Taiwan’s minister of economic affairs discloses priorities

To this day the total investment in Taiwan by reshoring businesses has reached NT$800 billion (about US$26.5 billion)

Taiwan News
Date: 2020/01/22
By: George Liao, Taiwan News, Staff Writer

TAIPEI (Taiwan News) — Minister of Economic Affairs Shen Jong-chin (沈榮津) said on Wednesday that his work priorities for this year are to facilitate investment by reshoring Taiwanese businesses and to increase job opportunities for the people, CNA reported on Wednesday.

To this day the total investment in Taiwan by reshoring businesses has reached NT$800 billion (about US$26.5 billion), the minister noted.

Speaking to Taiwan's industrial strength, Shen said that multinational corporations, such as Facebook, Google, Amazon and Nvidia, have invested in Taiwan, making Taiwan an important research center for emerging technologies, according to the report.

With regard to the semiconductor sector, the minister went on to say that the yield of Taiwan Semiconductor Manufacturing Company’s (TSMC) five-nanometer chips has reached 90 percent, exceeding those of Samsung and Intel, the report said.    [FULL  STORY]