Formosa Plastics follows Foxconn in responding to Trump’s love call
Nikkei Asian Review
Date: December 3, 2017
TAIPEI — Formosa Plastics Group, Taiwan’s largest petrochemical producer, is aggressively expanding
Nanya Technology’s DRAM plant in New Taipei City
how much it invests in the U.S., where it has $14.4 billion worth of projects underway.
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The Taipei-based conglomerate earlier this month sold a 2% or so stake in affiliate Nanya Technology, pocketing 4.8 billion New Taiwan dollars ($160 million). FPG previously controlled more than 26% of the world’s No. 4 DRAM producer.
FPG has not unveiled where the money will be directed, but it is likely to supplement the financing of the ongoing U.S. projects. [FULL STORY]
