Foreign direct investment (FDI) in Taiwan approved by the Investment Commission in the first four months of this year surged 48.68 percent annually to US$2.97 billion, driven by the wind power sector and the semiconductor industry.
The largest approved FDI in the period was NT$24.8 billion (US$827.77 million) by Denmark-based Orsted Wind Power TW Holding A/S for windfarm projects off the coast of Changhua County, commission data showed.
The second-largest FDI was by Diodes Taiwan SARL, which injected NT$13.3 billion into its local unit, Diodes Technologies Taiwan Co (台灣達爾科技), while Japan-based Kioxia Corp’s NT$8.23 billion investment in its local unit was the third-largest, the data showed.
By country, Denmark was home to the largest foreign investors in Taiwan with a total of US$1.09 billion, followed by Japan with US$547.6 million and Luxembourg with US$446.49 million, the data showed.
FDI from China, which the commission reviews separately, soared 61.65 percent year-on-year to US$41.83 million in the four-month period, the data showed.
The increase was mainly propelled by a NT$360 million investment by Hong Kong’s Jin Yao Development Co (津耀發展) in local medical device supplier MicroBase Technology Corp (微邦科技), as well as Swancor (Hong Kong) Holding Co’s (上緯香港) NT$224 million investment in Swancor Highpolymer Co (上緯興業), the data showed.
Meanwhile, approved outbound investment increased 24.29 percent year-on-year to US$2.89 billion in the period, the data showed.
Walsin Lihwa Corp’s (華新麗華) US$552 million investment in its Hong Kong-based subsidiary, Walsin International Investments Ltd (香港華新國際投資), was the largest outbound investment, followed by SinoPac Leasing Corp’s (永豐金租賃) US$100 million investment in its Hong Kong unit, the data showed.
Approved investment in China also surged 63.31 percent to US$2.38 billion, the data showed.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
‘ONE-STOCK SHOW’: Turnover hit an all-time high as TSMC continued to determine the local market’s direction and surpassed Visa in market capitalization The TAIEX early yesterday hit an all-time intraday high on the back of soaring Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares, before tumbling back to the previous day’s close as the contract chipmaker could not single-handedly prop up the index. The TAIEX rose more than 400 points in the first 20 minutes of trading to hit a record 13,031.7 points, but later pared its gains to close down 0.01 percent at 12,586.73. Turnover was NT$343.252 billion (US$11.63 billion), the highest in the Taiwan Stock Exchange’s history. TSMC continued to dictate the market’s direction, as its early surge by the daily