The Investment Commission approved Taiwan’s outward investment of US$850 million in Vietnam in the first 11 months of last year, accounting for nearly 40 percent of all outward investment in ASEAN, with 54.1 percent of the investment in the manufacturing sector, the Ministry of Economic Affairs said on Monday.
Taiwan’s investment in the electronic components, computer, electronics and optical product manufacturing industries accounted for 22.1 percent of the total investment in Vietnam, compared with only 3.3 percent in all of 2018, as the US-China trade dispute forced companies in high-tech industries to reorganize their supply chains to avoid hefty US tariffs on products made in China, the ministry said.
Taiwan’s major investments in Vietnam over the past few years have been in the traditional textile, base metal and chemical industries, but Vietnam’s fast-growing domestic market spurred Taiwanese firms to increase investment in the solar power and real-estate sectors by 31.8 percent during the first 11 months of last year, compared with the whole of 2018.
Vietnam has become one of the most popular destinations for Taiwanese investors, as it is one of the countries covered by the New Southbound Policy, which aims to promote exchanges with ASEAN, member countries, as well as Australia, Bangladesh, Bhutan, India, Nepal, Pakistan, Sri Lanka and New Australia, to reduce the country’s economic reliance on China.
As a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership, Vietnam has seen an increase in foreign direct investment (FDI) in the past few years.
For the first 11 months of last year, FDI from Taiwan to Vietnam totaled US$1.53 billion, accounting for 4.8 percent of its total FDI, up 1.8 percentage points from all of 2018, Vietnamese Foreign Investment Agency statistics showed.
Taiwan was the fifth-largest foreign investor in Vietnam, the statistics showed.
Vietnam attracted US$31.8 billion in FDI in the first 11 months of last year, up 3 percent year-on-year, the agency said.
Among the 117 countries and territories investing in Vietnam, Hong Kong and China were the largest with US$10.26 billion, making up 32.3 percent of the total during the 11-month period, followed by South Korea with US$5.73 billion (18 percent) and Singapore with US$4.47 billion (14 percent).
Taiwan’s exports to Vietnam during the 11-month period totaled US$9.85 billion, up 0.3 percent year-on-year.
With the signing of a new bilateral investment agreement last month, Taiwan’s investment in the Southeast Asian country is expected to increase more, the ministry said.
With this year’s Semicon Taiwan trade show set to kick off on Wednesday, market attention has turned to the mass production of advanced packaging technologies and capacity expansion in Taiwan and the US. With traditional scaling reaching physical limits, heterogeneous integration and packaging technologies have emerged as key solutions. Surging demand for artificial intelligence (AI), high-performance computing (HPC) and high-bandwidth memory (HBM) chips has put technologies such as chip-on-wafer-on-substrate (CoWoS), integrated fan-out (InFO), system on integrated chips (SoIC), 3D IC and fan-out panel-level packaging (FOPLP) at the center of semiconductor innovation, making them a major focus at this year’s trade show, according
SEMICONDUCTOR SERVICES: A company executive said that Taiwanese firms must think about how to participate in global supply chains and lift their competitiveness Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it expects to launch its first multifunctional service center in Pingtung County in the middle of 2027, in a bid to foster a resilient high-tech facility construction ecosystem. TSMC broached the idea of creating a center two or three years ago when it started building new manufacturing capacity in the US and Japan, the company said. The center, dubbed an “ecosystem park,” would assist local manufacturing facility construction partners to upgrade their capabilities and secure more deals from other global chipmakers such as Intel Corp, Micron Technology Inc and Infineon Technologies AG, TSMC said. It
DEBUT: The trade show is to feature 17 national pavilions, a new high for the event, including from Canada, Costa Rica, Lithuania, Sweden and Vietnam for the first time The Semicon Taiwan trade show, which opens on Wednesday, is expected to see a new high in the number of exhibitors and visitors from around the world, said its organizer, SEMI, which has described the annual event as the “Olympics of the semiconductor industry.” SEMI, which represents companies in the electronics manufacturing and design supply chain, and touts the annual exhibition as the most influential semiconductor trade show in the world, said more than 1,200 enterprises from 56 countries are to showcase their innovations across more than 4,100 booths, and that the event could attract 100,000 visitors. This year’s event features 17
EXPORT GROWTH: The AI boom has shortened chip cycles to just one year, putting pressure on chipmakers to accelerate development and expand packaging capacity Developing a localized supply chain for advanced packaging equipment is critical for keeping pace with customers’ increasingly shrinking time-to-market cycles for new artificial intelligence (AI) chips, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said yesterday. Spurred on by the AI revolution, customers are accelerating product upgrades to nearly every year, compared with the two to three-year development cadence in the past, TSMC vice president of advanced packaging technology and service Jun He (何軍) said at a 3D IC Global Summit organized by SEMI in Taipei. These shortened cycles put heavy pressure on chipmakers, as the entire process — from chip design to mass
RSS