Taiwanese companies returning to the nation have pledged up to NT$703.4 billion (US$23.06 billion) in investments, the Ministry of Economic Affairs said yesterday, as it approved another two firms’ applications to take part in a government incentive program.
New Taipei City-based lastic flooring supplier M.J. International Co Ltd (美喆) has decided to invest about NT$2.6 billion to set up a stone plastic composite floorings plant in the Tainan Technology Industrial Park (台南科技工業區), the ministry said.
The new plant would implement environmentally friendly manufacturing and smart production processes, and would create 245 job opportunities, it said.
An unspecified test fixture firm — which serves companies such as Advanced Micro Devices Inc, Siliconware Precision Industries Co (矽品精密), ASE Technology Holding Co (日月光投資控股) and King Yuan Electronics Co (京元電子) — plans to invest more than NT$3 billion to set up a smart production plant in Kaohsiung’s Nantze Export Processing Zone (楠梓加工出口區), the ministry said.
The company’s customers had requested the investment, which comes amid rising demand from semiconductor firms, the ministry said, adding that it would create 145 jobs.
In related news, the ministry has also approved applications by Hsiner Co Ltd (新廣業), Intai Technology Corp (鐿鈦科技) and Tong Hsing Electronic Industries Ltd (同欣電子) to join in a separate government program that is also aimed at boosting investment and generating jobs in Taiwan.
Taichung-based Hsiner, a liquid silicone products manufacturer, is to invest NT$750 million to establish a new plant in the Central Taiwan Science Park (中部科學園區) and add a smart production line for oxygen therapy humidifiers, the ministry said.
The plant would create 100 job opportunities, it said.
Intai, a Taichung-based precision hardware manufacturer, is also to invest NT$1.5 billion in the science park to introduce automated production lines at its existing plant, the ministry said.
New Taipei City-based Tong Hsing, which provides micro module assembly and thick-film/thin-film substrate foundry services, is to invest more than NT$9.7 billion to expand its plant in Taoyuan’s Bade District (八德) and add new production lines at its plant in Longtan District (龍潭), the ministry added.
The company would offer up to 588 job opportunities, it said.
Companies participating in this program have pledged NT$66.1 billion in investments, which would create up to 4,630 job opportunities, the ministry said.
‘ACCORDING TO PLAN’: A company official said that it has set up production sites worldwide to provide services and that its Wisconsin project was going smoothly Hon Hai Precision Industry Co’s (鴻海精密) smart manufacturing center in Wisconsin would begin trial manufacturing in the middle of this year, the company said yesterday, adding that it plans to build a research institute to develop key technologies to support growth over the next five years. Hon Hai, known internationally as Foxconn Technology Group (富士康科技集團), said in an annual report submitted to the Taiwan Stock Exchange that its planned Foxconn Institute for Research in Science and Technology would conduct research into artificial intelligence, next-generation communications, quantum computing, cybersecurity and nano semiconductors in Taiwan. Hon Hai is to make products at the center
STAYING AHEAD: Fitch said that TSMC remains technologically ahead of others, but Samsung is building a new chip fab, while China is investing in its domestic industry As escalating US-China tensions and COVID-19-related production disruptions force US technology supply chains to transform, Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) US$12 billion chip fabrication plant in Arizona would be key to spurring greater US production of core semiconductor components, Fitch Ratings said. “We view the US-TSMC alliance as a first step in building a more autonomous US technology supply chain, given high barriers to entry, specifically related to the significant capital and design capability required for leading-edge semiconductor manufacturing,” Fitch said in a statement on Tuesday. “By working with TSMC, US chipmakers will not face the financial burden of incremental investment
E Ink Holdings Inc (元太科技), the world’s sole supplier of e-paper displays for e-readers and shelf labels, posted its best quarterly net profit for the first quarter in nine years amid increased demand during a traditionally slow season. Net profit soared 80 percent to NT$787 million (US$26.23 million) in the quarter ended March 31, compared with NT$438 million a year earlier. That translated into earnings per share of NT$0.69, up from NT$0.39. E Ink posted lower royalty income of NT$371.23 million last quarter from NT$448.74 million a year earlier, a company financial statement showed. E Ink said that it expects royalty income to
DIVERSIFICATION: Although COVID-19 would push more companies to produce in emerging markets, DBS said that it was unlikely that firms would totally leave China Geopolitical tensions and supply disruptions are expected to accelerate the migration of manufacturing out of China, as concerns about the risk of production concentrated in one country increase, S&P Global Ratings said. Although its economic expansion might be weaker than previous levels due to the accelerated relocation of manufacturing, China’s economic growth would still be stronger than that of most other economies, the ratings agency said. “While absolute growth rates will moderate, we believe China’s economic performance will continue to be a key sovereign credit support,” S&P Global Ratings credit analyst Tan Kim Eng (陳錦榮) said in a statement on Thursday. “Its growth