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2019-09-19
Numbers of new investment applications from overseas Taiwanese businesses to invest in Taiwan has arrived. InvesTaiwan convened its 35th joint review meeting for welcoming Taiwanese businesses back to Taiwan on September 19th. Chang Wah Technology Co., Ltd., Fusheng Group, Gigabyte Technology, FSP Group, YCC Parts MFG Co., Ltd., and Biotest Medical Corp. will invest over NT$8.4 billion and create 783 employment opportunities in Taiwan. At present, 140 Taiwanese businesses have responded to the Action Plan of Welcoming Taiwanese Businesses’ Investments into Taiwan by investing over NT$592.6 billion, which is expected to create 52,277 employment opportunities in Taiwan. Fitch Ratings, an internationally renowned credit rating institution, indicated on the 18th that government policy has brought Taiwanese businesses back to Taiwan, and allowed Taiwan to be benefited from the ongoing US-China Trade War. This shows that the effects of returning Taiwanese businesses have gained international recognition.
Chang Wah Technology Co., Ltd. started out as a small factory in southern Taiwan, and eventually developed into one of the world’s top five leadframe suppliers after merging and acquiring a Japanese multinational group. As the LED industry started to have excessive supply, Chang Wah saw that the rise of 5G communications, AI, self-driving cars, VR/AR wearable devices, UAVs, and robots will drive demands to the semiconductor industry and the growth of metal leadframes, and thus decided to acquire 100% shares of SH Asia Pacific Pte. (SHAP) from the Sumitomo Group and transform it into IC packaging leadframes, hoping to enhance its technical capabilities and join the upstream metal leadframe industry. This made it a global leader in IC substrates. After the US-China Trade War began, the company planned to invest NT$3 billion to expand its plant in Nanzi, Kaohsiung and add new equipment to meet the requirements of packaging and testing customers that expanded their plants in Taiwan, as well as orders transferred from foreign customers, providing the leadframes which were required by customers for packaging. The company aims to create new advantages and gain new abilities that will increase its market share, and the investment will create 141 employment opportunities in Taiwan.
Fusheng Group manufactures IC and LED leadframes that are mainly applied in the semiconductor packaging and testing and optoelectronics industry. The group is a major player in the industry and even has affiliated enterprises that make air compressors and golf clubs. The company first developed a key technology for leadframes that will effectively improve the issues currently faced by the packaging industry. This technological breakthrough will allow the company to reap the economic benefits from its blue ocean strategy. The US-China Trade War caused a significant decline in capacity utilization. Plus its main customers include Greatek Electronics Inc., one of the world’s top ten IC packaging and testing companies, and Advanced Semiconductor Engineering Inc., one of the world’s top three packaging and testing companies, both requested that the company should manufacture and deliver products in Taiwan. To meet the requirements , the company will invest NT$600 million to establish new production lines with all smart production equipment and will develop packaging base technologies for new MID-LDS products to expand future market demand. The investment will create 74 employment opportunities in Taiwan.
Gigabyte Technology, one of the world’s three main motherboard manufacturers, is also increasing investments in Taiwan, because almost all of its high-end gaming motherboards and graphics cards, which are mainly exported to the US and account for 10% of its revenue, are manufactured in China. The company began adjusting its production capacity when the trade dispute between the US and China began, and it relocated all of its production capacity for products which exported to the US back to its Taoyuan Plant. As uncertainty from the trade war began to rise and impact more areas, Gigabyte evaluated the situation and decided to increase its investment in high precise processes in Taiwan to manufacture high-end motherboards and graphics cards for gaming, high performance computing servers, industrial computers, 5G, and automobile electronics. Within the near future, the company will invest nearly NT$800 million in automated production lines and equipment in its Taoyuan Nanping Plant to meet requirements for delivery to the US. In the mid- to long-term, it will expand its phase two smart factory to maintain operation growth.
The FSP Group has manufactured power supply units for over 26 years, and marketed the products under its own brand “FSP” around the world. Exported products account for at least 80% of its production capacity. It is currently one of the world’s top ten power supply unit manufacturers. The company has dedicated its efforts to transformation in recent years, and is actively developing innovative power supply technologies for green energy, automobile, healthcare, industry and energy storage and management. The company decided to invest over NT$400 million to build a third plant in Taoyuan to mitigate the impact of high tariffs from the trade war, as well as the requests of American customers to move its production back to Taiwan. The new automated production line will mainly be used for automobile power supply units, storage systems and industrial computer power supply units, keeping core technology’s research, development and manufacture with high added value in Taiwan to ensure its long-term competitive advantage. The investment will create 100 employment opportunities in Taiwan.
The YCC Group is Taiwan’s second largest automobile plastic parts manufacturer and focuses on AM (after market) service. Its main place of the sales is the massive after market of North America. To lower the impact of the trade war and also meet the demands of American customers, the company adjusted the positions of its product lines across the Taiwan Strait, and moved all R&D and manufacturing back to Taiwan. The company plans to invest NT$600 million to expand its plant in Changhua Coastal Industrial Park, increase auto parts production lines, and recruit 50 domestic talents, in order to maintain the competitive advantage of Taiwan auto parts industry in the global export market.
Biotest Medical Corp. is the new motivator of Merry Electronics, the global leader of electroacoustics, into the biomedical industry. The company’s main production base was originally in Shenzhen, which exported 42% of its products to the US. To meet customers’ demands and lower the impact of the US-China Trade War, the company decided to invest NT$3 billion to expand its Taichung Tanzi Plant and increase its production capacity, mainly for high added value electroacoustics products, such as headphones for hearing protection, sleeping aid, and health management. The company is also using Taiwan’s abundance of electroacoustics and AI talents to enhance its R&D capabilities. This investment project will create 406 employment opportunities in Taiwan.
Fitch Ratings, an internationally renowned credit rating institution, indicated on September 18th that government policy has brought Taiwanese businesses back to Taiwan, increasing Taiwan’s economic growth momentum despite headwinds, and allowed Taiwan to become the only Asian economy entity which is benefited from the ongoing US-China Trade War. This shows that the effects of Taiwanese businesses returning have gained international recognition.
Spokesperson of InvesTaiwan: Acting COO He Kun-Sung
Telephone: 02-2311-2031 Ext.: 808
Email: ksho@moea.gov.tw
Source: Department of Investment Services, MOEA
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