Date: Mar 27, 2020
By: Natasha Li / Staff reporter
The Ministry of Economic Affairs yesterday gave the green light to Good Way Technology Co’s (東碩資訊) application to invest up to NT$700 million (US$23.1 million) in Taiwan under a three-year program that provides incentives for overseas Taiwanese companies to invest back home.
Good Way, which specializes in docking stations and counts Intel Corp among its major clients, plans to set up a manufacturing facility in New Taipei City’s Sijhih District (汐止), the ministry said in a statement.
Good Way, which has a research and development facility in Taiwan and only one manufacturing plant — in Kunshan, China — decided to expand its operations in Taiwan to meet customers’ requests that it diversifies its production to lower risks amid trade tensions between the US and China, the ministry said.
The ministry also approved three other companies’ investment applications: mechanical parts maker Chenming Electronic Tech Corp (晟銘電子), golf club manufacturer Juming Co (鉅明) and storage furniture maker Huei Tyng Enterprise Co (輝庭企業). [FULL STORY]