Three major projects aimed at raising inward investment have delivered positive results by helping local business sectors upgrade operations and have provided a strong boost for the economy, the Ministry of Economic Affairs said Dec. 30.
Since their launch in 2019, the Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan, Action plan for Accelerated Investment by Domestic Corporations and Action Plan for Accelerated Investment by Small and Medium Enterprises have prompted more than 1,400 firms from home and abroad to invest NT$2.17 trillion (US$68.33 billion) in the country and created nearly 149,000 jobs, the MOEA said.
The ministry said the projects successfully led firms to move high-value production or introduce smart manufacturing processes to Taiwan, thus elevating competitiveness in the country’s key industries such as artificial intelligence, electrical vehicles, semiconductor and servers. The moves also aid the high-tech sector move toward net zero emissions by 2050.
Among other examples, Taoyuan City-based Quanta Computer Inc. set up an AI lab to raise global competitiveness and better serve customer information security needs in response to ongoing trade friction between the U.S. and China. The move by the server heavyweight has brought in more than NT$10 billion in investments from firms in related sectors such as computer chassis, power suppliers and printed circuit boards.
Other positive models include Taiwan Semiconductor Manufacturing Co.’s continued expansion over recent years, resulting in NT$66 billion in investments from its 22 suppliers, as well as those made by Tesla’s local suppliers, the ministry added. (SFC-E)
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