Investment by small and medium-sized enterprises (SME) has totaled NT$34.4 billion (US$1.13 billion) since a government program to help firms cope with the US-China trade dispute was launched in July, the Ministry of Economic Affairs said yesterday after it approved six companies’ applications for a combined investment of NT$1.5 billion.
Ua Wood Floors Inc (誌懋), a Yunlin County-based company which has provided wood flooring for prestigious buildings including the Pentagon and the Burj Khalifa in Dubai, United Arab Emirates, is to invest NT$200 million setting up a stone plastic composite floor manufacturing facility in the Chiayi Machouhou Industrial Park (嘉義馬稠後產業園區) which is to create 55 job opportunities, the ministry said.
Hosiery maker Chiun Jiun Enterprise Co Ltd (群竣實業) is to invest more than NT$80 million establishing a smart production facility in Changhua County’s Hosiery Industrial Park (彰化社頭織襪產業園區), the ministry said, adding that the company would create 13 job opportunities.
Built-in Precision Machine Co (妙印精機), which specializes in professional screen printing machines for the optoelectronic and printed circuit board industries, is to invest more than NT$200 million in a smart production facility in the Taichung Wufeng Industrial Park (臺中霧峰工業區) as the company looks to expand its capacity due to increasing market demand.
The firm also plans to set up a research-and-development center focused on artificial intelligence technologies, the ministry said, adding that 28 job opportunities are expected to be created.
Buffalo Machinery Co (達佛羅), which operates the brands Microcut and Axile that ensure high energy efficiency and high productivity of machinery equipment, is to invest more than NT$400 million in Taichung’s Daya District (大雅) setting up a five-axis machine tool facility.
The company is to create 74 job opportunities, the ministry said.
Taichung-based Hong Ming Casting Co (宏名鑄造) plans to invest NT$300 million setting up a new plant and installing a high-frequency induction furnace in Miaoli County’s Sanyi Township (三義).
Hong Ming plans to install smart machinery in the plant which would create 46 job opportunities, it said.
Hand tool manufacturer Rungsee Industry Co (龍熙企業) is to invest more than NT$100 million expanding its plant in the Taichung Dali Industrial Park (臺中大里工業區) by adding smart production lines and replacing equipment, it said, adding that the company would create 10 job opportunities.
The six companies would also receive assistance in areas such as financing, taxes and securing resources, including land, water and electricity, the ministry said.
The Executive Yuan is to increase the program’s budget from NT$20 billion to NT$100 billion, it said earlier this week.
‘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
TV and online retailer Momo.com Inc (富邦媒體) yesterday said it has set up a new logistics subsidiary, Fu Sheng Logistics Co (富昇物流), to oversee the company’s extensive shipping operations. Leveraging Momo’s 23 satellite warehouses and distribution centers nationwide, Fu Sheng will be in charge of executing the retailer’s same-day shipment plan for deliveries in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung, Momo said in a press release. Seeking to further shorten its supply chain, the company is to set up another seven satellite warehouses and distribution centers by the end of the year. “Fu Sheng has a fleet of 200 couriers
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
The latest US government action against Huawei Technologies Co (華為) takes direct aim the company’s HiSilicon (海思) chip division — a business that in over the past few years has become central to China’s ambitions in semiconductor technology, but is now to lose access to tools that are central to its success. That could make it the most damaging measure by the US yet against a Chinese company. On Wednesday, US officials told reporters that the Huawei’s chip division functioned as a “tool of strategic influence” for the Chinese Communist Party. Huawei, for its part, denounced the US allegations and called the