Taiwan-US investments, collaborations on the rise among firms: MOEA
By Ted Chen ,The China Post
December 18, 2013, 12:14 am TWN
TAIPEI, Taiwan -- The Ministry of Economic Affairs (MOEA) yesterday stated that joint endeavors between enterprises of Taiwan and the U.S. are on the rise, accumulating 17 instances of collaborative initiatives, and 10 direct investments totaling at NT$7.145 billion to date this year.
The results were announced yesterday by the Industrial Development Bureau, MOEA, during a conference reviewing U.S.-Taiwan industrial relations this year, and outlining plans for next year.
According to the bureau, the 10 investment deals from U.S.-based companies reached NT$7.145 billion this year, creating over 500 employment opportunities while creating potential revenues exceeding NT$290.8 billion.
Among the list of U.S. companies investing in Taiwan, the bureau mentioned Synaptics, a touch interface integrated circuit developer, who is planning to invest NT$510 million in a research and development center in Taiwan over an upcoming three-year period.
Dell Inc. is also planning to establish an energy-efficient cloud computing data center, posing to invest NT$1 billion over a three-year period. In addition, the company plans to increase procurement amounts from Taiwanese suppliers to NT$15 billion, beginning in 2016.
JHL Biotech (喜康生技), a company led by industry veterans from Genetech and Amgen, is poised to allocate NT$450 million to establish facilities at the Hsinchu Biomedical Science Park (新竹生技園區).
In addition to direct investments, U.S.-Taiwan industrial relations this year concluded 52 counts of patent licensing agreements, said the bureau.
For next year, the bureau stated that industrial counterparts in U.S. and Taiwan are both eying the fledgling cloud computing sector, saying that it is aware of three to five ongoing investment deals.
Meanwhile, Google had previously announced the commencement of operations of its data center based in Changhua, and plans to double investment to US$600 million.
The bureau yesterday expressed an upbeat outlook, saying that it is likely that investment amounts from U.S.-based enterprises will surpass this year's NT$7.145 billion benchmark.