HOMEWARD BOUND: The companies, ranging from a silicon wafer manufacturer to a camera lens maker, plan to spend NT$21bn and hire 1,136 new employees
Date: Jun 03, 2019
By: Natasha Li / Staff reporter
The Ministry of Economic Affairs on Thursday said that it had approved five more companies’ applications to participate in a three-year government program to boost domestic investment.
The five companies are to invest NT$21 billion (US$664 million), driving total investments by Taiwanese businesses moving production lines back home to more than NT$330 billion since the launching of the program in January.
Thus far, the ministry has approved 66 companies’ applications to invest in the nation, it said, adding that they bring with them more than 31,300 job opportunities.
Universal Microelectronics Co (環隆科技), a consumer electronics component manufacturer, plans to expand its existing plant in Taichung’s Nantun Industrial Park (南屯工業區) by adding information and communications production lines and scaling up its capacity. [FULL STORY]