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.
Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) came under pressure yesterday after a report that Apple Inc is looking to shift some orders from the Taiwanese company to Intel Corp. TSMC shares fell NT$55, or 2.4 percent, to close at NT$2,235 on the local main board, Taiwan Stock Exchange data showed. Despite the losses, TSMC is expected to continue to benefit from sound fundamentals, as it maintains a lead over its peers in high-end process development, analysts said. “The selling was a knee-jerk reaction to an Intel-Apple report over the weekend,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang
TRANSITION: With the closure, the company would reorganize its Taiwanese unit to a sales and service-focused model, Bridgestone said Bridgestone Corp yesterday announced it would cease manufacturing operations at its tire plant in Hsinchu County’s Hukou Township (湖口), affecting more than 500 workers. Bridgestone Taiwan Co (台灣普利司通) said in a statement that the decision was based on the Tokyo-based tire maker’s adjustments to its global operational strategy and long-term market development considerations. The Taiwanese unit would be reorganized as part of the closure, effective yesterday, and all related production activities would be concluded, the statement said. Under the plan, Bridgestone would continue to deepen its presence in the Taiwanese market, while transitioning to a sales and service-focused business model, it added. The Hsinchu
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has approved a capital budget of US$31.28 billion for production expansion to meet long-term development needs during the artificial intelligence (AI) boom. The company’s board meeting yesterday approved the capital appropriation plan for purposes such as the installation of advanced technology capacity and fab construction, the world’s largest contract chipmaker said in a statement. At an earnings conference last month, TSMC forecast that its capital expenditure for this year would be at the higher end of the US$52 billion to US$56 billion range it forecast in January in response to robust demand for 5G, AI and
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) investment project in Arizona has progressed better than expected, but it still faces challenges such as water and labor shortages, National Development Council (NDC) Minister Yeh Chun-hsien (葉俊顯) said yesterday. Speaking with reporters after visiting TSMC’s Arizona hub and attending the SelectUSA Investment Summit in Maryland last week, Yeh said TSMC’s Arizona site turned a profit of NT$16.14 billion (US$514 million) last year in its first full year of mass production. “TSMC told me it was surprised by the smooth trial run of the first fab, which has left the company optimistic about the project’s outlook,”
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