Taiwan’s Investment Commission approved eight major investment applications at its 18th meeting on the 26th, including TSMC’s $10 billion capital injection into its British Virgin Islands subsidiary.
The commission said TSMC’s investment in TSMC GLOBAL LTD. is primarily for foreign exchange hedging purposes, with funds to be allocated to bank deposits and bond investments. This marks the chip giant’s third approved capital increase to this subsidiary in the past year, totaling approximately $18 billion.
The approvals included two foreign investments into Taiwan worth NT$95.9 billion ($3.2 billion). Google Engineering UK Holdings will inject NT$70 billion into its local engineering unit, while Amazon’s A100 ROW will invest NT$25.9 billion in its Taiwan data center services subsidiary.
Other outbound investments include Unimicron Technology’s acquisition of Japan’s LINCSTECH for ¥281.6 billion, Wiwynn’s $300 million establishment of a U.S. subsidiary for cloud server production, and CTBC Bank’s $170 million loan investment in its Philippine unit.
The commission also approved two investments in China: Unitech’s $65 million capital increase to its Changshu subsidiary and Truck-Lite’s RMB 310.5 million indirect acquisition of shares in a Chinese joint venture following an international arbitration decision.
