NT$310 billion investment pledged by returning Taiwanese firms: MOEA

Focus Taiwan
Date: 2019/05/23
By: Tsai Peng-min, Liao Yu-yang and William Yen 
Taipei, May 23 (CNA) More than NT$310 billion (US$9.82 billion) in investment has been pledged by Taiwanese firms planning to invest at home as of Thursday, when six more firms responded to government efforts to attract investment from overseas Taiwanese firms, according to the Ministry of Economic Affairs (MOEA).

The six companies — manufacturing service provider Pegatron, hardware and software solutions provider Adlink Technology Inc., air-conditioner maker Rechi Precision, air compressor manufacturer Fusheng Co., Ltd, an unnamed communications company and an unnamed molding company — are expected to invest over NT$22.1 billion and create about 1,640 new jobs, the ministry said.

As the United States-China trade dispute continues to intensify, the world’s second largest electronics original equipment manufacturer Pegatron is actively diversifying risk by expanding its presence in Taiwan, the MOEA pointed out.

The company is establishing a research and development facility in Taipei’s Guandu area, purchasing production facilities in New Taipei’s Xindian District and expanding existing production lines in Taoyuan’s Guishan District, which will bring in up to NT$14.9 billion in investment and create more than 1,000 new jobs, the MOEA said.

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