The Ministry of Economic Affairs on Friday approved Taiwan-Asia Semiconductor Corp’s (TASC, 台亞半導體) application under the Invest in Taiwan initiative to build a new facility at its production site in Hsinchu to enlarge production capacity, at an estimated cost of NT$9 billion (US$296.18 million).
TASC plans to build a new clean room that features smart automatic production lines and a digital monitoring system at its Hsinchu Science Park (新竹科學園區) factory, which would enhance its research, development and productions of gallium nitride chips, the ministry said in a statement.
The planned investment marks the latest effort of TASC, a 30-year-old supplier of LED chips, to strengthen its presence in the global market and to boost its operational resilience, it said.
Photo: REUTERS
The company also plans to install rooftop solar panel systems at the factory and reduce its carbon emissions, the ministry said.
The investment is expected to create 127 jobs, it added.
TASC revenue last year fell 26 percent annually to NT$4.52 billion, while its net profit in the first three quarters plunged 43 percent to NT$379 million, company data showed.
The ministry said it is reviewing applications from 23 other companies on a rolling basis.
The government’s Invest in Taiwan initiative has approved 1,306 applications with pledged investments totaling NT$1.92 trillion, which would be expected to create more than 142,000 jobs, the ministry said.
Among them are 279 Taiwanese companies with overseas operations that are making efforts to return to Taiwan to expand local operations, with a combined investment of NT$1.12 trillion, it said.
NEW IDENTITY: Known for its software, India has expanded into hardware, with its semiconductor industry growing from US$38bn in 2023 to US$45bn to US$50bn India on Saturday inaugurated its first semiconductor assembly and test facility, a milestone in the government’s push to reduce dependence on foreign chipmakers and stake a claim in a sector dominated by China. Indian Prime Minister Narendra Modi opened US firm Micron Technology Inc’s semiconductor assembly, test and packaging unit in his home state of Gujarat, hailing the “dawn of a new era” for India’s technology ambitions. “When young Indians look back in the future, they will see this decade as the turning point in our tech future,” Modi told the event, which was broadcast on his YouTube channel. The plant would convert
Nanya Technology Corp (南亞科技) yesterday said the DRAM supply crunch could extend through 2028, as the artificial intelligence (AI) boom has led the world’s major memory makers to dramatically reduce production of standard DRAM and allocate a significant portion of their capacity for high-bandwidth memory (HBM) chips. The most severe supply constraints would stretch to the first half of next year due to “very limited” increases in new DRAM capacity worldwide, Nanya Technology president Lee Pei-ing (李培瑛) told a news briefing. The company plans to increase monthly 12-inch wafer capacity to 20,000 in the first half of 2028 after a
Property transactions in the nation’s six special municipalities plunged last month, as a lengthy Lunar New Year holiday combined with ongoing credit tightening dampened housing market activity, data compiled by local land administration offices released on Monday showed. The six cities recorded a total of 10,480 property transfers last month, down 42.5 percent from January and marking the second-lowest monthly level on record, the data showed. “The sharp drop largely reflected seasonal factors and tighter credit conditions,” Evertrust Rehouse Co (永慶房屋) deputy research manager Chen Chin-ping (陳金萍) said. The nine-day Lunar New Year holiday fell in February this year, reducing
New vehicle sales in Taiwan plunged about 37 percent sequentially last month as the long Lunar New Year holiday and 228 Peace Memorial Day holiday cut short the number of working days, along with the lingering uncertainty over import tax cuts on US vehicles, market researcher U-Car said in a report yesterday. New car sales last month totaled 22,043, slumping from 35,073 units in January and down 19.89 percent from 37,515 in February last year, U-Car data showed. Sales of imported luxury cars, led by Mercedes-Benz, plummeted about 45 percent to 3,109 units last month from 5,663 units in the previous month,
RSS