2018-05-08
On May 8, Mr. Wen-Sheng (Vincent) Tseng, Deputy Minister of the Ministry of Economic Affairs (MOEA), was invited to attend the groundbreaking ceremony for the new plant to be constructed by Taiwan Tohcello Functional Sheet, Inc., a Japanese enterprise, inside the Kaohsiung Science Park. Taiwan Tohcello Functional Sheet, Inc. is a company established in Taiwan by Mitsui Chemicals Tohcello, Inc., a wholly owned subsidiary of Mitsui Chemicals, Inc. With over 80 years of corporate history in Japan, Mitsui Chemicals Tohcello, Inc. has been a key supplier of thin films to a number of major semiconductor manufacturers in Taiwan. Feeling optimistic about the future development of Taiwan's semiconductor industry, the Company is projected to invest NT$1.7 billion to build its own manufacturing plant in Taiwan. This is also the first overseas investment project that is 100% funded by the Company. Mitsui Chemicals Tohcello's Representative Director and President Takeshi Kaide arrived in Taiwan to host the groundbreaking ceremony. Other VIPs in attendance included Vice Mayor Che Shih from the Kaohsiung City Government, Chairman Yoshiya Iwachido from Taiwan Tohcello Functional Sheet, Inc., and STSP Bureau Director General Wei-cheng Lin.
During his speech, Deputy Minister Wen-Sheng (Vincent) Tseng pointed out that Taiwan's semiconductor industry is a key development industry. Taiwan possesses the world's most concentrated semiconductor production base and a complete industry chain. It holds a crucial position in the global supply chain as well as the leadership role in a number of domains, including technical capabilities, product development, and product applications. In addition, Taiwan is also actively involved in the promotion of the 5+2 Industry Innovation Program, which includes the Asian Silicon Valley, smart machinery, green technologies, biopharmaceuticals, national defense, as well as new agriculture and circular economy. In response to the latest development trends in artificial intelligence, Big Data, and IoT, which are driving the demand for semiconductors, domestic semiconductor manufacturers (such as TSMC) have already announced increased investment spending to set up 5nm and 3nm fabs in Taiwan. New R&D centers will also be constructed to actively introduce more advanced production processes, which will increase demand and drive the development of upstream and downstream semiconductor industries. Now is the best time for international businesses to invest in Taiwan!
Deputy Minister Tseng also pointed out that the protective thin films produced by the Taiwan Tohcello Functional Sheet, Inc. will be mainly used as a film to prevent wafer contamination during the semiconductor manufacturing process (the material is lightweight and offers high adhesion). By investing in Taiwan, the Company's product is easily accessible to the semiconductor manufacturers in Taiwan. In addition, technological collaboration with local industries can be enhanced to help Taiwan rapidly construct a comprehensive semiconductor industry chain, thereby injecting new energy into Taiwan's semiconductor industry. The Company can also grow together with domestic semiconductor manufacturers and expand into the global market.
Moreover, the MOEA provides one-stop investment services to companies making investments in Taiwan. MOEA's Department of Investment Services and InvesTaiwan Service Center can assign dedicated personnel to provide consultations and assistance throughout the process from land search, stationing processes, to contacting local government offices. Central and local government cooperation platforms are also utilized to maintain close communication with Kaohsiung City Government, jointly helping to accelerate procedures for plant establishment, so that companies will experience the efficiency and advantages of Taiwan's investment environment.
Mitsui Chemicals Tohcello's Representative Director and President Takeshi Kaide expressed that because he feels confident about Taiwan's overall investment environment and the future development of its semiconductor industry, especially the 5+2 Industry Innovation Program promoted by the Taiwanese government, plus the fact that Taiwan's semiconductor manufacturers are actively introducing more advanced production processes, he predicts that the requirements and growth of the overall semiconductor industry will also be effectively boosted. A special thanks to the Ministry of Economic Affairs and Kaohsiung City Government for their generous assistance, which will accelerate the construction work and allow the factory to become operational.
Deputy Minister Tseng also emphasized Taiwan's advantages of being a logistics hub in the Asia-Pacific, solid industrial clusters, excellent human resources, complete infrastructure, and intellectual property protection. This is why Taiwan's overall investment environment is highly acclaimed by many international rankings. Investing in Taiwan is the best choice. We look forward to Tohcello's continued utilization of Taiwan's unique environmental advantages. With the Company's continued investment in Taiwan, mutually beneficial relationships can be formed with Taiwanese suppliers.
Department of Investment Services Spokesperson: Director Emile Chang
Office Number: 02-2389-2111 Ext.: 811
Mobile Phone: 0910232199
Email:mpchang@moea.gov.tw
Contact Person: Lin Mei-Hsing, Section Chief
Office Number: 02-2389-2111 Ext.210
Mobile Phone: 0988158298
Email: mhlin2@moea.gov.tw
Source： Department of Investment Services, MOEA
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