Jan
26
Nation short of private investment target: MOEA
Filed Under CH
Nation short of private investment target: MOEA
Leading the domestic investment figures was Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), which injected approximately NT$180 billion, effectively keeping Taiwan’s investment figures afloat in the worldwide economic recession last year.
Economics Minister John Deng (鄧振中) oversaw an MOEA-hosted conference touching on topics such as expanding investment and rejuvenating the domestic economic environment, as well as taking stock of last year’s investment status.
The failure of investments to reach the MOEA’s benchmark was due to the poor economy, Industrial Development Bureau Deputy Director-General Hsiao Chen-jong (蕭振榮) stated.
Taiwan also attracted foreign investment of US$11.07 billion last year, slightly higher than the targeted US$11 billion, Hsiao said.
The MOEA will continue to aim for its NT$1.4 trillion mark, anticipating a continual stagnant global recession this year, he said.
In 2016 the Economics Ministry will continue to focus on attracting domestic and foreign investors into the semiconductor, electronic materials, cloud computing, mobile broadband and biotechnological health care industries.
Braced by Semiconductor and Panel Sectors
Last year’s investment projects and figures were mainly supported by the semiconductor and panel industries, Hsiao stated, the main leading sectors in Taiwan’s economy.
He gave TSMC, which contributed at least NT$180 billion to various locations in Taiwan as an example.
Expansion or the renewal of wafer production equipment comprised the main investment targets for TSMC, Hsiao said.
Another semiconductor heavyweight, which Hsiao did not name, also injected NT$49.7 billion into areas such as Hsinchu and Tainan last year.
Qualcomm and AU Optronics (AUO, 友達光電) invested a total of NT$40 billion in the panel industry, bringing in new production technology such as low-temperature poly-silicon (LTPS, 低溫多晶矽) generations 8.5 and 6, Hsiao said.
Innolux Corporation (群創光電), on the other hand, dished out NT$35 billion, primarily investing in panel research development and production.
IC designer MediaTek Inc. (聯發科) injected NT$20.2 billion in investments last year, mainly contributing to development efforts for the next generation of equipment such as production machinery, he said.
Sectors Struggled: MOEA
According to MOEA data, last year’s private investments saw only a few sectors meeting initial forecasts — metal and electrical machinery, electronic communications and electronic energy supply, while technical services saw investments reaching 95.32 percent of initial forecasts.
However, consumer goods and chemical industries, and wholesale, retail and logistics only saw forecast-achievement rates of 85.65 percent and 83.05 percent, respectively.
Such struggling sectors were named by the MOEA for dragging down 2015’s general private investment figures, achieving only 95.77 percent of initial forecasts, and marking 2015 as the first year to fall short of the MOEA’s forecast benchmark.
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