July 18, 2006
The Department of Investment Services (
DOIS) announced recently that approved foreign investment in Taiwan from Jan. to June of 2006 totaled
USD 6.847 billion, an increase of 582.35% on the same period last year.
The large increase is partly attributed to Philips purchase of shares in Taiwan Semiconductor Manufacturing Corp (TSMC) totaling
USD 3.765 billion.
The
DOIS also pointed out that, according to statistics from the Investment Commission, not including the recent Philips-TSMC transaction, foreign investment in Taiwan for Q1 and Q2 totaled
USD 3.082 billion -- an increase of 195.69%.
Jerry Ou, Director-General of the
DOIS, said that Taiwan appears set to surpass the
DOIS' target for foreign investment of
USD 8 billion, nearly double the amount of foreign investment last year,
USD 4.2 billion.
The majority of foreign investment from Jan. to June was mainly in electronic components manufacturing, finance, and the wholesale and retail industries. According to
DOIS analyses, foreign investment in the manufacturing industries is starting to slow while more growth is appearing in the financial services industry. The
DOIS indicated that it would promote foreign investment in other service industries, including finance and insurance, telecommunications and media, logistics, and engineering consulting, in a bid to effectively expand foreign investment in Taiwan.
(Central News Agency)
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