Delta Electronics Inc (台達電) is to invest up to NT$13.2 billion (US$426.4 million) in Taiwan over the next three years in accordance with the global layout strategy of the power and thermal solutions provider.
The investment also demonstrates the company’s efforts to make Taiwan a main research and development (R&D) base, Delta official Johnny Shih (施孟璁) told the Taipei Times by telephone on Thursday.
The company is to recruit up to 1,800 people this year, with the majority being R&D engineering posts, Shih said.
Delta also plans to offer several thousand additional jobs in the next few years, he said, without providing an exact number.
“Delta is to diversify risk by moving investments back to Taiwan in light of the US-China trade war. The company’s latest move also provides an alternative production location for clients who care about information security, while helping increase its research and development capability,” Taishin Securities Investment Advisory Co (台新投顧) said in a note.
Delta three weeks ago approved a NT$2.57 billion investment to purchase buildings and land in Tao-
yuan’s Jhongli District (中壢) next to another plot of land it purchased last year for NT$2.1 billion.
Since last year, the company has divided investment equally between constructing new plants at Central Taiwan Science Park (中部科學園區) and Southern Taiwan Science Park (南部科學園區), as it is among the Taiwanese firms relocating production sites from China due to the US-China trade dispute.
Delta is boosting production in Thailand through the recent acquisition of a 63.78 percent stake in Delta Electronics (Thailand) PCL (泰達電) and is also looking to expand to India, it said.
In a recent interview with Bloomberg, Delta chief executive officer Cheng Ping (鄭平) said that the company plans to build three or four plants in India, with products manufactured there to be mainly for that market.
The plants in India would be managed by Delta Electronics (Thailand), Shih said.
At an investors’ conference on April 30, Delta chairman Yancey Hai (海英俊) said that the company would keep 80 percent of its production capacity in China, as it remains one of the world’s biggest markets.
The company reported cumulative revenue of NT$77.53 billion in the first four months, up 12.13 percent from NT$69.14 billion in the same period last year.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed. The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said. Apartments with one bedroom that are two years old or older have gained a noticeable presence in the nation’s six special municipalities as well as Hsinchu county and city in the past five years, Evertrust Rehouse Co (永慶房產集團) found, citing data from the government’s real-price transaction platform. In Taipei, apartments with one bedroom accounted for 19 percent of deals last
RECORD-BREAKING: TSMC’s net profit last quarter beat market expectations by expanding 8.9% and it was the best first-quarter profit in the chipmaker’s history Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand. The chipmaker expects the growth momentum to continue in the next five years with an annual compound growth rate of 50 percent, TSMC chief executive officer C.C. Wei (魏哲家) told investors yesterday. By 2028, AI chips’ contribution to revenue would climb to about 20 percent from a percentage in the low teens, Wei said. “Almost all the AI innovators are working with TSMC to address the