The Ministry of Economic Affairs yesterday gave the green light to Good Way Technology Co’s (東碩資訊) application to invest up to NT$700 million (US$23.1 million) in Taiwan under a three-year program that provides incentives for overseas Taiwanese companies to invest back home.
Good Way, which specializes in docking stations and counts Intel Corp among its major clients, plans to set up a manufacturing facility in New Taipei City’s Sijhih District (汐止), the ministry said in a statement.
Good Way, which has a research and development facility in Taiwan and only one manufacturing plant — in Kunshan, China — decided to expand its operations in Taiwan to meet customers’ requests that it diversifies its production to lower risks amid trade tensions between the US and China, the ministry said.
The ministry also approved three other companies’ investment applications: mechanical parts maker Chenming Electronic Tech Corp (晟銘電子), golf club manufacturer Juming Co (鉅明) and storage furniture maker Huei Tyng Enterprise Co (輝庭企業).
Chenming Electronic, which specializes in server cloning, plans to set up a new automated plant in northern Taiwan to sharpen its competitive edge, the ministry said, without disclosing the planned investment amount.
Juming and Huei Tyng are to invest more than NT$800 million and NT$900 million respectively to expand their production capacities as more orders are transferred to Taiwan, the ministry said.
STATE UTILITIES
In other news, the ministry said Taiwan Power Co (Taipower, 台電) posted a pretax profit of NT$18 billion for last year after an injection of NT$32.7 billion from the government’s energy price stabilization fund.
Without allocation from the fund, Taipower posted pretax losses of NT$14.7 billion due to a combination of frozen electricity rates and mounting fuel costs, the ministry said.
Oil refiner CPC Corp, Taiwan (台灣中油) posted a profit of NT$35.2 billion, as global crude oil prices rose last year.
However, the company is forecasting losses as international oil markets have slumped due to the COVID-19 pandemic.
Taiwan Sugar Corp (台糖) and Taiwan Water Corp (台灣自來水) posted pretax profits of NT$3.28 billion and NT$191 million respectively for last year, the ministry said.
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
SIZE MATTERS: TSMC started phasing out 8-inch wafer production last year, while Samsung is more aggressively retiring 8-inch capacity, TrendForce said Chipmakers are expected to raise prices of 8-inch wafers by up to 20 percent this year on concern over supply constraints as major contract chipmakers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co gradually retire less advanced wafer capacity, TrendForce Corp (集邦科技) said yesterday. It is the first significant across-the-board price hike since a global semiconductor correction in 2023, the Taipei-based market researcher said in a report. Global 8-inch wafer capacity slid 0.3 percent year-on-year last year, although 8-inch wafer prices still hovered at relatively stable levels throughout the year, TrendForce said. The downward trend is expected to continue this year,
POWERING UP: PSUs for AI servers made up about 50% of Delta’s total server PSU revenue during the first three quarters of last year, the company said Power supply and electronic components maker Delta Electronics Inc (台達電) reported record-high revenue of NT$161.61 billion (US$5.11 billion) for last quarter and said it remains positive about this quarter. Last quarter’s figure was up 7.6 percent from the previous quarter and 41.51 percent higher than a year earlier, and largely in line with Yuanta Securities Investment Consulting Co’s (元大投顧) forecast of NT$160 billion. Delta’s annual revenue last year rose 31.76 percent year-on-year to NT$554.89 billion, also a record high for the company. Its strong performance reflected continued demand for high-performance power solutions and advanced liquid-cooling products used in artificial intelligence (AI) data centers,
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