The Ministry of Economic Affairs on Friday approved another six small and medium-sized enterprises (SME) joining a government program aimed at encouraging investment in Taiwan.
Vending machines manufacturer Gold Rain Enterprises Corp (金雨企業), which supplies companies including Uni-President Enterprises Corp (統一企業), Hey Song Corp (黑松) and US slot machine maker International Game Technology (IGT), plans to invest more than NT$300 million (US$9.55 million) by adding a smart production line at its existing plant in Changhua County and setting up a research and development center in Taichung.
Proxene Tools Co (伯鑫工具), which specializes in adjustable wrenches for industrial and professional use, plans to invest more than NT$800 million by establishing a new smart production plant in Taichung’s Shengang District (神岡) to meet market demand and improve production efficiency.
Proxene’s investment is to provide 21 job opportunities, the ministry said.
Techplasma Technology Co (美上鎂科技), which acquired technology from Germany-based AHC Oberflachentechnik GmbH to perform industrial surface treatment of metals, plans to invest more than NT$1.5 billion by setting up a new plant in Nantou County’s Nangang Industrial Park (南崗工業區) to implement environmentally friendly procedures in its production.
The company would offer an estimated 27 jobs, the ministry said.
Arden Precision Technology Co (高偉精密), which specializes in the production of routing tools for wood, plastic, composite materials and metals, plans to invest more than NT$400 million by adding an automated production line and purchasing automated machinery equipment at its plant in Taichung’s Refined Mechanics Industrial Park (台中精密機械科技園區).
The company is to recruit about 26 local professionals, the ministry said.
The total investments in Taiwan pledged by Taiwanese firms with overseas operations is forecast to surpass NT$600 billion this month, the ministry said on Saturday.
So far this year, 123 Taiwanese firms with overseas operations have announced plans to invest in Taiwan, bringing in about NT$568.2 billion in total, while more than 30 more firms have filed applications to enroll in the program, the ministry said.
Taiwan’s rapidly aging population is fueling a sharp increase in homes occupied solely by elderly people, a trend that is reshaping the nation’s housing market and social fabric, real-estate brokers said yesterday. About 850,000 residences were occupied by elderly people in the first quarter, including 655,000 that housed only one resident, the Ministry of the Interior said. The figures have nearly doubled from a decade earlier, Great Home Realty Co (大家房屋) said, as people aged 65 and older now make up 20.8 percent of the population. “The so-called silver tsunami represents more than just a demographic shift — it could fundamentally redefine the
The US government on Wednesday sanctioned more than two dozen companies in China, Turkey and the United Arab Emirates, including offshoots of a US chip firm, accusing the businesses of providing illicit support to Iran’s military or proxies. The US Department of Commerce included two subsidiaries of US-based chip distributor Arrow Electronics Inc (艾睿電子) on its so-called entity list published on the federal register for facilitating purchases by Iran’s proxies of US tech. Arrow spokesman John Hourigan said that the subsidiaries have been operating in full compliance with US export control regulations and his company is discussing with the US Bureau of
Businesses across the global semiconductor supply chain are bracing themselves for disruptions from an escalating trade war, after China imposed curbs on rare earth mineral exports and the US responded with additional tariffs and restrictions on software sales to the Asian nation. China’s restrictions, the most targeted move yet to limit supplies of rare earth materials, represent the first major attempt by Beijing to exercise long-arm jurisdiction over foreign companies to target the semiconductor industry, threatening to stall the chips powering the artificial intelligence (AI) boom. They prompted US President Donald Trump on Friday to announce that he would impose an additional
China Airlines Ltd (CAL, 中華航空) said it expects peak season effects in the fourth quarter to continue to boost demand for passenger flights and cargo services, after reporting its second-highest-ever September sales on Monday. The carrier said it posted NT$15.88 billion (US$517 million) in consolidated sales last month, trailing only September last year’s NT$16.01 billion. Last month, CAL generated NT$8.77 billion from its passenger flights and NT$5.37 billion from cargo services, it said. In the first nine months of this year, the carrier posted NT$154.93 billion in cumulative sales, up 2.62 percent from a year earlier, marking the second-highest level for the January-September
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