Sing Lan Co Ltd (新嵐企業), which operates tea beverage chain 50 Lan (50嵐), is to set up a global headquarters in Kaohsiung, the Ministry of Economic Affairs said yesterday after it approved the company’s application to invest in the nation via a government incentive program for small and medium-sized enterprises (SMEs).
With 174 stores nationwide, Sing Lan is targeting the US, Canada, Australia and Malaysia as it seeks to expand overseas. It plans to invest NT$300 million (US$9.99 million) expanding its logistics center and warehouses, as well as setting up the new headquarters in the Kaoshiung Hofa Industrial Park (高雄和發工業區), the ministry said.
The ministry also gave a green light to eight other SME investment applications, including Fox Automation Technology Inc (承鼎精密) and Gold Chains Sheet Metal Tech Co Ltd (高群鈑金), as well as hand tool suppliers Chu Min Co Ltd (茱銘) and Honiton Industries Inc (利徠實業).
Fox Automation, a subsidiary of Foxsemicon Integrated Technology Inc (京鼎), is to invest NT$1.8 billion setting up a smart manufacturing facility in Miaoli County’s Jhunan Township (竹南), as the company aims to expand its production capacity and strengthen cooperation with Applied Materials Inc, the ministry said.
Gold Chains is to invest NT$500 million setting up a smart manufacturing facility for slot and gachapon machines, while Chu Min and Honiton are to invest about NT$200 million each establishing new plants in Taichung’s Taiping District (太平) to handle mounting orders, it said.
Seamless steel pipe manufacturer Meng Chang Precision Machine Industry (猛展鋼鐵), which supplies automakers Honda Motor Co and Toyota Motor Corp, is to invest NT$200 million to establish a new automated plant in the Yunlin Fengtian Industrial Park (雲林豐田工業區), while Fupite Plastics Mold Co Ltd (富比特塑膠模具), which counts auto parts maker Tong Yang Industry Co Ltd (東陽實業) and furniture maker IKEA among its clients, is to invest NT$200 million to set up a research-and-development center, it added.
The ministry has approved 121 SME investment applications since the program began in July last year, which would result in an estimated NT$53.2 billion in domestic investments.
Real estate agent and property developer JSL Construction & Development Co (愛山林) led the average compensation rankings among companies listed on the Taiwan Stock Exchange (TWSE) last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) finished 14th. JSL Construction paid its employees total average compensation of NT$4.78 million (US$159,701), down 13.5 percent from a year earlier, but still ahead of the most profitable listed tech giants, including TSMC, TWSE data showed. Last year, the average compensation (which includes salary, overtime, bonuses and allowances) paid by TSMC rose 21.6 percent to reach about NT$3.33 million, lifting its ranking by 10 notches
Popular vape brands such as Geek Bar might get more expensive in the US — if you can find them at all. Shipments of vapes from China to the US ground to a near halt last month from a year ago, official data showed, hit by US President Donald Trump’s tariffs and a crackdown on unauthorized e-cigarettes in the world’s biggest market for smoking alternatives. That includes Geek Bar, a brand of flavored vapes that is not authorized to sell in the US, but which had been widely available due to porous import controls. One retailer, who asked not to be named, because
SEASONAL WEAKNESS: The combined revenue of the top 10 foundries fell 5.4%, but rush orders and China’s subsidies partially offset slowing demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) further solidified its dominance in the global wafer foundry business in the first quarter of this year, remaining far ahead of its closest rival, Samsung Electronics Co, TrendForce Corp (集邦科技) said yesterday. TSMC posted US$25.52 billion in sales in the January-to-March period, down 5 percent from the previous quarter, but its market share rose from 67.1 percent the previous quarter to 67.6 percent, TrendForce said in a report. While smartphone-related wafer shipments declined in the first quarter due to seasonal factors, solid demand for artificial intelligence (AI) and high-performance computing (HPC) devices and urgent TV-related orders
MINERAL DIPLOMACY: The Chinese commerce ministry said it approved applications for the export of rare earths in a move that could help ease US-China trade tensions Chinese Vice Premier He Lifeng (何立峰) is today to meet a US delegation for talks in the UK, Beijing announced on Saturday amid a fragile truce in the trade dispute between the two powers. He is to visit the UK from yesterday to Friday at the invitation of the British government, the Chinese Ministry of Foreign Affairs said in a statement. He and US representatives are to cochair the first meeting of the US-China economic and trade consultation mechanism, it said. US President Donald Trump on Friday announced that a new round of trade talks with China would start in London beginning today,
RSS