The Ministry of Economic Affairs (MOEA) hopes to attract US$8.5 billion in foreign investment this year with a series of local and overseas promotional activities as well as hosting the 2009 Invest In Taiwan Business Alliance Forum, officials said yesterday.
Ministry data showed Taiwan attracted US$8.23 billion in foreign capital last year. To continue this trend, the ministry said it would aggressively target specific foreign businesses, as well as develop ties with countries that could benefit from Taiwan’s core enterprise strengths in broadband wireless technology, consumer electronics, green technology and health care for seniors.
In separate news, the ministry announced yesterday that foreign investment, overseas investment (excluding China) and China-bound investment all plunged last month compared to January last year.
Approved foreign investment applications in Taiwan totaled 72 cases and US$145 billion last month, a drop of 61 percent and 73 percent respectively from last year.
Only 17 applications were received for non-China overseas investment last month, while total investment declined 82 percent from last year to US$89.91 million, the ministry said.
Only 23 cases of China-bound investment, worth a total of US$282.87 million, were approved last month, a drop of 68 percent and 56 percent respectively.
AI REVOLUTION: The event is to take place from Wednesday to Friday at the Taipei Nangang Exhibition Center’s halls 1 and 2 and would feature more than 1,100 exhibitors Semicon Taiwan, an annual international semiconductor exhibition, would bring leaders from the world’s top technology firms to Taipei this year, the event organizer said. The CEO Summit is to feature nine global leaders from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), ASE Technology Holding Co (ASE, 日月光投控), Applied Materials Inc, Google, Samsung Electronics Co, SK Hynix Inc, Microsoft Corp, Interuniversity Microelectronic Centre and Marvell Technology Group Ltd, SEMI said in a news release last week. The top executives would delve into how semiconductors are positioned as the driving force behind global technological innovation amid the artificial intelligence (AI) revolution, the organizer said. Among them,
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Intel Corp is working with investment bankers to help navigate the most difficult period in its 56-year history, people familiar with the matter said. The company is discussing various scenarios, including a split of its product design and manufacturing businesses, and which factory projects might potentially be scrapped, the people said, who asked not to be identified. Morgan Stanley and Goldman Sachs Group Inc, Intel’s longtime bankers, have been providing advice on the possibilities, which could also include potential mergers and acquisitions, the people said. The discussions have only grown more urgent since Intel delivered a grim earnings report, which sent the
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