Government-approved foreign direct investment (FDI) in the first seven months of this year rose by more than 200 percent from a year earlier, due to investment pledges by offshore wind power developers.
Approved FDI totaled US$9.69 billion over the period, up 201.84 percent from a year earlier, while the number of approved FDI applications fell 7.04 percent from a year earlier to 1,426, Investment Commission figures showed on Monday.
The growth in approved FDI largely resulted from the government’s push for green energy development, with three wind power investment applications accounting for about 43 percent of the total FDI in the first seven months, the commission said.
Photo courtesy of Formosa II Wind Power Co
During the period, the commission issued approved an application by Denmark’s Orsted Wind Power TW Holding A/S to invest NT$93.66 billion (US$3.09 billion) in offshore wind projects in Taiwan.
It also approved applications from Netherlands-based NP Hai Long Holdings BV and Denmark-based CI II Changfang K/S to invest NT$20.04 billion and NT$10.56 billion respectively in local offshore wind development.
Companies from countries covered by the government’s New Southbound Policy gained the commission’s approval to invest a combined US$1.52 billion, up 327.54 percent from a year earlier.
The commission said the pledged investment largely came from Australia, Singapore and Thailand.
The policy aims to enhance trade and exchanges with 16 countries in Southeast and South Asia, as well as Australia and New Zealand, to reduce Taiwan’s dependence on China.
Meanwhile, approved investments by China-based companies totaled US$17.698 million in the first seven months, down 36.52 percent from a year earlier, the commission said.
The value of Taiwan’s approved foreign-bound investments in the first seven months fell 33.89 percent from a year earlier to US$5.02 billion.
The commission approved US$2.25 billion of investment bound for policy countries, down 55.71 percent from a year earlier, with Singapore, Australia and Vietnam the major destinations.
Approved China-bound investments rose 0.01 percent from a year earlier to US$2.11 billion, the commission said.
SEMICONDUCTOR SERVICES: A company executive said that Taiwanese firms must think about how to participate in global supply chains and lift their competitiveness Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it expects to launch its first multifunctional service center in Pingtung County in the middle of 2027, in a bid to foster a resilient high-tech facility construction ecosystem. TSMC broached the idea of creating a center two or three years ago when it started building new manufacturing capacity in the US and Japan, the company said. The center, dubbed an “ecosystem park,” would assist local manufacturing facility construction partners to upgrade their capabilities and secure more deals from other global chipmakers such as Intel Corp, Micron Technology Inc and Infineon Technologies AG, TSMC said. It
NO BREAKTHROUGH? More substantial ‘deliverables,’ such as tariff reductions, would likely be saved for a meeting between Trump and Xi later this year, a trade expert said China launched two probes targeting the US semiconductor sector on Saturday ahead of talks between the two nations in Spain this week on trade, national security and the ownership of social media platform TikTok. China’s Ministry of Commerce announced an anti-dumping investigation into certain analog integrated circuits (ICs) imported from the US. The investigation is to target some commodity interface ICs and gate driver ICs, which are commonly made by US companies such as Texas Instruments Inc and ON Semiconductor Corp. The ministry also announced an anti-discrimination probe into US measures against China’s chip sector. US measures such as export curbs and tariffs
The US on Friday penalized two Chinese firms that acquired US chipmaking equipment for China’s top chipmaker, Semiconductor Manufacturing International Corp (SMIC, 中芯國際), including them among 32 entities that were added to the US Department of Commerce’s restricted trade list, a US government posting showed. Twenty-three of the 32 are in China. GMC Semiconductor Technology (Wuxi) Co (吉姆西半導體科技) and Jicun Semiconductor Technology (Shanghai) Co (吉存半導體科技) were placed on the list, formally known as the Entity List, for acquiring equipment for SMIC Northern Integrated Circuit Manufacturing (Beijing) Corp (中芯北方積體電路) and Semiconductor Manufacturing International (Beijing) Corp (中芯北京), the US Federal Register posting said. The
India’s ban of online money-based games could drive addicts to unregulated apps and offshore platforms that pose new financial and social risks, fantasy-sports gaming experts say. Indian Prime Minister Narendra Modi’s government banned real-money online games late last month, citing financial losses and addiction, leading to a shutdown of many apps offering paid fantasy cricket, rummy and poker games. “Many will move to offshore platforms, because of the addictive nature — they will find alternate means to get that dopamine hit,” said Viren Hemrajani, a Mumbai-based fantasy cricket analyst. “It [also] leads to fraud and scams, because everything is now
RSS