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.
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
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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’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
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