JDI Taiwan Inc (JDIT, 台灣晶端顯示), a wholly owned subsidiary of Japan Display Inc, yesterday received the government’s approval to invest NT$500 million (US$18.08 million) to set up a subsidiary in Kaohsiung focusing on display module design and marketing.
The display supplier’s move came after it last month sold its local manufacturing arm, Kaohsiung Opto-Electronics Inc (KOE, 高雄晶傑達光電科技), to contract electronics maker Wistron Corp (緯創) for ¥8.58 billion (US$74 million).
JDIT has said it would continue outsourcing display module manufacturing to KOE and Wistron, while further strengthening the company’s competitiveness in its core automotive and industrial businesses.
Wistron said it plans to build a new facility in Kaohsiung to enhance its smart manufacturing capacity for automotive-related and industrial devices.
JDIT’s new Kaohsiung subsidiary “will focus on the research and development [R&D], design and marketing of its display module products,” the ministry’s Export Processing Zone Administration (EPZA) said in a statement. “The new business unit will help facilitate the company’s R&D and marketing capabilities.”
The subsidiary is to be set up in Kaohsiung’s Cianjhen Technology Industrial Park (前鎮科技產業園區), adjacent to KOE, the EPZA said.
JDIT on Monday posted several job openings on online recruitment platform 104 Job Bank (104人力銀行) for sales representatives and engineers who would be based in the Cianjhen industrial park.
The company primarily makes displays used in vehicles, mobile phones, tablets and industrial devices.
The EPZA said it is soliciting display component suppliers, 5G and artificial intelligence of things applications developers to build offices, or advanced production lines in the industrial park.
It launched a new NT$12 billion development project to expand the industrial park in the next 15 years to cater to the needs of new tenants.
The EPZA is also expanding the scope of industrial parks in Kaohsiung and Pingtung County, including Kaohsiung Software Park (高雄軟體科技園區), Pingtung Technology Industrial Park (屏東科技產業園區) and Nanzih Technology Industrial Park (楠梓科技產業園區), to cope with rising demand for land.
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
HSBC Holdings PLC is deepening its commitment to Taiwan as the economy emerges as one of the bank’s fastest-growing markets globally, driven by an artificial intelligence (AI) investment boom, expanding cross-border trade, and rising wealth creation. “The advantage that Taiwan has is a growth story linked to the semiconductor and broader AI industries, strong underlying corporate performance, and wealth creation,” said Surendra Rosha, HSBC’s co-chief executive for Asia and the Middle East, in an exclusive interview with the Taipei Times on June 2, during this year’s HSBC Taiwan Conference. That combination has helped HSBC cement its position as the most profitable international
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
Hon Hai Precision Industry Co (鴻海精密) yesterday said it would work with US chipmaker Intel Corp to jointly develop and deploy next-generation artificial intelligence (AI) infrastructure and intelligent computing platforms in a move to capture booming demand for AI computing systems. Hon Hai, also known as Foxconn Technology Group (富士康), said in a statement that the partnership would combine its global manufacturing scale, system integration expertise and AI data center deployment capabilities with Intel’s strengths in processor architecture, silicon technologies and software ecosystem. The companies said they plan to work on equipment used in AI data centers, including server racks powered by