By: Hao Hsueh-chin and Evelyn Kao
Taipei, Nov. 1 (CNA) Firms in the Central Taiwan Science Park (CTSP) saw a smaller decline in sales revenues over the first eight months of this year from the same period of last year and are expected to post positive growth in business turnover for 2016, with double-digit growth next year, Chen Ming-huang (陳銘煌), director-general of the CTSP administration, said on Tuesday.
Although revenue dipped 1.18 percent year-on-year to NT$322.27 billion (US$10.22 billion) from January to August, the fall narrowed compared with the previous year, according to statistics released by the administration.
In addition, firms in the park saw 159.43 percent growth in imports from January to September due mainly to investment from semiconductor industry giants in advanced process technologies and solutions, high-end production equipment and raw materials, resulting in increased imports of semiconductor manufacturing equipment, according to Chen.
Chen said that an estimated NT$550 billion is to be invested in expanding park facilities in the near future, creating about NT$300 billion in the annual output and 6,900 jobs. [FULL