Taiwan approves TSMC s plan to expand Nanjing, China chipmaking plant
07/30/2021 12:11 PM
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Taipei, July 30 (CNA) A plan by the world s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co. (TSMC), to expand production in its plant in China s Nanjing City has been approved by the Investment Commission under Taiwan s Ministry of Economic Affairs.
The commission said TSMC s Nanjing expansion plan secured a greenlight because the investment will come from the chipmaker s earnings made from the China plant, instead of from the company s other funding sources, so it is not expected to impact its paid-in capital.
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Approved FDI down almost 40% in 1st half of 2021
07/21/2021 12:40 PM
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Taipei, July 21 (CNA) The value of approved foreign direct investment (FDI) in Taiwan in the first half of 2021 plunged almost 40 percent from a year earlier, according to the Investment Commission.
The commission said the decline reflected the COVID-19 pandemic, which has created economic uncertainty, and the relatively high base of comparison set in the first half of 2020.
Taiwan s government approved US$2.34 billion in FDI during the January-June period, down 39.09 percent year-on-year, commission data showed. The number of approved FDI plans also fell 22.22 percent to 1,313 in the six-month period.