MOEA announced that the three companies include an LED manufacturer, an electronic components maker, and a rubber items producer
Taiwan News
Date: 2019/06/08
By: Central News Agency
TAIPEI (CNA) — Three additional Taiwanese companies operating overseas have pledged to invest a total of NT$37.6 billion (US$1.20 billion) in Taiwan to avoid the possible impact from rising trade tensions between the United States and China, according to the Ministry of Economic Affairs (MOEA).
Investments pledged by the three companies, including LED back light module supplier Shian Yih Electronic Industry Co., another electronics maker and a rubber items producer, which asked not to be named, are expected to create 1,756 new jobs in the local market, the MOEA said.
The investment plans by the three firms boosted the total pledges under an MOEA’s incentive program, which aims to encourage more Taiwanese companies operating overseas to return home, to NT$369 billion so far this year.
The investments from 69 firms are estimated to create a total of more than 33,000 new jobs in Taiwan, the MOEA added. [FULL STORY]