The Ministry of Economic Affairs on Friday approved NT$3.4 billion (US$114.82 million) in investments from seven small and medium-sized enterprises through a government program that provides assistance for financing, taxation, land, utilities and labor.
As of Friday, the ministry had approved 545 companies — ranging from returning Taiwanese businesses to domestic companies large and small — to invest a total of NT$1.043 trillion through three government incentive programs.
The investments are expected to provide 86,907 jobs, while another 55 companies are waiting for approval, the ministry said in a statement.
Among the firms approved on Friday is Grand HC Auto Tooling Corp (貫理工業), which plans to expand its manufacturing capacity by investing NT$1 billion to set up new production lines at its plant in Taoyuan’s Pingzhen District (平鎮).
Grand HC produces structural auto parts such as bumpers and mainly targets the US aftermarket business.
The company plans to add smart production lines, focusing on manufacturing bumpers, to increase its market share in North America, the ministry said.
Suen Cheng Enterprise Co Ltd (宣承實業) plans to invest NT$300 million to add smart manufacturing facilities at New Taipei City’s Tung Feng Industrial Park (東豐工業區), as the metal stamping parts maker’s major clients are moving more production to Taiwan amid a US-China trade dispute, the ministry said.
Ta Tun Electric Wire & Cable Co (大東電業) plans to spend NT$200 million introducing automated production facilities and integrated service systems at its plant in Taoyuan’s Yangmei District (楊梅).
The company hopes the new investment would help increase production efficiency and integrate its overseas supply chains, the ministry said.
Brilliant Village Steel Co (燁村鋼鐵), a downstream firm of China Steel Corp (CSC, 中鋼), plans to spend more than NT$200 million establishing a smart plant in Taichung’s Shalu District (沙鹿), as its current Taichung facilities are old and lack capacity to meet growing orders for exercise equipment and bicycle-related products, the ministry said.
Bison Advanced Technology Co (倢鋒科技), which provides cable harness products, plans to build a plant in Taoyuan’s Jhongli District (中壢). It is to invest NT$200 million to develop products for semiconductor, automotive, robotics and aerospace equipment industries, the ministry said.
El Dorado Corp (易度企業), which manufactures chemicals for metal surface treatment and provides industrial effluent treatment solutions, plans to add smart process and management systems at its plant in Taoyuan’s Longtan District (龍潭), and Kingdom Vehicle Inspection Co (冠羿驗證) plans to spend NT$700 million constructing laboratories for new energy vehicles in the Changhua Coastal Industrial Park (彰濱工業區), the ministry said.
South Korea’s equity benchmark yesterday crossed a new milestone just a month after surpassing the once-unthinkable 5,000 mark as surging global memory demand powers the country’s biggest chipmakers. The KOSPI advanced as much as 2.6 percent to a record 6,123, with Samsung Electronics Co and SK Hynix Inc each gaining more than 2 percent. With the benchmark now up 45 percent this year, South Korea’s stock market capitalization has also moved past France’s, following last month’s overtaking of Germany’s. Long overlooked by foreign funds, despite being undervalued, South Korean stocks have now emerged as clear winners in the global market. The so-called “artificial intelligence
‘SEISMIC SHIFT’: The researcher forecast there would be about 1.1 billion mobile shipments this year, down from 1.26 billion the prior year and erasing years of gains The global smartphone market is expected to contract 12.9 percent this year due to the unprecedented memorychip shortage, marking “a crisis like no other,” researcher International Data Corp (IDC) said. The new forecast, a dramatic revision down from earlier estimates, gives the latest accounting of the ongoing memory crunch that is affecting every corner of the electronics industry. The demand for advanced memory to power artificial intelligence (AI) tasks has drained global supply until well into next year and jeopardizes the business model of many smartphone makers. IDC forecast about 1.1 billion mobile shipments this year, down from 1.26 billion the prior
People stand in a Pokemon store in Tokyo on Thursday. One of the world highest-grossing franchises is celebrated its 30th anniversary yesterday.
NEW IDENTITY: Known for its software, India has expanded into hardware, with its semiconductor industry growing from US$38bn in 2023 to US$45bn to US$50bn India on Saturday inaugurated its first semiconductor assembly and test facility, a milestone in the government’s push to reduce dependence on foreign chipmakers and stake a claim in a sector dominated by China. Indian Prime Minister Narendra Modi opened US firm Micron Technology Inc’s semiconductor assembly, test and packaging unit in his home state of Gujarat, hailing the “dawn of a new era” for India’s technology ambitions. “When young Indians look back in the future, they will see this decade as the turning point in our tech future,” Modi told the event, which was broadcast on his YouTube channel. The plant would convert
RSS