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.
GlobalWafers Co (環球晶圓), the world’s No. 3 silicon wafer supplier, yesterday said that it is considering further capacity expansion as customers are requesting more capacity due to rising end-market demand and persistent supply constraints. The Hsinchu-based company said that emerging technologies and applications from 5G, artificial intelligence and electric vehicles are driving semiconductor demand. The semiconductor industry has a positive outlook for this year and beyond, with shipments of all diameters of wafers to increase through 2023, GlobalWafers said. “We have received requests for expansion from many strategic partners. We are now in discussions with customers,” company chairwoman Doris Hsu (徐秀蘭) told a
OUTBREAK: About 200 of the airline’s 1,200 pilots are not able to work. Most of them have been quarantined to prevent further infection, but 12 have COVID-19 China Airlines Ltd (CAL,中華航空) yesterday confirmed that it would temporarily reduce its cargo flight services to cope with a pilot shortage, as one-sixth of its pilots have been sidelined by a COVID-19 outbreak. “We are working out a new schedule,” the airline said in a statement after local news media reports on Saturday said that it would be reducing its cargo services from Wednesday, primarily affecting US destinations. CAL declined to give details about its new operating plan, but the reports said that it would be suspending its cargo flights to Dallas Fort Worth International Airport, Hartsfield-Jackson Atlanta International Airport and
XSEMI: The new venture would consolidate the strengths and resources of the two market leaders to secure chip supply and offer clients total solutions, the partners said Hon Hai Precision Industry Co (鴻海精密) and Yageo Corp (國巨) yesterday signed an agreement to form a joint venture called XSemi Corp (國瀚半導體) to develop” small ICs” priced under US$2 per unit, marking the latest effort by Hon Hai to bolster its foothold in the semiconductor market. The collaboration fits into Hon Hai’s plans for expansion by providing a steady supply of small semiconductors, while also serving the global market, the companies said in a joint statement. The new company, to be located in Hsinchu, would “consolidate the strengths and resources of the two market leaders” to provide a “complete semiconductor
German semiconductor producer Infineon Technologies AG on Tuesday said that microchip supply bottlenecks could continue into next year, in a blow to the auto industry. “We predict that the imbalance between supply and demand will continue for a few quarters yet, with the risk that it lasts into 2022,” Infineon chief executive Reinhard Ploss said in a virtual news conference. He added that the “bottlenecks” are a particular problem for the Munich-based company in areas where they do not produce the chips themselves, but buy them from subcontractors to equip microcontrollers for vehicles or smart appliances. The auto industry remains plagued by