Netherlands-based ASML Holding NV, a leading global supplier of semiconductor production equipment, has received the green light to invest more than NT$10 billion (US$314 million) in Taiwan to set up a plant in New Taipei City’s Linkou District (林口).
The Investment Commission has approved an application by ASML to infuse about NT$5.65 billion and 140 million euros (US$152 million), which is in excess of NT$10 billion in total, into ASML Taiwan Ltd (台灣艾司摩爾), a subsidiary that specializes in wafer measuring equipment and provides its clients with technological support and training, it said in a statement.
Commission spokesperson Su Chi-yen (蘇琪彥), said the Dutch-based company filed an application with the authorities for approval of the investment plan it announced late last year to build a plant in Linkou.
Photo: Reuters
In November last year, when the investment plan was announced, ASML said it would invest globally and in Taiwan to prepare for the company’s continued growth, while supporting global customers and the development of the semiconductor industry.
ASML is the world’s sole supplier of extreme ultraviolet (EUV) lithography photolithography machines used by semiconductor manufacturers to produce chips.
Currently, ASML has 60 operations hubs in 16 countries worldwide, with Taiwan being its largest hub in Asia. In Taiwan, ASML has four client support centers, two R&D centers and two training centers, and is believed to provide EUV machines to the world’s largest contract chipmaker Taiwan Semiconductor Manufacturing Co (台積電).
In addition to ASML, the commission said it approved a plan submitted by Netherlands-based Yahoo Holdings BV to inject about NT$3.6 billion into Yahoo! Digital Marketing Ltd (雅虎數位行銷), which provides electronic information services and advertising services in Taiwan.
Meanwhile, CTBC Bank Co (中信銀行) was approved to remit US$37.05 million to CTBC Bank (Philippines) Corp as a loan to conduct banking business in the Southeast Asian country, and Hon Hai Precision Industry Co (鴻海精密) secured approval to invest US$329 million in Foxconn Singapore Pte Ltd for the company’s investments in India and Vietnam, the commission said.
TAKING STOCK: A Taiwanese cookware firm in Vietnam urged customers to assess inventory or place orders early so shipments can reach the US while tariffs are paused Taiwanese businesses in Vietnam are exploring alternatives after the White House imposed a 46 percent import duty on Vietnamese goods, following US President Donald Trump’s announcement of “reciprocal” tariffs on the US’ trading partners. Lo Shih-liang (羅世良), chairman of Brico Industry Co (裕茂工業), a Taiwanese company that manufactures cast iron cookware and stove components in Vietnam, said that more than 40 percent of his business was tied to the US market, describing the constant US policy shifts as an emotional roller coaster. “I work during the day and stay up all night watching the news. I’ve been following US news until 3am
UNCERTAINTY: Innolux activated a stringent supply chain management mechanism, as it did during the COVID-19 pandemic, to ensure optimal inventory levels for customers Flat-panel display makers AUO Corp (友達) and Innolux Corp (群創) yesterday said that about 12 to 20 percent of their display business is at risk of potential US tariffs and that they would relocate production or shipment destinations to mitigate the levies’ effects. US tariffs would have a direct impact of US$200 million on AUO’s revenue, company chairman Paul Peng (彭雙浪) told reporters on the sidelines of the Touch Taiwan trade show in Taipei yesterday. That would make up about 12 percent of the company’s overall revenue. To cope with the tariff uncertainty, AUO plans to allocate its production to manufacturing facilities in
Six years ago, LVMH’s billionaire CEO Bernard Arnault and US President Donald Trump cut the blue ribbon on a factory in rural Texas that would make designer handbags for Louis Vuitton, one of the world’s best-known luxury brands. However, since the high-profile opening, the factory has faced a host of problems limiting production, 11 former Louis Vuitton employees said. The site has consistently ranked among the worst-performing for Louis Vuitton globally, “significantly” underperforming other facilities, said three former Louis Vuitton workers and a senior industry source, who cited internal rankings shared with staff. The plant’s problems — which have not
COLLABORATION: Given Taiwan’s key position in global supply chains, the US firm is discussing strategies with local partners and clients to deal with global uncertainties Advanced Micro Devices Inc (AMD) yesterday said it is meeting with local ecosystem partners, including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), to discuss strategies, including long-term manufacturing, to navigate uncertainties such as US tariffs, as Taiwan occupies an important position in global supply chains. AMD chief executive officer Lisa Su (蘇姿丰) told reporters that Taiwan is an important part of the chip designer’s ecosystem and she is discussing with partners and customers in Taiwan to forge strong collaborations on different areas during this critical period. AMD has just become the first artificial-intelligence (AI) server chip customer of TSMC to utilize its advanced
RSS