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.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) secured a record 70.2 percent share of the global foundry business in the second quarter, up from 67.6 percent the previous quarter, and continued widening its lead over second-placed Samsung Electronics Co, TrendForce Corp (集邦科技) said on Monday. TSMC posted US$30.24 billion in sales in the April-to-June period, up 18.5 percent from the previous quarter, driven by major smartphone customers entering their ramp-up cycle and robust demand for artificial intelligence chips, laptops and PCs, which boosted wafer shipments and average selling prices, TrendForce said in a report. Samsung’s sales also grew in the second quarter, up
LIMITED IMPACT: Investor confidence was likely sustained by its relatively small exposure to the Chinese market, as only less advanced chips are made in Nanjing Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) saw its stock price close steady yesterday in a sign that the loss of the validated end user (VEU) status for its Nanjing, China, fab should have a mild impact on the world’s biggest contract chipmaker financially and technologically. Media reports about the waiver loss sent TSMC down 1.29 percent during the early trading session yesterday, but the stock soon regained strength and ended at NT$1,160, unchanged from Tuesday. Investors’ confidence in TSMC was likely built on its relatively small exposure to the Chinese market, as Chinese customers contributed about 9 percent to TSMC’s revenue last
On Tuesday, US President Donald Trump weighed in on a pressing national issue: The rebranding of a restaurant chain. Last week, Cracker Barrel, a Tennessee company whose nationwide locations lean heavily on a cozy, old-timey aesthetic — “rocking chairs on the porch, a warm fire in the hearth, peg games on the table” — announced it was updating its logo. Uncle Herschel, the man who once appeared next to the letters with a barrel, was gone. It sparked ire on the right, with Donald Trump Jr leading a charge against the rebranding: “WTF is wrong with Cracker Barrel?!” Later, Trump Sr weighed
LOOPHOLES: The move is to end a break that was aiding foreign producers without any similar benefit for US manufacturers, the US Department of Commerce said US President Donald Trump’s administration would make it harder for Samsung Electronics Co and SK Hynix Inc to ship critical equipment to their chipmaking operations in China, dealing a potential blow to the companies’ production in the world’s largest semiconductor market. The US Department of Commerce in a notice published on Friday said that it was revoking waivers for Samsung and SK Hynix to use US technologies in their Chinese operations. The companies had been operating in China under regulations that allow them to import chipmaking equipment without applying for a new license each time. The move would revise what is known
RSS