Contract electronics manufacturer Inventec Corp (英業達) is to invest NT$4.8 billion (US$156.93 million) to expand local production facilities, the Ministry of Economic Affairs said yesterday as it approved the firm’s application to join a government plan to boost investments in Taiwan.
The news came after Inventec president Maurice Wu (巫永財) told investors last month that the company is planning to shift all of its operations to produce US-bound laptops to Taiwan to avoid US tariffs on Chinese-made goods.
The Taipei-headquartered Inventec is relocating some of its production lines from Chongqing in China’s Sichuan Province to a manufacturing site in Taoyuan’s Dasi District (大溪).
At the same time, Inventec also plans to move some of its server production lines from Shanghai to its Gueishan District (龜山) plant in Taoyuan, the ministry said, adding that the company’s latest investment would create up to 1,526 jobs.
The ministry also approved precision metal ball manufacturer Tan Kong Precision Tech Co’s (天工精密) application to invest NT$1.7 billion in a new plant at the Central Taiwan Science Park (中部科學園區) to expand its production capacity in Taiwan.
Through the investment, Tan Kong aims to develop smart production systems solutions and incorporate ceramic materials into its production process, the ministry said.
Since January, Taiwanese companies returning to Taiwan have pledged a total of NT$622.3 billion in investments, which are expected to create 54,889 jobs, the ministry said.
In related news, the ministry approved three companies’ applications, worth NT$12.2 billion in combined investments, to participate in a separate government program.
Hiwin Mikrosystem Corp (大銀微系統), which makes components and system for linear motion and positioning controls, plans to invest more than NT$4.3 billion to expand its plant at the Fengshan Industrial Park (鳳山工業區) in Hsinchu County and establish a new plant at the Yunlin Technology Industrial Park (雲林科技工業區), the ministry said.
The new facility would produce alternating current servo motors and would be completed next month, Hiwin Mikrosystem executive vice president Yu Kai-sheng (游凱勝) told a news conference last month.
The investment is expected to create 157 jobs, the ministry said.
APEX Dynamics Inc (台灣精銳科技), which specializes in high-precision planetary gearboxes for servo motors, plans to invest NT$3 billion to expand its plant at the Central Taiwan Science Park, the ministry said.
The company exports more than 90 percent of its products, with major brand customers including Apple Inc, Royal Philips NV, Samsung Electronics Co, AU Optronics Corp (友達光電) and Innolux Corp (群創光電).
An unnamed optoelectronics manufacturer plans to invest NT$4.8 billion to set up a production facility at the Central Taiwan Industrial Park, which would create about 300 jobs, the ministry added.
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PRECEDENTED TIMES: In news that surely does not shock, AI and tech exports drove a banner for exports last year as Taiwan’s economic growth experienced a flood tide Taiwan’s exports delivered a blockbuster finish to last year with last month’s shipments rising at the second-highest pace on record as demand for artificial intelligence (AI) hardware and advanced computing remained strong, the Ministry of Finance said yesterday. Exports surged 43.4 percent from a year earlier to US$62.48 billion last month, extending growth to 26 consecutive months. Imports climbed 14.9 percent to US$43.04 billion, the second-highest monthly level historically, resulting in a trade surplus of US$19.43 billion — more than double that of the year before. Department of Statistics Director-General Beatrice Tsai (蔡美娜) described the performance as “surprisingly outstanding,” forecasting export growth
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