Taiwanese companies returning to the nation have pledged up to NT$703.4 billion (US$23.06 billion) in investments, the Ministry of Economic Affairs said yesterday, as it approved another two firms’ applications to take part in a government incentive program.
New Taipei City-based lastic flooring supplier M.J. International Co Ltd (美喆) has decided to invest about NT$2.6 billion to set up a stone plastic composite floorings plant in the Tainan Technology Industrial Park (台南科技工業區), the ministry said.
The new plant would implement environmentally friendly manufacturing and smart production processes, and would create 245 job opportunities, it said.
An unspecified test fixture firm — which serves companies such as Advanced Micro Devices Inc, Siliconware Precision Industries Co (矽品精密), ASE Technology Holding Co (日月光投資控股) and King Yuan Electronics Co (京元電子) — plans to invest more than NT$3 billion to set up a smart production plant in Kaohsiung’s Nantze Export Processing Zone (楠梓加工出口區), the ministry said.
The company’s customers had requested the investment, which comes amid rising demand from semiconductor firms, the ministry said, adding that it would create 145 jobs.
SECOND PROGRAM
In related news, the ministry has also approved applications by Hsiner Co Ltd (新廣業), Intai Technology Corp (鐿鈦科技) and Tong Hsing Electronic Industries Ltd (同欣電子) to join in a separate government program that is also aimed at boosting investment and generating jobs in Taiwan.
Taichung-based Hsiner, a liquid silicone products manufacturer, is to invest NT$750 million to establish a new plant in the Central Taiwan Science Park (中部科學園區) and add a smart production line for oxygen therapy humidifiers, the ministry said.
The plant would create 100 job opportunities, it said.
Intai, a Taichung-based precision hardware manufacturer, is also to invest NT$1.5 billion in the science park to introduce automated production lines at its existing plant, the ministry said.
New Taipei City-based Tong Hsing, which provides micro module assembly and thick-film/thin-film substrate foundry services, is to invest more than NT$9.7 billion to expand its plant in Taoyuan’s Bade District (八德) and add new production lines at its plant in Longtan District (龍潭), the ministry added.
The company would offer up to 588 job opportunities, it said.
Companies participating in this program have pledged NT$66.1 billion in investments, which would create up to 4,630 job opportunities, the ministry said.
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 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 —
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
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