Four high tech companies announce investments hence pledges achieve the target of NT$500 billion

Four high tech companies announce investments hence pledges achieve the target of NT$500 billion

According to the Ministry of Economic Affairs (MOEA), 4 more companies of high tech have promised investments in Taiwan because of the incentive program of the government for encouraging the Taiwanese enterprises that are operating overseas to come back home, boosting the total pledges to about 540 billion NT dollars (17.22 billion US dollar) so far this year.

On Thursday, The MOEA said that the 4 electronics companies including the maker of printed circuit board (PCB), Unimicron Technology Corporation, services provider of electronics ODM and OEM Qisda Corporation, the supplier of chip resistor Ta-I Technology Corporation, and the producer of diode and related items Taiwan Semiconductor Corporation had planned to invest over 32.5 billion NT dollars in Taiwan.

The 4 companies have brought the total number of firms which have committed to invest in Taiwan this year to 106, because of a program of MOEA which is trying to encourage the overseas Taiwanese companies to come back home or to invest more in the already existing operations in Taiwan, said the ministry, adding that the investments could potentially raise over 45,700 new jobs.

The MOEA had launched their incentive program in January for encouraging those Taiwanese companies which have shifted completely or part of their operations abroad in the recent decades, especially to China, for investing more in Taiwan in order to avoid the high duties of United States on products that are made in China.

Before the 4 new pledges, last week, the total number of planned investments in the MOEA program had topped the target of 500 billion NT dollars for the year 2019 that was set by President Tsai Ing-wen.