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.
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
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