A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Inbound FDI Drops by Over 18% in 2021 The Investment Commission announced on January 20 that it approved 2,711 foreign direct investment (FDI) applications in 2021, a 20.68% decrease from the year before. FDI last year totaled US$7.48…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Merck Announces Largest-Ever Taiwan Investment German science and technology firm Merck announced last week that it will invest approximately NT$17 billion in Taiwan over the next 5-7 years. The funds will primarily go toward the establishment of a…
Second EPPD Held Virtually in November The second annual U.S.-Taiwan Economic Prosperity Partnership Dialogue (EPPD) took place on November 22. The U.S. State Department-led forum seeks to strengthen economic ties between the two partners in a number of strategic areas. This year’s EPPD was conducted virtually by the American Institute in Taiwan (AIT) and the…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Entegris Doubles Investment in New Kaohsiung Plant American semiconductor materials company Entegris last week announced plans to double investment in its new Kaohsiung plant. The investment will total around US$500 million over the next three years. Sales of…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS First Commercial Geothermal Plant Goes Online The Cingshuei Geothermal Power Plant, Taiwan’s first commercial geothermal power-producing facility, began operations on November 23. The plant’s most significant feature is its ability to produce a 24-hour supply of renewable energy….
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS TSMC and Sony to Build Japan Chip Plant Taiwan Semiconductor Manufacturing Co. (TSMC) and Sony Semiconductor Solutions Corp. (SSS), a wholly owned subsidiary of Sony Group, announced on November 9 the joint establishment of Japan Advanced Semiconductor Manufacturing…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS China Airlines and EVA Air quarterly profits surge, plan to resume Taipei-London flights in December Rising air cargo prices and volumes drove China Airlines Ltd.’s (CAL) third-quarter revenue to skyrocket, reaching NT$34.474 billion – an annual increase of…
Hon Hai Unveils First EV Models At its 2021 Hon Hai Tech Day, Hon Hai Precision Industrial Co. – better known as Foxconn – unveiled three electric vehicle prototypes: The Model C SUV, Model E sedan, and Model T electric bus. The vehicles are part of a new “Foxtron” joint venture between Foxconn and the…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS U.S. Request Rattles Taiwan Chipmakers The U.S. Department of Commerce on September 24 requested that semiconductor companies from around the world submit “information about inventories, demand, and delivery dynamics.” Information requested included the companies’ “book-to-bill” ratio – the…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Inflation Hits Taiwan’s Restaurant Industry Taiwanese restaurant group Wowprime Corp. has announced that, starting from October 25, it will raise prices at its 15 restaurant establishments by around 5%. Wowprime, whose brands in Taiwan include popular spots…
