AstraZeneca Plans Major Investments Observing the 70th anniversary of its presence in Taiwan, pharmaceutical giant AstraZeneca announced plans to invest an additional NT$1 billion (over US$32 million) here in the next three years. AstraZeneca Taiwan president Simon Manners said the company will launch 10 new medicines by 2021, three of which have received priority approval…

Taiwan’s chains are focusing on providing hyperlocal services in smaller spaces. Taiwan’s supermarkets in recent years have been morphing into a hybrid type all its own in response to the growing trend for consumers to prioritize convenience and service over huge product selection. In the past, Taiwanese consumers might patronize a department store once a…

Foxconn Pursues More Wisconsin Initiatives Foxconn Technology Group, known in Taiwan as Hon Hai Precision Industry Co., is following up its planned US$10 billion investment in Wisconsin to build an LCD-panel plant with several additional commitments in the Mid-Western state. At a ceremony in late August at the University of Wisconsin-Madison, Foxconn CEO Terry Gou…

Fresh baked goods and theme-based stores are also drawing customers. In order to better serve as one-stop supply stations for local people in their daily life, Taiwan’s convenience stores are expanding their floor space, adopting more sophisticated technology, taking on more functions, and seeking to make their store layouts more attractive. 7-Eleven, the largest convenience…

The government seems receptive to the idea of greater flexibility in public-project contracts. In each of the last two editions of AmCham Taipei’s annual Taiwan White Paper, the Chamber’s Infrastructure & Engineering Committee encouraged the government to make use of an option called “alternative methodology” when tendering public infrastructure projects. Increasingly common in other construction…