Wistron NeWeb Corp (啟碁科技) is to invest NT$5.5 billion (US$184.98 million) in Taiwan by setting up a third phase plant in the Southern Taiwan Science Park (南部科學園區), the Ministry of Economic Affairs (MOEA) said yesterday.
The network and communications solutions provider is a subsidiary of Wistron Corp (緯創).
Wistron NeWeb would introduce automated equipment, such as mechanical arms and image recognition based on artificial intelligence, the ministry said as it announced that it had approved the firm’s application to join a government program.
Its latest investment is projected to create about 2,000 job opportunities, the ministry said.
The company last year invested NT$2.7 billion to set up production in the Southern Taiwan Science Park. It also has production sites in the Hsinchu Science Park (新竹科學園區), Vietnam and Kunshan, China.
The ministry said it had also approved investment applications from Tien Heng Machinery Co Ltd (天珩機械) and Taiwan Star Telecom Co (台灣之星).
Tien Heng is a packing machine maker, selling products under its BestPack brand to companies such as Hon Hai Precision Industry Co (鴻海精密) and Formosa Plastics Group (台塑集團); it is to invest NT$200 million to establish a manufacturing facility in Chiayi County.
The company has decided to halt production at its plant in China’s Zhejiang Province amid a global restructuring of supply chains prompted by the COVID-19 pandemic, the ministry said, adding that its investment is expected to provide 30 jobs.
Taiwan Star, the nation’s 4th largest telecom operator, is to invest NT$100 million to purchase Internet of Things related software and machinery equipment for its workhouses in Taipei and Kaohsiung, the ministry said.
The company earlier this year won 40 megahertz of 5G spectrum in a 3.5 gigahertz frequency band at an auction for NT$19.71 billion.
With an approval rating of just two percent, Peruvian President Dina Boluarte might be the world’s most unpopular leader, according to pollsters. Protests greeted her rise to power 29 months ago, and have marked her entire term — joined by assorted scandals, investigations, controversies and a surge in gang violence. The 63-year-old is the target of a dozen probes, including for her alleged failure to declare gifts of luxury jewels and watches, a scandal inevitably dubbed “Rolexgate.” She is also under the microscope for a two-week undeclared absence for nose surgery — which she insists was medical, not cosmetic — and is
CAUTIOUS RECOVERY: While the manufacturing sector returned to growth amid the US-China trade truce, firms remain wary as uncertainty clouds the outlook, the CIER said The local manufacturing sector returned to expansion last month, as the official purchasing managers’ index (PMI) rose 2.1 points to 51.0, driven by a temporary easing in US-China trade tensions, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The PMI gauges the health of the manufacturing industry, with readings above 50 indicating expansion and those below 50 signaling contraction. “Firms are not as pessimistic as they were in April, but they remain far from optimistic,” CIER president Lien Hsien-ming (連賢明) said at a news conference. The full impact of US tariff decisions is unlikely to become clear until later this month
GROWING CONCERN: Some senior Trump administration officials opposed the UAE expansion over fears that another TSMC project could jeopardize its US investment Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is evaluating building an advanced production facility in the United Arab Emirates (UAE) and has discussed the possibility with officials in US President Donald Trump’s administration, people familiar with the matter said, in a potentially major bet on the Middle East that would only come to fruition with Washington’s approval. The company has had multiple meetings in the past few months with US Special Envoy to the Middle East Steve Witkoff and officials from MGX, an influential investment vehicle overseen by the UAE president’s brother, the people said. The conversations are a continuation of talks that
CHIP DUTIES: TSMC said it voiced its concerns to Washington about tariffs, telling the US commerce department that it wants ‘fair treatment’ to protect its competitiveness Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reiterated robust business prospects for this year as strong artificial intelligence (AI) chip demand from Nvidia Corp and other customers would absorb the impacts of US tariffs. “The impact of tariffs would be indirect, as the custom tax is the importers’ responsibility, not the exporters,” TSMC chairman and chief executive officer C.C. Wei (魏哲家) said at the chipmaker’s annual shareholders’ meeting in Hsinchu City. TSMC’s business could be affected if people become reluctant to buy electronics due to inflated prices, Wei said. In addition, the chipmaker has voiced its concern to the US Department of Commerce
RSS