Solar Applied Materials Technology Co (SOLAR, 光洋應用材料), a part of Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) “green supply chain,” has pledged to invest NT$1 billion (US$34.1 million) to build a new plant at the Tainan Technology Industrial Park (台南科技工業區), the Ministry of Economic Affairs said yesterday.
SOLAR has been collaborating with TSMC to extract precious metals from waste and reuse them as “sputtering target” material in high-end semiconductor manufacturing, a TSMC press release issued in May said.
Established in 1978, SOLAR also offers key materials and integrated services to customers in the optoelectronics, information and communications technology, petrochemicals and consumer electronics industries, information on the company’s Web site says.
Ho Kun-sung (何坤松), chief operating officer and spokesman for the ministry’s InvesTaiwan Service Center, said that the new plant would be the first facility of its kind in Taiwan and would satisfy the demand for sputtering target material for the semiconductor industry for the next five to 10 years.
The new plant is expected to be completed in the second quarter of next year, the center said.
SOLAR’s investment is part of the government’s Invest in Taiwan initiative. The company applied to be a part of the Invest in Taiwan initiative after it became a TSMC supplier, Ho said, adding that it had to commit to certain criteria to qualify.
“We want to encourage high value-added smart manufacturing in Taiwan,” Ho said. “They are not there yet, but they have made the commitment.”
The program provides favorable loan terms, talent and location scouting, and other assistance to attract investment back home.
“It was a very smooth process with Solar Applied Materials because it is a large, publicly traded company, but if smaller companies do not know how to meet the smart manufacturing requirements, we provide them with guidance,” Ho said.
Investment applications by two other firms were also approved yesterday, the ministry said.
Chia Yi Steel Co (嘉鋼精密), a metal components casting company based in Chiayi County’s Minsyong Township (民雄), plans to invest almost NT$200 million to expand its production lines and upgrade its manufacturing equipment.
Alex Global Technology Inc (亞獵士科技), the world’s largest maker of aluminium bicycle rims, is to invest NT$500 million to expand its facilities at the Tainan Shan Shang Industrial Park (臺南山上工業區).
The new facilities are to feature smart production lines that fully automate the rim production process to raise quality and lower labor costs, the ministry said.
The company has in recent years expanded into high-end forged vehicle wheels for sports and racing vehicles, the ministry said.
SELL-OFF: Investors expect tariff-driven volatility as the local boarse reopens today, while analysts say government support and solid fundamentals would steady sentiment Local investors are bracing for a sharp market downturn today as the nation’s financial markets resume trading following a two-day closure for national holidays before the weekend, with sentiment rattled by US President Donald Trump’s sweeping tariff announcement. Trump’s unveiling of new “reciprocal tariffs” on Wednesday triggered a sell-off in global markets, with the FTSE Taiwan Index Futures — a benchmark for Taiwanese equities traded in Singapore — tumbling 9.2 percent over the past two sessions. Meanwhile, the American depositary receipts (ADRs) of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the most heavily weighted stock on the TAIEX, plunged 13.8 percent in
A wave of stop-loss selling and panic selling hit Taiwan's stock market at its opening today, with the weighted index plunging 2,086 points — a drop of more than 9.7 percent — marking the largest intraday point and percentage loss on record. The index bottomed out at 19,212.02, while futures were locked limit-down, with more than 1,000 stocks hitting their daily drop limit. Three heavyweight stocks — Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), Hon Hai Precision Industry Co (Foxconn, 鴻海精密) and MediaTek (聯發科) — hit their limit-down prices as soon as the market opened, falling to NT$848 (US$25.54), NT$138.5 and NT$1,295 respectively. TSMC's
TARIFFS: The global ‘panic atmosphere remains strong,’ and foreign investors have continued to sell their holdings since the start of the year, the Ministry of Finance said The government yesterday authorized the activation of its NT$500 billion (US$15.15 billion) National Stabilization Fund (NSF) to prop up the local stock market after two days of sharp falls in reaction to US President Donald Trump’s new import tariffs. The Ministry of Finance said in a statement after the market close that the steering committee of the fund had been given the go-ahead to intervene in the market to bolster Taiwanese shares in a time of crisis. The fund has been authorized to use its assets “to carry out market stabilization tasks as appropriate to maintain the stability of Taiwan’s
In a small town in Paraguay, a showdown is brewing between traditional producers of yerba mate, a bitter herbal tea popular across South America, and miners of a shinier treasure: gold. A rush for the precious metal is pitting mate growers and indigenous groups against the expanding operations of small-scale miners who, until recently, were their neighbors, not nemeses. “They [the miners] have destroyed everything... The canals, springs, swamps,” said Vidal Britez, president of the Yerba Mate Producers’ Association of the town of Paso Yobai, about 210km east of capital Asuncion. “You can see the pollution from the dead fish.