27 Multinationals to Invest NT$100 B. in Taiwan

Twenty-seven foreign enterprises, including HP, IMEC, and other hi-tech heavyweights, will sign letters of intent with the Ministry of Economic Affairs today (Sept. 21) for investments in Taiwan at a total scale of NT$108.25 billion, which will create 12,900 job vacancies.

The signing of such documents will be the highlight for 2010 Taiwan Business Alliance Conference, which will open today at the International Convention Center, in downtown Taipei.

An MOEA official pointed out that cross-Taiwan Strait Economic Cooperation Framework Agreement (ECFA), which just took effect, is the major factor behind the active foreign investments.

Majority of those enterprises come from the U.S. Europe, and Japan, mainly in the fields of optoelectronics, semiconductor, and cloud-end computing.

HP, for instance, will invest NT$3.6 billion for upgrading its original Taiwan R&D center into an Asia-Pacific R&D center and making Taiwan a logistics center for finished products, capitalizing on the island’s R&D talent pool and convenient Asia-Pacific transportation network.

IMEC of Belgium, a prestigious industrial R&D institution, will sink NT$150 million in setting up a semiconductor innovative application center, which will facilitate the cooperation for R&D with Taiwanese IMEC members, such as TSMC (Taiwan Semiconductor Manufacturing Corp.) and Powerchip, and local academic institutions, such as National Taiwan University and National Chiao Tung University.

ASML of Holland, a semiconductor equipment manufacturer, will invest NT$1.1 billion to expand the scale of its R&D center in Taiwan. Qualcomm will formally unveil its US$2 billion joint venture with Foxlink of Taiwan for developing color e-readers.

(by Philip Liu)

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