Twelve local small and medium-sized enterprises (SMEs) and six overseas Taiwanese businesses yesterday received National Awards for their outstanding performance from the Ministry of Economic Affairs yesterday.
Among the 12 winning SMEs were Sheh Fung Screws Co (世豐螺絲廠公司), Hightech Electronic Products Tech Co (東林科技) and Tung Yu Hydraulic Machinery Co (東繁油壓機械).
During his opening remarks, Minister of Economic Affairs Yiin Chii-ming (尹啟銘) vowed that the government would provide SME credit guarantees of up to NT$6 billion (US$184.2 million) next year while boosting loans to SMEs to NT$300 billion a year, which is equivalent to one-tenth of the nation’s total NT$3 trillion loan balance.
PHOTO: GEORGE TSORNG, TAIPEI TIMES
President Ma Ying-jeou (馬英九) yesterday lauded the resilience of domestic SMEs, which he called a pillar to social stability.
Ma said, that there were 1.24 million SMEs in Taiwan, which account for 98 percent of all businesses here and take up 77 percent of the nation’s labor force.
He also reiterated confidence in the economy, saying the nation’s fundamentals were sound despite the global financial turbulence.
Taiwan has US$250 billion in foreign reserves and more than US$12,000 in GDP per capita, which lags only behind Hong Kong and Singapore in Asia.
The six overseas award-winning companies are Dental Implant Institute (美國拉斯維加植牙醫學中心), Asian Legend Inc (味香村連鎖飲食企業集團), Lightel Technologies Inc (萊特爾科技), Dallas/Fort Worth Technology Inc (美國達福科技), Chiu-Nichi Agro Resources Phil, Inc (綠源農業資源) and Telamon Corp (德利盟).
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
RSS