Hsinchu Science Park production up 4.25% in first half of year

The integrated circuit and optoelectronics industries accounted for 88.2 percent of the park’s production for the January-June period, according to the administration.

The production value of optoelectronics companies within the park amounted to NT$103.03 billion, up 41.86 percent year-on-year, thanks to continued growth of flat panel display manufacturers and individual optoelectronics giants, such as AUO.

The integrated circuit manufacturers’ production value totaled N$385.064 billion, rising only 0.28 percent year-on-year largely due to the weak performance of the DRAM industry, the administration said.

Despite the overall increase in production, several industries in the park experienced declines for the first half of the year, including the precision machinery industry, down 2.97 percent to NT$5.604 billion, and the biotechnology industry, down 6.83 percent to NT$1.669 billion.

Randy Yen, director-general of the park’s administration, said that although the local economy and manufacturers continue to face challenges brought about by the U.S. subprime crisis, high oil prices and global economic sluggishness, the park’s production is expected to increase in the second of half of this year as the various high-tech industries within the park enter their high seasons.

The park’s production value is forecast to reach NT$1.198 trillion for this year, which would represent an increase of 4.53 percent over the year-earlier figure, according to Yen.

He further said that the park, with its top quality facilities, has helped bring about sustainable development for Taiwan’s economy.

Yen predicted that 500 companies will be established within the park by the year 2011, at which time the park’s production is likely to reach the NT$1.5 trillion mark.

The Hsinchu Science Park, which was established by Taiwan’s government in 1980, is located in northern Hsinchu County, about 70 kilometers from Taipei City.

A total of 441 mainly high-technology companies have set up shop within the 883 hectare park to date, employing some 130,000 workers, according to the administration.

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