the target set by the government, statistics compiled by the Ministry of Economic Affairs (MOEA) showed on Tuesday.

In the first quarter, Taiwan registered a total of NT$318.7 billion (US$10.52 billion) in new private investments, accounting for 24.52 percent of the government’s target of NT$1.3 trillion for the whole of this year, the ministry said.

Of the new private investments, about US$2.8 billion were from foreign investors, or 25.89 percent of the government’s annual goal.

The ministry said new investments made by the technology services sector made up 33.09 percent of the sector’s annual goal, while new investments by the electronics and information sector represented 28.16 percent of the sector’s yearly target.

However, new investments in retail, wholesale and logistics accounted for only 17.13 percent of the sector’s annual goal, the ministry said.

According to the ministry, 10 investment projects started in the first quarter will be worth more than NT$5 billion each.

Among them, flat-panel maker AU Optronics Corp (友達光電) has invested about NT$30 billion in Hsinchu; Advanced Semiconductor Engineering Inc (日月光半導體), the world’s largest chip packaging and testing services provider, has launched a NT$30 billion project in Greater Kaohsiung; and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has unveiled a project to invest NT$11 billion to buy production machines.

The ministry said TSMC is likely to invest an additional NT$100 billion in the near future, while rival United Microelectronics Corp (聯電) could spend about NT$10 billion to expand its production.

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