The value of approved foreign direct investment (FDI) inflows to Taiwan last year reached US$11.39 billion, up 44.98 percent from the previous year, the Department of Investment Review said yesterday.
The figure was the third-highest in the past decade, behind only 2018 and 2022, the department under the Ministry of Economic Affairs said in a statement.
Last year’s strong FDI performance was mainly driven by several large investment projects, including by Denmark’s Orsted Wind Power TW Holding A/S, which invested about US$2.02 billion to set up Greater Changhua SW Holdings Ltd (大彰化西南控股) in Taiwan, the department said.
Photo: Liao Chia-ning, Taipei Times
Luxembourg’s CI Fengmiao SCSP, also a green energy developer, injected about US$671.5 million into CI Fengmiao Ltd (哥本哈根基礎設施渢妙股份), it said.
A total of 1,296 new foreign-invested companies had investment in Taiwan approved last year, with the combined investment totaling about US$1.05 billion.
In terms of Chinese investment in Taiwan, the department said 19 projects were approved last year with combined investment of about US$102.74 million, down 65.43 percent from US$297.22 million a year earlier.
As for foreign-bound investments by Taiwanese companies, the department said 69 outbound investment applications were approved in the final month of last year, with total investment of about US$2.13 billion.
Last year as a whole, 817 projects were approved, with combined investment of about US$38.43 billion, down 14.47 percent from a year earlier.
Investment by Taiwanese companies in China continued to decline, the department said, with 241 projects approved for all of last year putting up combined investment of about US $1.50 billion, down 58.98 percent from a year earlier.
Overall, foreign investment in Taiwan remained strong last year, the department said, while Taiwanese companies became more cautious about investing in China amid global economic uncertainty and shifts in industrial strategy.
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