The third edition of the EU Investment Forum would be held in Taipei next month, focusing on opportunities in sustainable industries in the EU, the European Economic and Trade Office (EETO) said on Wednesday.
The one-day event, to be held on Oct. 25, would include a series of discussions on how Taiwan and the EU can collaborate on building a sustainable future, the office said.
Kerstin Jorna, director-general of the European Commission’s Department of Internal Market, Industry, Entrepreneurship and SMEs, would deliver a keynote address, titled the “European Green Deal: A transition toward climate neutrality, circular and competitive economy,” the office said.
Other participants would provide information about the investment environment, regulations and policies in the EU, with regard to various industries in different nations, it said.
President Tsai Ing-wen (蔡英文), Minister of Economic Affairs Wang Mei-hua (王美花) and other top government officials are scheduled to attend the opening ceremony, the office said.
EETO Director Filip Grzegorzewski told a news conference that the EU has resources such as professional workers, top academic and research institutes, and excellent infrastructure.
It would be in the interest of Taiwanese companies to invest in the EU’s 27 member nations and benefit from its single market, he said.
As the biggest investor in the nation, the EU has “a commitment to Taiwan,” and sees the nation as a “like-minded partner” and “a fellow democracy” that values the rule of law, Grzegorzewski said.
“We want to see Taiwan grow; we want to see Taiwan develop. We want Taiwan to internationalize... We want Taiwan to be part of the international community,” he said.
Amid global challenges, such as supply chain disruptions and energy crises, Taiwan and the EU would be “better off” if they work together and share their experiences, Grzegorzewski added.
Deputy Minister of Economic Affairs Chen Chern-Chyi (陳正祺) told the news conference that the government maintains its policy to “help Taiwanese businesses connect internationally.”
“We encourage our companies to form and to integrate into European supply chains to become trusted and reliable partners of Europe,” Chen said.
The EETO said that it plans to hold two other business events next month. The first one would be held on Tuesday next week in Taoyuan, featuring the electric vehicle industry, while the other, scheduled for Oct. 8 in Kaohsiung, is to focus on the information and communication technology industry.
EU-based companies in 2020 invested a total of US$48.8 billion in Taiwan, accounting for 25.7 percent of total foreign direct investment that year, while Taiwanese firms invested US$7.3 billion in the EU, EETO data showed.
Shares in Taiwan closed at a new high yesterday, the first trading day of the new year, as contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) continued to break records amid an artificial intelligence (AI) boom, dealers said. The TAIEX closed up 386.21 points, or 1.33 percent, at 29,349.81, with turnover totaling NT$648.844 billion (US$20.65 billion). “Judging from a stronger Taiwan dollar against the US dollar, I think foreign institutional investors returned from the holidays and brought funds into the local market,” Concord Securities Co (康和證券) analyst Kerry Huang (黃志祺) said. “Foreign investors just rebuilt their positions with TSMC as their top target,
REVENUE PERFORMANCE: Cloud and network products, and electronic components saw strong increases, while smart consumer electronics and computing products fell Hon Hai Precision Industry Co (鴻海精密) yesterday posted 26.51 percent quarterly growth in revenue for last quarter to NT$2.6 trillion (US$82.44 billion), the strongest on record for the period and above expectations, but the company forecast a slight revenue dip this quarter due to seasonal factors. On an annual basis, revenue last quarter grew 22.07 percent, the company said. Analysts on average estimated about NT$2.4 trillion increase. Hon Hai, which assembles servers for Nvidia Corp and iPhones for Apple Inc, is expanding its capacity in the US, adding artificial intelligence (AI) server production in Wisconsin and Texas, where it operates established campuses. This
US President Donald Trump on Friday blocked US photonics firm HieFo Corp’s US$3 million acquisition of assets in New Jersey-based aerospace and defense specialist Emcore Corp, citing national security and China-related concerns. In an order released by the White House, Trump said HieFo was “controlled by a citizen of the People’s Republic of China” and that its 2024 acquisition of Emcore’s businesses led the US president to believe that it might “take action that threatens to impair the national security of the United States.” The order did not name the person or detail Trump’s concerns. “The Transaction is hereby prohibited,”
Garment maker Makalot Industrial Co (聚陽) yesterday reported lower-than-expected fourth-quarter revenue of NT$7.93 billion (US$251.44 million), down 9.48 percent from NT$8.76 billion a year earlier. On a quarterly basis, revenue fell 10.83 percent from NT$8.89 billion, company data showed. The figure was also lower than market expectations of NT$8.05 billion, according to data compiled by Yuanta Securities Investment and Consulting Co (元大投顧), which had projected NT$8.22 billion. Makalot’s revenue this quarter would likely increase by a mid-teens percentage as the industry is entering its high season, Yuanta said. Overall, Makalot’s revenue last year totaled NT$34.43 billion, down 3.08 percent from its record NT$35.52