Approved FDI in Taiwan shows more than 31% drop

Focus Taiwan
Date: 2017/07/22
By: Liao Yu-yang and Frances Huang

Taipei, July 22 (CNA) The value of government approved foreign direct investments in

CNA file photo

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]

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