Five foreign firms to invest NT$11bn

R&D CENTERS:The US and Canadian companies cited Taiwan’s complete supply chains, industry clusters and pool of talent as incentives for investing, an official said

Taipei Times
Date:  Aug 19, 2015
By: Lauly Li  /  Staff reporter

Five foreign semiconductor and pharmaceutical companies are to invest more than NT$11 billion (US$336.9 million) in Taiwan in the next three years, the Ministry of Economic Affairs said yesterday.

To encourage more foreign companies to invest in Taiwan, Vice Minister of Economic Affairs Bill Cho (卓士昭) led a delegation on a visit to 11 companies in the US and Canada from Aug. 8 to Tuesday last week.

“We inked letters of intent with five of the 11 companies, including semiconductor equipment manufacturer S-Cubed Inc and Pharmascience Inc,” Cho told a press conference in Taipei.     [FULL  STORY]

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