Ten foreign companies have signed letters with the Ministry of Economic Affairs, confirming their intention to invest nearly NT$90 billion (US$2.86 billion) between them in Taiwan over the next three years.
The agreements were signed at an annual global investment forum in Taipei and were announced on Monday by Minister of Economic Affairs Wang Mei-hua (王美花).
The companies include French industrial gas firm Air Liquide SA; Lam Research Corp, a US manufacturer of equipment used to make semiconductors; and Nitto Denko Corp, a Japanese manufacturer of insulating materials, Wang said.
Photo: CNA
US industrial gas company Air Products and Chemicals Inc, and Air Liquide Far Eastern Ltd (亞東工業氣體), a joint venture established in 1987 by Air Liquide and Far Eastern Group (遠東集團), plan to expand their operations in Taiwan, Wang said.
Japanese firm Fujifilm Electronic Materials Co plans to build a factory for advanced manufacturing, Lam Research is to build a research and development (R&D) center for high-end technologies, and British semiconductor company IQE PLC plans to expand its R&D facility in Hsinchu, she said.
The others intending to expand their presence in Taiwan are South Korean e-commerce company Coupang Inc, Japanese retailer Muji and Zacros, Japan’s leading manufacturer of single-use bags, the ministry said.
The letters represent concrete action by the 10 companies, showing their confidence in Taiwan’s investment environment, Wang said.
Over the past three years, international companies have invested more than US$3.3 billion in Taiwan, she said.
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