The Ministry of Economic Affairs yesterday said it has approved the largest joint investment project in an export processing zone in the nation.
ASE Technology Holding Co (日月光投資控股), Orient Semiconductor Engineering Inc (華泰電子), Thinking Electronics Industrial Co (興勤電子) and Hung Ching Development & Construction Co (宏璟建設) are to invest more than NT$40.6 billion (US$1.29 billion) and create an estimated 4,200 job opportunities, the ministry’s Export Processing Zone Administration (EPZA) said.
The four companies have chosen to invest at the Nantze Export Processing Zone (楠梓加工出口區) in Kaohsiung due to a renovation program launched last year to free up more land for companies to set up production, the EPZA said in a statement.
Up to 3.47 hectares of land have been freed up from a service center for workers in the export processing zone, a tennis court and a women’s dormitory, the EPZA added.
The companies are to build three plants, creating 200,000m2 of production space and an estimated annual output of NT$24 billion, it said.
A new service center for workers would also be built, as well as an ecological park in an effort to preserve the natural habitat there, the EPZA said.
“This is significant, because there was no [available] land in the past few years,” EPZA vice director of operations management Chao Chien-min (趙建民) told the Taipei Times by telephone.
The land shortage was the main reason constraining growth at the export processing zone, Chao said, dismissing other potential factors such as water and electricity supply.
The EPZA said it is focused on transforming the Nantze Export Processing Zone, which was established in 1969, into an intelligent zone by introducing new industries such as optoelectronics, flat panels, smart manufacturing systems and software.
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Advanced Micro Devices Inc (AMD) suffered its biggest stock decline in more than a month after the company unveiled new artificial intelligence (AI) chips, but did not provide hoped-for information on customers or financial performance. The stock slid 4 percent to US$164.18 on Thursday, the biggest single-day drop since Sept. 3. Shares of the company remain up 11 percent this year. AMD has emerged as the biggest contender to Nvidia Corp in the lucrative market of AI processors. The company’s latest chips would exceed some capabilities of its rival, AMD chief executive officer Lisa Su (蘇姿丰) said at an event hosted by
Sales RecORD: Hon Hai’s consolidated sales rose by about 20 percent last quarter, while Largan, another Apple supplier, saw quarterly sales increase by 17 percent IPhone assembler Hon Hai Precision Industry Co (鴻海精密) on Saturday reported its highest-ever quarterly sales for the third quarter on the back of solid global demand for artificial intelligence (AI) servers. Hon Hai, also known as Foxconn Technology Group (富士康科技集團) globally, said it posted NT$1.85 trillion (US$57.93 billion) in consolidated sales in the July-to-September quarter, up 19.46 percent from the previous quarter and up 20.15 percent from a year earlier. The figure beat the previous third-quarter high of NT$1.74 trillion recorded in 2022, company data showed. Due to rising demand for AI, Hon Hai said its cloud and networking division enjoyed strong sales
TECH JUGGERNAUT: TSMC shares have more than doubled since ChatGPT’s launch in late 2022, as demand for cutting-edge artificial intelligence chips remains high Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday posted a better-than-expected 39 percent rise in quarterly revenue, assuaging concerns that artificial intelligence (AI) hardware spending is beginning to taper off. The main chipmaker for Nvidia Corp and Apple Inc reported third-quarter sales of NT$759.69 billion (US$23.6 billion), compared with the average analyst projection of NT$748 billion. For last month alone, TSMC reported revenue jumped 39.6 percent year-on-year to NT$251.87 billion. Taiwan’s largest company is to disclose its full third-quarter earnings on Thursday next week and update its outlook. Hsinchu-based TSMC produces the cutting-edge chips needed to train AI. The company now makes more
RSS