Four small and medium-sized enterprises are to invest a combined NT$1.3 billion (US$42.49 million) in the nation, the Ministry of Economic Affairs said yesterday after it approved their applications to take part in a government program that provides various incentives for overseas Taiwanese companies investing at home.
GI DING Technology Co Ltd (佶鼎科技), which provides recycling and hazardous waste treatment services mostly for the electronics industry, plans to invest more than NT$200 million to expand its facility in the Changhua Binhai Industrial Zone (彰濱工業區).
The company is to buy equipment for the recycling of copper and environmentally friendly electricity generators for its facility, which has specialized in the treatment of liquid waste, the ministry said, adding that the company would create 30 job opportunities.
FENG FUH Machinery Co Ltd (楓富機械), which produces automobile parts, electrical tools and mechanical parts, is to set up a plant in Taichung’s Taiping Industrial Park (太平產業園區) to tap the smart manufacturing market.
The company plans to introduce 3D printed technology, Internet of Things equipment and an automated optical inspection system, while adding smart computer numerical control machines, the ministry said.
Sock manufacturer Huan Shen Co Ltd (煥昇實業), which specializes in cooling fabrics, is to invest NT$40 million to expand its production capacity and introduce smart weaving machines to cut its production costs, the ministry said.
PeiLi Pharmaceutical IND Co Ltd. (培力藥品), which develops drugs for chronic illnesses, hormone replacement pills and other medications, is to invest more than NT$500 million setting up a smart production facility and research and development center in the Taichung Industrial Park (台中工業區) as it aims to increase its presence in the US market.
PeiLi expects to create 38 job opportunities, the ministry said.
The program has seen 42 companies invest more than NT$25.2 billion, creating 2,037 jobs, the ministry said.
BUSINESS UPDATE: The iPhone assembler said operations outlook is expected to show quarter-on-quarter and year-on-year growth for the second quarter Hon Hai Precision Industry Co (鴻海精密) yesterday reported strong growth in sales last month, potentially raising expectations for iPhone sales while artificial intelligence (AI)-related business booms. The company, which assembles the majority of Apple Inc’s smartphones, reported a 19.03 percent rise in monthly sales to NT$510.9 billion (US$15.78 billion), from NT$429.22 billion in the same period last year. On a monthly basis, sales rose 14.16 percent, it said. The company in a statement said that last month’s revenue was a record-breaking April performance. Hon Hai, known also as Foxconn Technology Group (富士康科技集團), assembles most iPhones, but the company is diversifying its business to
Apple Inc has been developing a homegrown chip to run artificial intelligence (AI) tools in data centers, although it is unclear if the semiconductor would ever be deployed, the Wall Street Journal reported on Monday. The effort would build on Apple’s previous efforts to make in-house chips, which run in its iPhones, Macs and other devices, according to the Journal, which cited unidentified people familiar with the matter. The server project is code-named ACDC (Apple Chips in Data Center) within the company, aiming to utilize Apple’s expertise in chip design for the company’s server infrastructure, the newspaper said. While this initiative has been
GlobalWafers Co (環球晶圓), the world’s No. 3 silicon wafer supplier, yesterday said that revenue would rise moderately in the second half of this year, driven primarily by robust demand for advanced wafers used in high-bandwidth memory (HBM) chips, a key component of artificial intelligence (AI) technology. “The first quarter is the lowest point of this cycle. The second half will be better than the first for the whole semiconductor industry and for GlobalWafers,” chairwoman Doris Hsu (徐秀蘭) said during an online investors’ conference. “HBM would definitely be the key growth driver in the second half,” Hsu said. “That is our big hope
The consumer price index (CPI) last month eased to 1.95 percent, below the central bank’s 2 percent target, as food and entertainment cost increases decelerated, helped by stable egg prices, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday. The slowdown bucked predictions by policymakers and academics that inflationary pressures would build up following double-digit electricity rate hikes on April 1. “The latest CPI data came after the cost of eating out and rent grew moderately amid mixed international raw material prices,” DGBAS official Tsao Chih-hung (曹志弘) told a news conference in Taipei. The central bank in March raised interest rates by