Companies pledging to boost investment include Merry Electronics, Cheng Loong Corp., AcBel Polytech and unnamed optoelectronics firm

Taiwan News
Date: 2019/07/20
By:  Central News Agency

TAIPEI (CNA) — Another four Taiwanese companies have pledged to boost their investment in

Taiwan amid the trade friction between the United States and China, raising total pledges to more than NT$450 billion (US$14.52 billion) so far this year.

The four companies have promised to increase their investment in Taiwan by more than NT$8.2 billion in total, which is expected to create an additional 2,000 jobs, the Ministry of Economic Affairs (MOEA) said Friday .

They are electro-acoustic product supplier Merry Electronics Co., paper product manufacturer Cheng Loong Corp., power management solution provider AcBel Polytech Inc., and an optoelectronics maker that has asked not to be identified, the MOEA said.

The planned investments by the four companies have raised the total amount pledged under an MOEA program to encourage overseas Taiwanese companies to return home or invest more in their existing operations in Taiwan to NT$452 billion from 93 companies, the MOEA said.
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