Interconnect solutions provider BizLink Holding Inc (貿聯控股) has pledged NT$3.2 billion (US$107.6 million) to launch new manufacturing facilities at the Tainan Technology Industrial Park (台南科技工業區), the Ministry of Economic Affairs said yesterday.
The InvesTaiwan Service Center yesterday approved the Silicon Valley-based company’s application to participate in the government’s incentive program, the ministry said.
The announcement came as BizLink’s customers seek to adjust their global deployment strategies and diversity risks, it said.
Photo courtesy of BizLink Holding Inc
Founded in 1996, BizLink supplies cable assemblies, wire harnesses and high-speed transmission lines for use in vehicles, information technology products, electrical appliances and industrial devices, as well as medical, solar and telecom equipment. It is the sole supplier of wiring harnesses for battery management systems in Tesla Inc’s Model 3 electric vehicles.
The company plans to establish production lines for high-end automotive and medical products at the Tainan plant, and the investment is expected to create 836 job opportunities, the ministry said.
In addition to meeting environmental building standards at the new plant, BizLink plans to install a solar power generation system on the roof and adopt high-efficiency energy-saving equipment for its manufacturing facilities, it said.
BizLink operates 17 production sites around the world and had about 12,316 employees as of October last year, company data showed.
InvesTaiwan also approved plans by three other companies to establish or expand their manufacturing facilities in the nation. They are Rising Chemical Co (立新化工), Ziolite Precision Corp (兆磊精密) and Taiwan Head Brewers Brewing Co (臺灣比爾文化), the ministry said.
The four companies are to invest a combined NT$4 billion, it added.
Rising Chemical, the only listed coating company in the nation, mainly produces nano-scale pigment dispersions for LCD photoresists, nano-color pastes and functional inks.
To diversify its product line and meet environmental safety regulations, the company plans to invest NT$300 million to build a new plant and warehouse at the Southern Taiwan Science Park’s (南部科學工業園) branch campus in Kaohsiung’s Lujhu District (路竹), the ministry said.
Ziolite Precision, a supplier of components for CNC milling machines and mechanical structure covers for industrial equipment, plans to invest NT$200 million to build new factories in Miaoli County’s Jhunan Township (竹南), while Taiwan Head Brewers, which makes craft beer, plans to launch new production lines in New Taipei City’s Sanchong District (三重), it said.
The “Invest in Taiwan” initiative has to date attracted 1,207 companies to invest more than NT$1.7 trillion in Taiwan, with 20 applications pending review, it said.
FALLING BEHIND: Samsung shares have declined more than 20 percent this year, as the world’s largest chipmaker struggles in key markets and plays catch-up to rival SK Hynix Samsung Electronics Co is laying off workers in Southeast Asia, Australia and New Zealand as part of a plan to reduce its global headcount by thousands of jobs, sources familiar with the situation said. The layoffs could affect about 10 percent of its workforces in those markets, although the numbers for each subsidiary might vary, said one of the sources, who asked not to be named because the matter is private. Job cuts are planned for other overseas subsidiaries and could reach 10 percent in certain markets, the source said. The South Korean company has about 147,000 in staff overseas, more than half
Taipei is today suspending its US$2.5 trillion stock market as Super Typhoon Krathon approaches Taiwan with strong winds and heavy rain. The nation is not conducting securities, currency or fixed-income trading, statements from its stock and currency exchanges said. Yesterday, schools and offices were closed in several cities and counties in southern and eastern Taiwan, including in the key industrial port city of Kaohsiung. Taiwan, which started canceling flights, ship sailings and some train services earlier this week, has wind and rain advisories in place for much of the island. It regularly experiences typhoons, and in July shut offices and schools as
TECH PARTNERSHIP: The deal with Arizona-based Amkor would provide TSMC with advanced packing and test capacities, a requirement to serve US customers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is collaborating with Amkor Technology Inc to provide local advanced packaging and test capacities in Arizona to address customer requirements for geographical flexibility in chip manufacturing. As part of the agreement, TSMC, the world’s biggest contract chipmaker, would contract turnkey advanced packaging and test services from Amkor at their planned facility in Peoria, Arizona, a joint statement released yesterday said. TSMC would leverage these services to support its customers, particularly those using TSMC’s advanced wafer fabrication facilities in Phoenix, Arizona, it said. The companies would jointly define the specific packaging technologies, such as TSMC’s Integrated
An Indian factory producing iPhone components resumed work yesterday after a fire that halted production — the third blaze to disrupt Apple Inc’s local supply chain since the start of last year. Local industrial behemoth Tata Group’s plant in Tamil Nadu, which was shut down by the unexplained fire on Saturday, is a key linchpin of Apple’s nascent supply chain in the country. A spokesperson for subsidiary Tata Electronics Pvt yesterday said that the company would restart work in “many areas of the facility today.” “We’ve been working diligently since Saturday to support our team and to identify the cause of the fire,”
RSS