Delta Electronics Inc (台達電) is to invest up to NT$13.2 billion (US$426.4 million) in Taiwan over the next three years in accordance with the global layout strategy of the power and thermal solutions provider.
The investment also demonstrates the company’s efforts to make Taiwan a main research and development (R&D) base, Delta official Johnny Shih (施孟璁) told the Taipei Times by telephone on Thursday.
The company is to recruit up to 1,800 people this year, with the majority being R&D engineering posts, Shih said.
Delta also plans to offer several thousand additional jobs in the next few years, he said, without providing an exact number.
“Delta is to diversify risk by moving investments back to Taiwan in light of the US-China trade war. The company’s latest move also provides an alternative production location for clients who care about information security, while helping increase its research and development capability,” Taishin Securities Investment Advisory Co (台新投顧) said in a note.
Delta three weeks ago approved a NT$2.57 billion investment to purchase buildings and land in Tao-
yuan’s Jhongli District (中壢) next to another plot of land it purchased last year for NT$2.1 billion.
Since last year, the company has divided investment equally between constructing new plants at Central Taiwan Science Park (中部科學園區) and Southern Taiwan Science Park (南部科學園區), as it is among the Taiwanese firms relocating production sites from China due to the US-China trade dispute.
Delta is boosting production in Thailand through the recent acquisition of a 63.78 percent stake in Delta Electronics (Thailand) PCL (泰達電) and is also looking to expand to India, it said.
In a recent interview with Bloomberg, Delta chief executive officer Cheng Ping (鄭平) said that the company plans to build three or four plants in India, with products manufactured there to be mainly for that market.
The plants in India would be managed by Delta Electronics (Thailand), Shih said.
At an investors’ conference on April 30, Delta chairman Yancey Hai (海英俊) said that the company would keep 80 percent of its production capacity in China, as it remains one of the world’s biggest markets.
The company reported cumulative revenue of NT$77.53 billion in the first four months, up 12.13 percent from NT$69.14 billion in the same period last year.
Facebook Inc on Wednesday reported its profit doubled in the second quarter as digital advertising surged, but warned of cooler growth in the months ahead in an update that sent its shares sinking. Profit rose to US$10.4 billion on revenue of US$29 billion, a 56 percent increase from last year, mainly from an increase in ad revenue, Facebook said. The number of people using the social network monthly climbed to 2.9 billion, a year-on-year gain of 7 percent, while about 3.5 billion people used at least one of the company’s apps, including Instagram, WhatsApp and Messenger. “We had a strong quarter, as we
FURTHER TAX MEASURES NEEDED? Corporate owners accounted for almost 30 percent of empty houses, many of which are held by firms that own 10 or more properties The number of unoccupied houses nationwide totaled 876,000 units last year, or 11.94 percent of all houses, the Ministry of the Interior said in a report issued on Thursday. Almost 30 percent of empty houses were owned by companies, suggesting that many corporate property owners engage in house hoarding, the ministry said. Excluding developers and builders, companies still owned 20 percent of empty houses, it said. The report is based on housing units’ electricity use and considers properties that use less than 60 kilowatt-hours per month as unoccupied. The study contradicts Ministry of Finance reports saying that house hoarding subsided and there is no
The Investment Commission has approved a plan by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, to expand production at its plant in Nanjing, China. The plan was approved because the investment would come from the chipmaker’s earnings from the Nanjing plant and would not have an impact on its paid-in capital, the commission said. In addition, TSMC has pledged to invest NT$600 billion (US$21.43 billion) to NT$650 billion in Taiwan to create more jobs over the next three years, and has made efforts to protect intellectual property to prevent confidential business information from being leaked, it said. The
‘No SUPPLY BOTTLENECK’: Shipments would proceed as planned from the facility, which produces processors for a new line of iPhones to be launched next month Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) shipments would not be affected by the contamination of gas used in the manufacturing process at one of its key plants in Tainan, the firm said yesterday. While some TSMC production lines in Tainan’s Southern Taiwan Science Park received gas supplies that were found to be substandard, the chipmaker continued production using gas from other sources, the company said. Local media reported that the contamination was discovered at the world’s largest contract chipmaker’s Fab 18 on Thursday night and that production would be affected during four days of cleanup work. While not confirming that the contamination