The government, after giving four new projects a green light, has secured NT$854.7 billion (US$28.48 billion) in pledged investments from local firms through three government subsidy programs, the Ministry of Economic Affairs said yesterday.
The four companies plan to invest as much as NT$2.7 billion at home, the ministry said, adding that it has yet to review applications from about 90 companies seeking to participate in the subsidy programs.
Automotive lighting module maker Laster Tech Co Ltd (麗清科技) plans to invest NT$800 million to set up a smart production facility in Taoyuan City’s Guanyin Industrial Park (桃園觀音工業區) so that it can meet the requirements of customers seeking to avoid US tariffs on China-made products.
Laster aims to install automated equipment in the plant to produce controllers for vehicle headlights, the ministry said, adding that the investment would generate 142 job opportunities.
Optical lens and components maker Kinko Optical Co Ltd (今國光學), which counts Japanese firms Canon Inc, Nikon Corp, Sony Corp and Tamron Co Ltd among its end customers, aims to invest more than NT$600 million to expand its existing plant in Taichung City’s Wuqi District (梧棲), as it seeks to minimize the impact of US tariffs on its business.
The firm plans to expand its capacity to produce high-precision optical modules, while lowering module production costs, the ministry said.
Under a separate program launched last year, the ministry has approved the applications of Anderson Industrial Corp (恩德科技) and Chi Deh Crane Engineering Co Ltd (啟德機械).
Facing capacity saturation at its existing production facilities, Anderson, a computer numerical control machinery manufacturer, aims to invest more than NT$400 million to set up new plants in Miaoli County’s Houlong Township (後龍) and Taichung’s Wuci District (梧棲).
The investment would generate 42 jobs, the ministry said.
Chi Deh, a high-precision machinery transportation and installation specialist, plans to invest more than NT$800 million to purchase smart equipment for its plant in Taichung’s Qingshui District (清水) to expand production capacity.
The company needs to expand local capacity as most of its customers move production back to Taiwan, the ministry said, adding that the company also seeks to import German-made cranes to upgrade its services.
Chi Deh’s clients include flat-panel makers AU Optronics Corp (AUO, 友達光電) and Innolux Corp (群創), as well as memorychip maker Micron Technology Inc and China Steel Corp (CSC, 中鋼).
NO VIRUS BLUES: A SEMI Taiwan official said that the virus does not slow down the global semiconductor industry’s investment in manufacturing equipment The production value of the nation’s semiconductor industry is expected to grow 16.7 percent this year from last year, outpacing the global industry’s 3.3 percent growth, industry association SEMI said yesterday. That would help Taiwan safeguard its second spot in the global semiconductor market with a production value of more than NT$3 trillion (US$102.73 billion), SEMI Taiwan president Terry Tsao (曹世綸) told a media briefing in Taipei for the Semicon Taiwan trade show beginning today. The global semiconductor industry’s production value is expected to increase to US$426 billion this year, SEMI said. In terms of semiconductor equipment investment, equipment billings from Taiwanese firms
Intel Corp has received licenses from US authorities to continue supplying certain products to Huawei Technologies Co (華為), a company spokesman said yesterday. Washington has been pushing governments around to world to squeeze out Huawei, saying that the telecom giant would hand data to Beijing for espionage. From Monday last week, new curbs have barred US companies from supplying or servicing Huawei. This week, the state-backed China Securities Journal reported that Intel had received permission to supply Huawei. China’s Semiconductor Manufacturing International Corp (SMIC, 中芯國際), which uses US-origin equipment to make chips for Huawei and other companies, last week confirmed that it had sought
INVEST IN TAIWAN: A metal components casting firm and the world’s largest maker of aluminum bicycle rims also obtained approvals to join the program Solar Applied Materials Technology Co (SOLAR, 光洋應用材料), a part of Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) “green supply chain,” has pledged to invest NT$1 billion (US$34.1 million) to build a new plant at the Tainan Technology Industrial Park (台南科技工業區), the Ministry of Economic Affairs said yesterday. SOLAR has been collaborating with TSMC to extract precious metals from waste and reuse them as “sputtering target” material in high-end semiconductor manufacturing, a TSMC press release issued in May said. Established in 1978, SOLAR also offers key materials and integrated services to customers in the optoelectronics, information and communications technology, petrochemicals and consumer electronics industries,
‘SWARM TECH’: Joint venture FARobot is to develop autonomous mobile robots that would first be deployed in Hon Hai’s factories to optimize production efficiency Hon Hai Precision Industry Co (鴻海精密) and Adlink Technology Inc (凌華科技) have formed a robotic venture that aims to use “swarm technology” to create robots that can communicate with one another on the factory floor to optimize production efficiency. Hon Hai is Apple Inc’s leading iPhone assembler and the world’s largest contract electronics maker, while Adlink supplies industrial computers and Internet of Things solutions. Through a subsidiary, Hyield Venture Capital Co (鴻揚創投), Hon Hai holds a 51 percent stake in autonomous mobile robot (AMR) developer FARobot (法博智能移動), while Adlink owns the remaining 49 percent. Together, the two companies put up NT$200