Taiwanese firms’ investment pledges top NT$1 trillion

Photo for illustrative purposes only (CNA file photo)

TAIPEI (CNA) — Pledges of investments by Taiwanese companies have soared pass NT$1 trillion (US$33.39 billion), since the Taiwan government launched a series of incentive programs last year, the Ministry of Economic Affairs (MOEA) said Thursday.

So far, 480 firms have made investment pledges, which now total NT$1.0036 trillion, under the three major investment programs that are geared toward overseas Taiwanese businesses, domestic corporations that have never invested in China or other countries, and locally based small and medium-sized enterprises (SMEs), according to the ministry.

The investment plans are expected to create 82,555 new job opportunities in Taiwan, including 61,814 jobs with 188 Taiwanese companies operating overseas, which are aiming to bring back a net NT$760.9 billion in investments, the MOEA said.

Meanwhile, 68 domestic corporations have pledged to invest NT$147.7 billion in Taiwan, which will generate 11,338 jobs, and 224 SMEs plan to invest NT$95 billion at home, creating an expected 9,403 jobs, the ministry said.

On Thursday, the MOEA said, it approved applications by three companies to invest a total NT$5.8 billion in Taiwan.

One of them, Holy Stone Enterprise Co., Ltd., is planning an output of NT$2.5 billion to build a smart multi-layer ceramic capacitor (MLCC) production line in Taoyuan, which will create some 315 jobs, the ministry said.

Meanwhile, Fukuta Electric & Machinery Co., Ltd. will spend about NT$1.9 billion to establish an automated production line in Miaoli, according to the ministry.

The third company, Daxin Materials Corp., a subsidiary of LCD panel maker AU Optronics Corp (AUO), will build a NT$1.3 billion plant in Taichung Port Free Trade Zone to manufacture semiconductor materials and products for the display industry, the ministry said.