The Department of Investment Review yesterday approved six major investment cases, including a NT$9.835 billion (US $310 million) investment by US semiconductor equipment supplier Lam Research Corp in its Taiwan subsidiary, the Ministry of Economic Affairs said.
The department approved two foreign investments in Taiwan and four overseas investments by Taiwanese companies, totaling NT$12.835 billion and US$358.36 million, respectively, the ministry said in a statement.
Lam Research will invest the equivalent of NT$9.835 billion in Lam Research Taiwan to support research, development and design operations for critical equipment used in advanced semiconductor manufacturing processes, the statement said.
Photo: Taipei Times file
Zhen Ding Technology Holding Ltd (臻鼎科技控股), based in the Cayman Islands, will invest the equivalent of NT$3 billion in subsidiary Boardtek Electronics Corp (先豐通訊) to support printed circuit board (PCB) research and development, manufacturing and sales operations.
Meanwhile, among the companies approved to invest abroad was Taiwanese semiconductor company Nuvoton Technology Corp (新唐科技).
It will invest 15 billion yen (US$94.36 million) in Nuvoton Technology Corp Japan for integrated circuit (IC) product design, development and manufacturing.
In addition, YMA Corp (源川國際) will invest US$60 million in its US subsidiary, YMA (TX) Inc, to manufacture solid-state batteries and drone-related components.
Li Yi International Investment Co (利億國際投資), a subsidiary of Hon Hai Precision Industry Co (鴻海精密), will invest the equivalent of US$57.01 million in Mitsubishi Fuso Bus Manufacturing Co to support bus manufacturing and sales operations.
Grand Health Holdings Co (宏康控股) acquired Cayman Islands-based Midas Health Co for US$147 million, indirectly obtaining shares in Taiwan-based Midas Investment Co and its subsidiary Microlife Group (百略醫學集團).
Through the acquisition, Grand Health is hoping to expand its professional medical equipment distribution channels and smart healthcare applications market, the department said.
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