2020-09-24
InvesTaiwan today (24th) approved additional investments of over NT$1.7 billion by Solar Applied Materials Technology Corporation, Chia Yi Steel Co., Ltd., and Alex Global Technology. At present, the three major programs for investing in Taiwan has attracted approximately NT$1.1154 trillion in investments from 663 companies, and will create 93,431 domestic employment opportunities, including approximately NT$788 billion in investments from 203 Taiwanese businesses returning to invest in Taiwan, which will create 65,163 employment opportunities; approximately NT$168.3 billion in investments from 86 domestic companies, which will create 12,673 employment opportunities. The applications of 50 companies are currently pending review.
Solar Applied Materials Technology Corporation recently became a member of TSMC’s green supply chain. The company plans to invest over NT$1 billion to build a “Large Target Plastic Forming Center” in Tainan Technology Industrial Park in response to the influx of purchase orders for advanced semiconductors. The center is expected to be completed in the second quarter next year. When the center is completed, it will not only increase large target forming capacity, but also meet Taiwan’s demand on semiconductor target production capacity in the next 5-10 years. Solar Applied Materials Technology Corporation is focused on the recycling, refining, processing, and application of rare and precious metals. It recycles process waste, refines the waste into raw materials, and transforms the materials into targets. It is the first and only company in Taiwan to supply high-end targets for semiconductor front-end processes. The company supplies key materials for semiconductor, optoelectronic, and ICT processes, and successfully developed a complete circular economic model for sputtering targets, which has secured its position as the leader of Taiwan’s precious metals applied materials and circular economy industry. The US-China trade war impacted its revenue in China, and TSMC is actively developing a raw materials and equipment supply system in Taiwan in response to supply chain risks. Hence, the company decided to build a new factory in Taiwan, purchase large crucial equipment to strengthen its manufacturing capabilities, and increase the recruitment of domestic talent. The company continues to engage in green manufacturing, which has driven the development of a circular economic chain in Taiwan’s semiconductor industry, and strives to create a win-win situation for economic development and environmental sustainability.
Chia Yi Steel Co., Ltd. has focused on the precision processing of castings for over four decades, and is a major supplier of castings for automobiles, agricultural industry, hydraulics, and construction machinery. It has 3 foundries and 2 processing plants in Chiayi and China’s Hebei and Jiangsu. The company’s end customers include the top three brands in the global automobile, hydraulics, agriculture, architecture, and machinery industries, and over 90% of its products are exported. Hence, it was severely impacted by the US-China trade war. In response to the restructuring of global supply chains and the demands of European, American, and Japanese customers, the company invested nearly NT$200 million to expand its production lines, bring in new casting equipment, and effectively improve its productivity and quality through process optimization and artificial intelligence. The company has also directed efforts to improving its work environment, which has attracted even more young talent and brought the technology of Taiwan’s casting industry to another level.
Alex Global Technology Inc. is the world’s largest manufacturer of bicycle aluminum rims, and sells the rims under its own brand “ALEXRIMS,” which is recognized by major bicycle manufacturers and world class cyclists, including Giant, Merida, Cube, Trek, Scott, Specialized, Cannondale, and Colnago. The company has expanded its business to the aerospace, aluminum-magnesium alloy, and advanced forged rims business in recent years. It has Taiwan’s largest aluminum alloy production and forging capabilities, and is not only the designated supplier of Ferrari and Formula 1, but has also become a major supplier for McLaren. In order to maintain its international leadership, Alex Global Technology Inc. invested over NT$500 million to build/expand its factory in Tainan Shan Shang Industrial Park, where it will establish an automated production line for rims and raw materials production line. The company will comprehensively implement smart manufacturing to significantly improve the quality of its products and lower labor costs, and will continue to direct its efforts towards becoming a world class aluminum alloy and product R&D center. This investment will create over 30 domestic employment opportunities.
Spokesperson of InvesTaiwan: Acting COO He Kun-Sung
Telephone: 02-2311-2031 Ext.: 808
Mobile Phone: 0966-533-987
Email: ksho@moea.gov.tw
Source： Department of Investment Services, MOEA
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