The Department of Investment Review within Taiwan's Ministry of Economic Affairs (MOEA) has approved five investments by Taiwanese technology firms involving overseas capital injections and acquisitions. These moves aim to expand business operations, enhance global presence, and improve foreign exchange management.
According to a press release, TSMC also made a significant move, investing US$10 billion into its British Virgin Islands unit, TSMC Global Ltd., to conduct general investment activities. The company said the move allows it to redeploy its own foreign currency holdings into TSMC Global Ltd., generating returns from bank deposits and bond investments while lowering foreign exchange hedging expenses.
Nuvoton Technology injected JPY15 billion (approx. US$101.76 million) into its Japanese subsidiary, Nuvoton Technology Corporation Japan, to support IC product design, development, production, and electronic component manufacturing.
Meanwhile, Hung Yuan International Investment, a subsidiary of Foxconn, acquired 100% of Japanese firm Sharp Fukuyama Laser for JPY 15.5 billion. The company will continue Sharp Fukuyama's semiconductor laser development, semiconductor and component manufacturing, and wafer foundry services.
In the US, Wiwynn increased its investment in Wiwynn International Corporation by US$500 million to expand sales of high-density servers and storage solutions.
Optical lens maker Largan Precision injected US$240 million into Samoa-based Astro International Limited, a holding company, to better manage currency fluctuations and reduce hedging costs.
Article edited by Jack Wu
