Leading kitchen appliance and water heater supplier Taiwan Sakura Corp (台灣櫻花) is to invest NT$1.3 billion (US$41.56 million) in Taiwan, the Ministry of Economic Affairs said yesterday as it approved the firm’s application along with five others to invest back home.
Taiwan Sakura, which operates three manufacturing facilities in Taichung’s Shengang (神岡), Daya (大雅) and Wufeng (霧峰) districts, said earlier this year that it would set up another plant in Wufeng to handle rising demand.
The company’s investment plans show that Taiwan Sakura is to renew machinery equipment and introduce automated production systems at its Shengang and Daya plants, the ministry said, adding that the investment is expected to provide about 30 job opportunities.
Tire maker Federal Corp (泰豐輪胎) plans to invest NT$3.2 billion as it aims to relocate its Chinese production to Taiwan by setting up a plant at the Taoyuan High-Tech Industrial Park (桃園科技工業園區), which is expected to provide about 258 new jobs, the ministry said.
TSRC Corp (台橡) is to expand its production line of high-end shoe materials at its plant in Kaohsiung’s Gangshan District (岡山).
Cosmetics company Luo Lih-Fen Holding Co (羅麗芬控股) is to invest NT$1.4 billion in a plant and a laboratory in New Taipei City through its biotech unit in cooperation with Tzu Chi Hospital, the ministry said.
Sysgration Ltd (系統電子), which provides industrial Internet of Things solutions, automotive electronics and energy storage systems, plans to add an automated production line at its plant at the Nantou Nangang Industrial Park (南投南崗工業區) to reduce costs, as the company ships 92 percent of its China-made products to the US, the ministry said.
The company plans to invest NT$400 million and provide up to 400 job opportunities, the ministry said.
P-Duke Technology Co (博大科技), which specializes in the production and sales of DC/DC converters and related products, plans to invest more than NT$1.2 billion by setting up a new plant at the Taichung Industrial Park (台中工業區) and recruiting 230 people, the ministry said.
Since the program was launched at the start of this year, a combined NT$576.7 billion in investments from 129 companies has been approved, providing up to 50,609 job opportunities, the ministry said.
The government yesterday approved applications by Alphabet Inc’s Google to invest NT$27.08 billion (US$859.98 million) in Taiwan, the Ministry of Economic Affairs said in a statement. The Department of Investment Review approved two investments proposed by Google, with much of the funds to be used for data processing and electronic information supply services, as well as inventory procurement businesses in the semiconductor field, the ministry said. It marks the second consecutive year that Google has applied to increase its investment in Taiwan. Google plans to infuse NT$25.34 billion into Charter Investments Ltd (特許投資顧問) through its Singapore-based subsidiary Fructan Holdings Singapore Pte Ltd, and
Micron Technology Inc is a driving force pushing the US Congress to pass legislation that would put new export restrictions on equipment its Chinese competitors use to make their chips, according to people familiar with the matter. A US House of Representatives panel yesterday was to vote on the “MATCH Act,” a bill designed to close gaps in restrictions on chipmaking equipment. It would also pressure foreign companies that sell equipment to Chinese chipmaking facilities to align with export curbs on US companies like Lam Research Corp and Applied Materials Inc. The bill targets facilities operated by China’s ChangXin Memory Technologies Inc
Singapore-based ride-hailing and delivery giant Grab Holdings’ planned acquisition of Foodpanda’s Taiwan operations has yet to enter the formal review stage, as regulators await supplementary documents, the Fair Trade Commission (FTC) said yesterday. Acting FTC Chairman Chen Chih-min (陳志民) told the legislature’s Economics Committee that although Grab submitted its application on March 27, the case has not been officially accepted because required materials remain incomplete. Once the filing is finalized, the FTC would launch a formal probe into the deal, focusing on issues such as cross-shareholding and potential restrictions on market competition, Chen told lawmakers. Grab last month announced that it would acquire
SECOND-RATE: Models distilled from US products do not perform the same as the original and undo measures that ensure the systems are neutral, the US’ cable said The US Department of State has ordered a global push to bring attention to what it said are widespread efforts by Chinese companies, including artificial intelligence (AI) start-up DeepSeek (深度求索), to steal intellectual property from US AI labs, according to a diplomatic cable. The cable, dated Friday and sent to diplomatic and consular posts around the world, instructs diplomatic staff to speak to their foreign counterparts about “concerns over adversaries’ extraction and distillation of US AI models.” Distillation is the process of training smaller AI models using output from larger, more expensive ones to lower the costs of training a powerful new
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