Taiwan FDI Tops $10.6b

Taiwan’s Ministry of Economic Affairs approved 3,093 foreign direct investment projects (except from China) with a total value of $10.634 billion in January-November 2016, respectively decreasing 9.35% and increasing 157.58% on year, according to MOEA statistics released on December 20, Focus Taiwan reported. The large on-year growth in value was because Netherlands-based Micron Technology B.V. in May increased its investment in Taiwan subsidiary Micron Memory Taiwan via an indirect investment of $3.334 billion to fund a 100% stake in Taiwan-based memory maker Inotera Memories. Additionally, Netherlands-based ASML Holding N.V. in late September invested New Taiwan $102,000 billion in its wholly-owned Taiwan subsidiary Epsilon to fund investment in Hermes Microvision, MOEA indicated. In the same period, MOEA approved 465 outward direct investment projects (except in China) proposed by Taiwan-based companies or individuals with a total value of $11.255 billion, respectively growing 11.78% and 16.86% on year. Also in January-November, MOEA approved 141 investment projects proposed by China-based enterprises with a total value of $228.96 million.