Taiwan Attracts $11b FDI in 2016

Taiwan’s Ministry of Economic Affairs approved 3,414 foreign direct investment projects (except from China) with a total value of $11.037 billion in 2016, respectively decreasing 9.90% and increasing 130.09% on year, according to MOEA statistics released on Friday, CNA reported. The large on-year growth in value was because Netherlands-based Micron Technology B.V. in May added investment in its Taiwan subsidiary Micron Memory Taiwan specifically to fund investment of $3.334 billion for a 100% stake in Inotera Memories, and Netherlands-based ASML Holding N.V. in late September invested NT$102 billion ($3.2 billion) in its wholly-owned Taiwan subsidiary Epsilon for investment in Hermes Microvision, MOEA indicated. In the same period, MOEA approved 496 outward direct investment projects (except in China) proposed by Taiwan-based companies or individuals with a total value of $12.123 billion, respectively growing 7.36% and 12.82% on year. MOEA approved 158 investment projects proposed by China-based enterprises in 2016 with a total value of $247.62 million. The news agency said 252 direct investments in China proposed by Taiwan-based companies or individuals were approved with a total amount of $9.184 billion, slipping 21.49% and 11.67% respectively on year.