Stainless steel pipe manufacturer Froch Enterprise Co (彰源企業) is to invest more than NT$600 million (US$19.66 million) to set up a new plant in Yunlin County’s Douliou City (斗六), the Ministry of Economic Affairs said yesterday, as it added the firm’s application to the list of companies returning to invest in Taiwan.
A total of 154 companies have pledged up to NT$697.7 billion in investments since the ministry started a program in January to encourage Taiwanese firms to return and invest at home.
The ministry also announced that it has given the green light to four companies’ applications to invest more than NT$4.6 billion to take part in another government program aimed at encouraging local firms to deepen their roots in Taiwan while upgrading their businesses.
Taichung-based Gain How Printing Co (健豪印刷) plans to invest NT$1.3 billion by introducing smart production lines at a new plant in the Taichung Industrial Park (台中工業區) as it looks to sharpen its competitive edge, the ministry said.
As the trade conflict between the US and China weighs down on the steel industry, carbon steel pipe manufacturer Tension Steel Industries Co (天聲工業) plans to invest NT$1.2 billion by setting up a smart production facility to optimize and elevate its production process, the ministry said.
Wooden furniture hardware manufacturer Zyh Yin Enterprise Co (至盈實業), which supplies Swedish furniture retailer IKEA, is to invest more than NT$900 million by establishing a smart production plant in Kaohsiung’s Yanchao District (燕巢).
The company is also to transform its existing warehouse into a smart facility, the ministry said, adding that Zyh Yin would continue to work with the Industrial Development Bureau to apply artificial intelligence technology at its plant.
Automatic optical inspection specialist Machvision Inc Co (牧德科技), whose clientele covers about 90 percent of Taiwan’s printed circuit board makers, is to invest NT$1.2 billion to expand its production capacity at the Hsinchu Science Park (新竹科學園區) to support clients relocating to Taiwan, the ministry said.
The program, launched in July, has welcomed 24 companies’ applications, representing more than NT$54.1 billion in investments thus far, the ministry said.
Semiconductor shares in China surged yesterday after Reuters reported the US had ordered chipmaking giant Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) to halt shipments of advanced chips to Chinese customers, which investors believe could accelerate Beijing’s self-reliance efforts. TSMC yesterday started to suspend shipments of certain sophisticated chips to some Chinese clients after receiving a letter from the US Department of Commerce imposing export restrictions on those products, Reuters reported on Sunday, citing an unnamed source. The US imposed export restrictions on TSMC’s 7-nanometer or more advanced designs, Reuters reported. Investors figured that would encourage authorities to support China’s industry and bought shares
TECH WAR CONTINUES: The suspension of TSMC AI chips and GPUs would be a heavy blow to China’s chip designers and would affect its competitive edge Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s biggest contract chipmaker, is reportedly to halt supply of artificial intelligence (AI) chips and graphics processing units (GPUs) made on 7-nanometer or more advanced process technologies from next week in order to comply with US Department of Commerce rules. TSMC has sent e-mails to its Chinese AI customers, informing them about the suspension starting on Monday, Chinese online news outlet Ijiwei.com (愛集微) reported yesterday. The US Department of Commerce has not formally unveiled further semiconductor measures against China yet. “TSMC does not comment on market rumors. TSMC is a law-abiding company and we are
FLEXIBLE: Taiwan can develop its own ground station equipment, and has highly competitive manufacturers and suppliers with diversified production, the MOEA said The Ministry of Economic Affairs (MOEA) yesterday disputed reports that suppliers to US-based Space Exploration Technologies Corp (SpaceX) had been asked to move production out of Taiwan. Reuters had reported on Tuesday last week that Elon Musk-owned SpaceX had asked their manufacturers to produce outside of Taiwan given geopolitical risks and that at least one Taiwanese supplier had been pushed to relocate production to Vietnam. SpaceX’s requests place a renewed focus on the contentious relationship Musk has had with Taiwan, especially after he said last year that Taiwan is an “integral part” of China, sparking sharp criticism from Taiwanese authorities. The ministry said
US President Joe Biden’s administration is racing to complete CHIPS and Science Act agreements with companies such as Intel Corp and Samsung Electronics Co, aiming to shore up one of its signature initiatives before US president-elect Donald Trump enters the White House. The US Department of Commerce has allocated more than 90 percent of the US$39 billion in grants under the act, a landmark law enacted in 2022 designed to rebuild the domestic chip industry. However, the agency has only announced one binding agreement so far. The next two months would prove critical for more than 20 companies still in the process
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