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.
SUPPLY HICCUPS: Poor manufacturing yields at Apple’s overseas suppliers have caused at least one maker of its new MiniLED displays to pause production, sources said The next-generation display destined to be a highlight of Apple Inc’s upcoming top-tier iPad Pro is facing production issues that could lead to short initial supplies of the new device, people familiar with the matter said. The Cupertino, California-based tech giant plans to showcase a new MiniLED display technology in the 12.9-inch iPad Pro set to be announced as early as the second half of this month. However, the firm’s overseas suppliers are dealing with poor manufacturing yields, the people who asked not to be named discussing sensitive matters said. At least one of the MiniLED makers has had to pause production as
END OF AN ERA: The Boeing 747-400 jumbo jets have served the airline well, but new-generation aircraft are more fuel-efficient, CAL chairman Hsieh Shih-chien said China Airlines Ltd (CAL, 華航) yesterday bid farewell to its last four Boeing 747-400 planes, ending the era of the “Queen of the Skies” at the airline. CAL has since 1975 operated a total of 29 747 series aircraft manufactured by Boeing Co. In 1990, it started receiving delivery of 19 747-400 jumbo jets, with the last one, the B-18215, delivered in 2005, it said. The B-18215 was the last of the passenger model produced by Boeing, making the 16-year-old aircraft the world’s youngest 747-400, CAL chairman Hsieh Shih-chien (謝世謙) told an event to bid farewell to the planes at Taiwan Taoyuan
Several hundred people have already booked their tickets and begun training for a spectacular voyage: a few minutes, or perhaps days, in the weightlessness of space. The mainly wealthy first-time space travelers are preparing to take part in one of several private missions which are preparing to launch. The era of space tourism is on the horizon 60 years after Soviet cosmonaut Yuri Gagarin became the first person in space. Two companies, Virgin Galactic and Blue Origin LLC, are building spacecraft capable of sending private clients on suborbital flights to the edge of space lasting several minutes. Glenn King is the director of
DIVERSE SUPPLY: TSMC chairman Mark Liu said the firm’s US$12 billion investment in Arizona would succeed with continued bipartisan support from the US Congress Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, on Monday took part in a virtual White House summit about a global semiconductor shortage and Washington’s plans to strengthen US supply chains. The Hsinchu-based company was among 19 firms, including fellow chipmakers Samsung Electronics Co, GlobalFoundries Inc and Intel Corp, that attended the summit hosted by US National Security Adviser Jake Sullivan, US National Economic Council Director Brian Deese and US Secretary of Commerce Gina Raimondo. US President Joe Biden told executives in the meeting that there is bipartisan support in the US Congress for efforts to strengthen the US
RSS