Inward foreign direct investment (FDI) approved by the Taiwanese government in the first quarter of this year amounted to US$1.19 billion, a decrease of 21.19 percent compared with the same period last year, a report released yesterday by the Ministry of Economic Affairs said.
During the first three months of this year, approved outward FDI posted a year-on-year increase of 129.1 percent to reach US$1.16 billion, data by the ministry’s Investment Commission showed.
Last month alone, approved inward FDI amounted to US$427 million, while outward FDI totaled US$437 million.
Data from the Financial Supervisory Commission’s Securities and Futures Bureau showed that in the first quarter of this year, new securities issued overseas by Taiwan-based listed companies amounted to US$318 million, while foreign investors remitted a net US$15.98 billion into Taiwan for investment in the stock market.
In terms of China-bound investment, 184 projects worth a total of US$1.98 billion were approved by the commission in the first quarter of this year.
The amount, which represented a decline of 4.61 percent year-on-year, was established at US$832 million for last month.
During the three months to March, Taiwanese businesses registered 74 new China-bound investment projects worth no more than US$200,000, with a total value of US$9.23 million.
Of the investment approved in the first quarter, 32.4 percent were intended for Jiangsu Province, 17.84 percent for Shanghai, 13.68 percent for Guangdong Province, 10.48 percent for Fujian Province and 7.79 percent for Zhejiang Province.
By industry, 14.3 percent of the approved investments were for electronic part and component manufacturing, 11.81 percent for base metal manufacturing, 10.96 percent for computer manufacturing, electronics and optical products, 8.92 percent for power equipment manufacturing and 8.32 percent for machinery manufacturing.
Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) came under pressure yesterday after a report that Apple Inc is looking to shift some orders from the Taiwanese company to Intel Corp. TSMC shares fell NT$55, or 2.4 percent, to close at NT$2,235 on the local main board, Taiwan Stock Exchange data showed. Despite the losses, TSMC is expected to continue to benefit from sound fundamentals, as it maintains a lead over its peers in high-end process development, analysts said. “The selling was a knee-jerk reaction to an Intel-Apple report over the weekend,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to remain Apple Inc’s primary chip manufacturing partner despite reports that Apple could shift some orders to Intel Corp, industry experts said yesterday. The comments came after The Wall Street Journal reported on Friday that Apple and Intel had reached a preliminary agreement following more than a year of negotiations for Intel to manufacture some chips for Apple devices. Taiwan Institute of Economic Research (台灣經濟研究院) economist Arisa Liu (劉佩真) said TSMC’s advanced packaging technologies, including integrated fan-out and chip-on-wafer-on-substrate, remain critical to the performance of Apple’s A-series and M-series chips. She said Intel and Samsung
TRANSITION: With the closure, the company would reorganize its Taiwanese unit to a sales and service-focused model, Bridgestone said Bridgestone Corp yesterday announced it would cease manufacturing operations at its tire plant in Hsinchu County’s Hukou Township (湖口), affecting more than 500 workers. Bridgestone Taiwan Co (台灣普利司通) said in a statement that the decision was based on the Tokyo-based tire maker’s adjustments to its global operational strategy and long-term market development considerations. The Taiwanese unit would be reorganized as part of the closure, effective yesterday, and all related production activities would be concluded, the statement said. Under the plan, Bridgestone would continue to deepen its presence in the Taiwanese market, while transitioning to a sales and service-focused business model, it added. The Hsinchu
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has approved a capital budget of US$31.28 billion for production expansion to meet long-term development needs during the artificial intelligence (AI) boom. The company’s board meeting yesterday approved the capital appropriation plan for purposes such as the installation of advanced technology capacity and fab construction, the world’s largest contract chipmaker said in a statement. At an earnings conference last month, TSMC forecast that its capital expenditure for this year would be at the higher end of the US$52 billion to US$56 billion range it forecast in January in response to robust demand for 5G, AI and
RSS