All data are based on the daily closing price as of October 9, 2024

MOEA Approves $944 Million in Foreign Investments, Led by Wiwynn’s $500 Million U.S. Expansion

Wiwynn boosts U.S. subsidiary investment to meet rising AI server demand; other approvals include Silicon Precision, Walsin Lihua, and Fubon Life
Taiwan
w 6669.TW w 1605.TW f 2881.TW a 3711.TW Blue Chip 150 Tech 350 Mid and Small Cap 2000 OM 60 Semicon 75
Share this on

The Investment Review Department of Taiwan’s Ministry of Economic Affairs has approved a cumulative investment of $944 million across four major projects. The largest investment comes from Wiwynn Technology, which is injecting $500 million into its U.S. subsidiary to expand production and purchase raw materials in response to the growing demand for AI servers and cloud computing products.

Silicon Precision Industries, a subsidiary of ASE Technology Holding,  also received approval for a $270 million capital increase in its Malaysian subsidiary to enhance its semiconductor packaging and testing capabilities. This move aims to strengthen Taiwan’s position in the global semiconductor market.

In another notable approval, Walsin Lihwa Co., Ltd. will increase its stake in Indonesian nickel producer PT Sunny Metal Industry to approximately 80%, following a $118.5 million investment. Lastly, Fubon Life Insurance is expanding its real estate investments in British Guernsey with a capital increase of £43.33 million (approximately $55 million).

These investments underscore Taiwan’s strategic focus on bolstering its semiconductor industry and expanding global operations to meet rising technological demands.

Share this on
Jakota Newsletter

Stay ahead in the JAKOTA stock markets with our roundup of vital insights

Icon scroll to top