Six Companies Expand Investment in Taiwan, Led by Radiant Opto-Electronics Corporation's NT$13.3 Billion Investment

The companies approved this time include Radiant Opto-Electronics Corporation and Shoten Technology under the "Taiwan Business Investment Action Plan," as well as Hengsheng Enterprises, Wugou Precision Industry, Tongcai Ni, and Luojue under the "Small and Medium-Sized Enterprises Action Plan." Each company has submitted plans for smart manufacturing and sustainable development to strengthen their competitiveness.

Radiant Opto-Electronics Corporation, with the largest investment scale, will invest over NT$13.3 billion to build a research and development center and semiconductor-grade cleanroom factory in the Kaohsiung Qianzhen Technology Industrial Park and Zhunan Science Park. The new factory will integrate AI smart manufacturing technology and is expected to hire 480 local employees. The focus will be on the manufacturing and research of wafer-level optical components. Additionally, the company is actively promoting energy-saving and carbon-reduction measures by adopting energy-efficient equipment, water-saving devices, and using green building materials to pursue sustainable development.

Shoten Technology, focused on the development and manufacturing of uninterruptible power systems and power management software, plans to invest over NT$400 million to establish a new production base in the Tainan Xinshi Industrial Park. The new factory will fully integrate smart manufacturing technologies, including automation equipment, robotic arms, and AIoT monitoring systems, while also installing a solar power generation system and adopting energy recovery technology to achieve ESG sustainability goals.

In response to growing demand in the AI semiconductor market, Hengsheng Enterprises plans to invest over NT$200 million to build a new factory in Zhudong Township, Hsinchu County, equipped with automated warehousing, AGV unmanned transport vehicles, and fiber optic laser welding machines, coupled with smart automation software systems to enhance production efficiency. The company also emphasizes environmental sustainability by recycling waste metal plates in the production process through professional services to maximize resource utilization.Wugou Precision Industry will invest nearly NT$600 million to establish a new factory in the Zhongke Erling Park, combining CNC machinery with intelligent technology and optimizing production processes through an ERP data management system. In the green energy sector, the company is actively promoting TRC supercritical turbine systems and biomass green electricity technology, reducing carbon emissions through waste heat recovery and biomass fuel power generation to achieve energy recycling.

Tongcai Ni plans to invest nearly NT$200 million to expand its factory in Lukang Township, Changhua County, introducing automation machinery, IoT, ERP, and MES technologies. The company has successfully developed eco-friendly plant fiber containers and zero-plastic plant fiber eco cups, offering innovative and sustainable solutions for the beauty packaging market. Luojue Company will invest nearly NT$400 million to expand its factory in Waipu District, Taichung City, adding fully automated mattress edge-sealing and smart mattress compression packaging equipment while installing a solar power system to optimize supply chain management and production efficiency.

Three Major Investment Plans in Taiwan Exceed NT$2.5 Trillion! Factory Construction Must Focus on Sustainability

According to the Ministry of Economic Affairs, as of now, the "Three Major Investment Plans in Taiwan" have attracted 1,664 companies, with a total investment exceeding NT$2.527 trillion, expected to create 160,749 local jobs.

Among them, the "Welcome Taiwanese Business Investment Action Plan" has attracted 333 companies, with a total investment of approximately NT$1.3652 trillion, creating 91,537 job opportunities. The "Small and Medium-Sized Enterprise Acceleration Investment Action Plan" has 1,128 companies participating, with investments totaling about NT$572.6 billion, generating 40,591 job opportunities. The Ministry of Economic Affairs pointed out that 15 companies are still awaiting approval, demonstrating that Taiwanese businesses' investment enthusiasm remains strong.

Earlier this month, President Lai Ching-te announced that in line with the government's 2050 net-zero carbon emissions policy and to maintain Taiwan's favorable investment environment, the three major investment plans, initially set to end in 2024, will be extended until 2027. According to the plan, companies applying for investment must present specific carbon reduction plans, with examples including:

-Use of green electricity or installation of renewable energy equipment such as solar power, wind power, and energy storage systems.

-Adoption of energy-efficient or low-carbon emission equipment, such as boilers and thermal equipment using electric power, natural gas, or biomass fuels, as well as electronic industries installing fluorinated gas removal equipment to reduce emissions of high global warming potential gases like HFCs, PFCs, SF6, and NF3.

-Implementation of heat recovery and recycling, such as waste heat power generation, recycling waste materials as raw materials or fuel, and carbon capture and reuse (CCU).

-Planning for green buildings to ensure that factory buildings obtain the Ministry of the Interior's green building certification.

-Other measures contributing to the 2050 net-zero carbon goal, such as conducting carbon audits, building energy management systems, implementing clean production processes, planting trees for carbon reduction, or committing to 100% use of renewable energy (RE100).

Additionally, the Ministry of the Environment has secured NT$10 billion for the "Green Growth Fund" to encourage companies to invest in net-zero and adaptation technologies. Domestic companies must be privately held (non-listed) and engaged in emerging net-zero businesses such as carbon reduction, green energy, and environmental technology. Foreign companies whose main business activities are in Taiwan are also eligible. The maximum investment per company is NT$150 million, with a single investment limit of NT$100 million.

The Ministry of the Environment emphasized that the Green Growth Fund will not only target traditional venture capitalists but also include diverse investment institutions, such as corporate venture capital (CVC), financial institutions, and legal entities with accelerator programs. These measures aim to promote investment in green and sustainable development, driving Taiwan toward its net-zero carbon emission goals.

NEWS reference:https://reurl.cc/M6eYYL