Focus Taiwan
Date: 2019/12/20
By: Flor Wang and Liao Yu-yang

Taipei, Dec. 20 (CNA) Foreign investment in Taiwan during the first 11 months of the year was up nearly 20 percent year on year, driven mainly by investment from European wind power developers, the Investment Commission (IC) reported Friday.

During the January-November period, foreign investment in the domestic market totaled US$10.29 billion, a 19.97 percent increase on an annual basis, the IC said, attributing the rise to investment by Germany's wpd AG and Demark's Ørsted Wind Power TW Holding A/S, both offshore wind energy developers.

Investment by Ørsted and wpd accounted for about 40 percent of the total during the 11-month period, while Google Inc. and Micron Technology B.V. also injected US$835 million and US$2.123 billion, respectively, IC said.

At the same time, investment by countries targeted by Taiwan's New Southbound Policy amounted to US$897 million, jumping 166.3 percent from a year ago, with Australia and Singapore posting the largest increases, according to the IC.    [FULL  STORY]