By: Liao Yu-yang and Frances Huang
Taipei, July 22 (CNA) The value of government approved foreign direct investments in
Taiwan plunged more than 31 percent in the first half of 2017 from a year earlier, due mainly to a high comparison base, according to the Investment Commission.
In the first six months of the year, approved FDI in Taiwan totaled US$3.77 billion, a year-on-year decline of 31.44 percent, while the number of approved FDI applications dropped 4.12 percent from a year earlier to 1,558, the commission’s data showed.
Chu Ping (朱萍), a section chief at the commission, said that Dutch-registered Micron Technology B.V. last year invested about US$3.33 billion in DRAM chip maker Inotera Memories Inc. (華亞科), which boosted Micron’s stake in the Taiwanese company from 33 percent to 100 percent. [FULL STORY]