Three government incentive programs launched early last year to attract investments from Taiwanese businesses have accrued NT$1.072 trillion (US$36.32 billion) in investment pledges from 595 companies, the Ministry of Economic Affairs said on Friday.
The programs, which provide participating companies with assistance for financing, taxation, land, utilities and labor, are estimated to create 89,153 jobs, the ministry said in a statement.
Another 58 companies are waiting for approval to invest in the nation, the ministry said.
Taiwan’s GDP last quarter contracted 0.73 percent year-on-year, the first decline since the first quarter of 2016, the Directorate-General of Budget, Accounting and Statistics (DGBAS) reported on July 31.
The contraction was relatively moderate compared with other economies, thanks to the nation’s success in containing the COVID-19 pandemic, the competitiveness of the local tech sector and continued investment in the private and public sectors, the DGBAS said.
The DGBAS is due to update its projections on Friday.
InvesTaiwan Service Center last week approved eight companies to participate in the programs to invest a combined NT$4.1 billion, the ministry said.
SGM Stone Co Ltd (翔聯企業) is to invest NT$200 million to expand its manufacturing capacity and install smart production lines at its plant in Taoyuan’s Yangmei District (楊梅), to meet rising demand for curtain walls in local manufacturing and real-estate sectors, the ministry said.
The demand for new factories and offices due to the large-scale return of Taiwanese businesspeople and the need to replace or renovate dangerous and aging buildings have driven growth in the civil engineering industry and created the biggest market boom for curtain walls in 30 years, the ministry said.
Lung Shing Refrigerating Works Co Ltd (隆興冷凍), Lu Fa Plastics Corp (陸發塑膠), Kuanda Polylon Co Ltd (廣大保利龍), Sheng Lun Co Ltd (昇輪股份), Chen You Technology Co Ltd (宸宥科技), CompTake Technology Inc (亞毅精密) and Dakim Environmental Protection Enterprise Co Ltd (達清環保) are to invest NT$3.9 billion, InvesTaiwan Service Center 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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