Taiwan’s Ministry of Economic Affairs has approved seven major investment cases, including a NT$60 billion (US$2 billion) commitment from Danish firm Orsted Wind Power TW Holding A/S to establish a holding company for wind energy operations.
The investment approval came during the ministry’s 20th review meeting this year. Orsted’s significant injection represents the largest of three foreign investments approved, strengthening Denmark’s position in Taiwan’s growing offshore wind sector. The company recently opened a US$3.5 billion manufacturing facility in Texas and announced an additional US$4 billion expansion in the United States.
Among other foreign investments, South Korea’s LINE FINANCIAL CORPORATION will inject NT$2.7 billion into Taiwan Line Financial Technology to increase its stake in Line Commercial Bank, while Japan’s East Japan Railway Company will invest NT$1.7 billion in hotel and restaurant businesses.
Taiwan also greenlit four outbound investments, including GlobalWafers’ US$400 million capital increase to its Dutch subsidiary, which will boost its American operations producing 12-inch silicon wafers. The Taiwan-based semiconductor materials manufacturer recently deepened its U.S. presence with a total investment commitment of US$7.5 billion.
Other approved outbound investments include Gold Circuit Electronics’ US$50 million for Thai PCB manufacturing operations, Taiwan Cement’s €370 million investment in Dutch holdings for cement production, and Divine Cloud Technology’s US$200 million for financial management operations in the British Virgin Islands.
