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September 23, 2017

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Delegation to US aims to attract investment, talent

TAIPEI--The Ministry of Economic Affairs said yesterday that Vice Economics Minister Cho Shih-chao will lead a delegation to the United States the following day in a bid to attract potential U.S. investors to Taiwan.

The delegation also aims to target high-tech talent in the hope of recruiting specialists in a wide range of fields, including the semiconductor, optoelectronics, solar energy and software development industries, in a bid to strengthen Taiwan's high-tech industry, the ministry said.

Cho will lead the delegation to New York and the Silicon Valley during the Sept. 5-13 trip, and delegation members are expected to visit more than 10 U.S. companies to promote investment in Taiwan, the ministry said.

During the nine-day trip, the delegation will hold two conferences to brief U.S. companies about Taiwan's investment environment, aiming to attract firms to invest in high-tech businesses, such as green energy, medical equipment, integrated circuit design and cloud computing.

In addition to the high tech sector, the delegation will try to win possible investments in the restaurant and tourism sectors as Taiwan is gearing up to develop its service sector on the back of an increase in the number of foreign tourists, especially visitors from China.

According to the Investment Commission, U.S. investors have injected US$22.68 billion into Taiwan as of July, accounting for 19.11 percent of the island's total in-bound investments. The U.S. served as the largest foreign investor in Taiwan in terms of the investment amount.

To recruit high-tech talent, the ministry said, the delegation will arrange one-on-one meetings for interested candidates, in particular those based in the U.S. high-tech powerhouse -- the Silicon Valley.

The ministry said a total of 32 Taiwanese high-tech firms, including Taiwan Semiconductor Manufacturing Co., United Microelectronics Corp., and flat-panel maker AU Optronics Corp., will join the recruitment event.

The 32 companies will offer about 300 job openings for senior manager positions, engineers, research and development personnel, and marketing specialists and market information researchers, the ministry said.

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