The Taiwan Investment Office of the Ministry of Economic Affairs of the Republic of China approved investment applications from 11 companies on the 12th and 13th of December. Up to now, the “Invest in Taiwan Three Major Projects” have attracted approximately 1,603 companies with a total investment of about NT $2.445 trillion (approximately US $78.57 billion).
The Investment Office of the Ministry of Economic Affairs of the Republic of China stated that among the recent approvals, the investments include MSI Micro-Star Technology, AAEON Technology, and Hongzheng Automation under the program for Taiwanese businesses returning to Taiwan, Zhonglian Resources under the program for existing enterprises staying in Taiwan, and Jinzhou Machinery, Yongju Precision, Qianda Precision, Yuanzhang Biotechnology, LVD Medical Innovation, Xinfu Textile, and Qingquan Technology Agriculture under the program for small and medium-sized enterprises, with a total investment of over NT $26.1 billion (approximately US $839 million).
MSI Micro-Star Technology has become a leading brand in the AI PC and Artificial Intelligence Internet of Things (AIoT) field. In response to the development of the AI era, MSI Micro-Star Technology will construct a new factory and establish a research and development center in Taoyuan to invest in AIoT product development and manufacturing, enhancing the company’s production capacity and competitiveness.
AAEON Technology is a leading industrial computer manufacturer in Taiwan. To enhance the existing production capacity and optimize the production process, it will invest nearly NT $3.6 billion (approximately US $116 million) to build a smart new factory and research and development center in Zhonghe District, New Taipei City, introducing advanced equipment such as AI and AR to improve product quality precision and accuracy.
Hongzheng Automation is a global leader in intelligent manufacturing and IoT solutions. It will invest over NT $1.1 billion (approximately US $35 million) to build an energy-efficient and carbon-reducing green building factory in Taoyuan. High-speed punching and fiber laser composite processing equipment will be introduced, along with a fully automated material management system to enhance production efficiency and product quality.
Zhonglian Resources, jointly invested by China Steel and Cement Corporation, is the largest domestic slag powder producer and professional resource recycling company in the country. In order to increase production capacity and address equipment aging issues, Zhonglian Resources will invest nearly NT $600 million (approximately US $19 million) in expanding production facilities and production lines.
Jinzhou Machinery, specializing in the R&D and manufacturing of grease guns and pneumatic fastening tools, will invest nearly NT $300 million (approximately US $10 million) to construct a smart factory in Nantou County. The factory will introduce international standard automated production equipment, digital management systems, and equipped with solar photovoltaic systems to reduce carbon emissions, promoting sustainable development policies.
Yongju Precision is the only super-large metal processing machine manufacturer in Taiwan. Initially applying for the small and medium-sized enterprise investment plan in 2020, to expand production capacity and meet market demands, it will invest nearly NT $800 million (approximately US $26 million) to establish a new factory in Changhua County, implementing a smart factory to comprehensively upgrade production efficiency and technological capabilities.
Qianda Precision, specialized in fixture processing and automation machinery development, aims to expand in the international market. It will invest approximately NT $400 million (approximately US $13 million) to build a smart factory in Chiayi Science Park, fully integrating AI technology and applications to achieve automated production and provide customers with high-quality manufacturing solutions.
The Taiwan Investment Office stated that as of now, the “Invest in Taiwan Three Major Projects” have attracted over 1,603 companies with investments exceeding NT $2.445 trillion, estimated to create 158,299 domestic employment opportunities. Among them, the “Welcome Taiwanese Businesses Back to Taiwan Investment Action Plan” has seen 326 companies invest approximately NT $1.3356 trillion (approximately US $42.928 billion), bringing about 96,640 job opportunities.
Furthermore, the “Stay in Taiwan Enterprises Accelerated Investment Action Plan” has attracted 201 companies with investments of approximately NT $587.9 billion (approximately US $18.896 billion), creating 28,537 job opportunities; while the “SMEs Accelerated Investment Action Plan” has already enticed 1,076 companies to invest around NT $521 billion (approximately US $16.746 billion), generating 39,098 job opportunities. There are still 50 companies waiting in line for review.