Eight US firms are planning investments in Taiwan: gov’t


CNA

TAIPEI — The Ministry of Economic Affairs (MOEA) said yesterday that eight companies based in the United States have signed letters of intent to make investments in Taiwan.

One of the eight, Air Products and Chemicals, a provider of specialty gases used in the high-tech sector, plans to invest NT$6.5 billion to expand its operations in Taiwan, the ministry announced. It currently runs production facilities through its subsidiary Air Products San Fu Co. Ltd., and employs around 800 local workers.

Veeco Instruments Inc., which produces equipment for LED chips, plans to invest NT$500 million in Taiwan over two years, while A10 Networks, Inc., a provider of cloud computing services, intends to set up a research and development center in Taiwan, the MOEA said.

Three other companies signing letters of intent with the ministry are biopharmaceutical firm Celgence Corp., Lam Research Corp., a supplier of wafer fabrication equipment, and services and energy management firm Noveda Technologies Inc.

The agreements were signed during a trip to more than 10 U.S. companies located in Silicon Valley, New Jersey and Pennsylvania by a delegation led by MOEA Vice Minister Lin Sheng-chung Oct. 24-31, the ministry said.

U.S. companies represent the largest group by nation of foreign investors in Taiwan, with accumulated investments worth US$21.58 billion between 1952 and September 2010.