AUO plans large investment; pledges hit nearly NT$500 billion

Focus Taiwan
Date: 2019/07/26
By: Liao Yu-yang and Frances Huang

Taipei, July 26 (CNA) Another five companies have made pledges to invest in Taiwan under a


government program to draw overseas manufacturers back to Taiwan to boost the total to almost NT$500 billion (US$16.08 billion) this year, the Ministry of Economic Affairs (MOEA) said Friday.

One of the five, Taiwanese flat panel maker AU Optronics Corp. (AUO), has committed to invest more than NT$40 billion in Taiwan, and the five companies combined pledged to invest about NT$45 billion in the country, the MOEA said.

The five companies have brought the number of enterprises committing this year to investing in Taiwan to 98 under an MOEA program to encourage overseas Taiwanese companies to return home or invest more in their existing operations in Taiwan, the MOEA said.

Total investment pledged by the 98 enterprises is now at NT$497.3 billion, according to the MOEA, nearing a NT$500 billion goal for 2019 set by President Tsai Ing-wen (蔡英文), the MOEA said.

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