Taiwan’s Ministry of Economic Affairs Investment Commission convened its 33rd meeting on the 30th, approving 11 major investment cases in one session. The most notable were the two major offshore wind developers, Ørsted and Hai Long Wind Power, committing a combined total of nearly NT$74 billion (approximately $2.3 billion) to continue investing in Taiwan’s wind farm construction. The meeting also approved nine outbound investment cases totaling approximately $1.633 billion (about NT$53 billion), covering diverse fields including semiconductors, biotech pharmaceuticals, networking devices, and AI servers.
The two approved foreign investment cases both focused on offshore wind energy. Danish firm Ørsted (ORSTED WIND POWER TW HOLDING A/S) received approval for a NT$40 billion (approximately $1.2 billion) loan investment in Ørsted Northwest Greater Changhua Holding Co., Ltd. The funds will be used to support operational expenditures related to the offshore wind construction of Greater Changhua Northwest Offshore Wind Power Co., Ltd.
The other case involves Dutch firm Hai Long Wind Power (MIT HAI LONG WIND POWER B.V.), which will increase capital in Yushan Energy Co., Ltd. with foreign currency equivalent to NT$33.95 billion (approximately $1.0 billion), and then reinvest in Hai Long 2 Wind Power Co., Ltd. and Hai Long 3 Wind Power Co., Ltd., to cover various costs during the construction period of the Hai Long offshore wind project.
In terms of outbound investment, electronic manufacturing and technology firms were active in their strategic deployments. ASE Technology Holding Co., Ltd. (3711.TW) will increase capital in its Malaysian subsidiary, ASE ELECTRONICS (M) SDN. BHD., by $120 million to acquire a Malaysian subsidiary held by U.S.-based Analog Devices Inc. Upon completion of the acquisition, the entity will be renamed ASE SEMICONDUCTOR (PENANG) SDN. BHD., focusing on the packaging and testing of high-performance analog and other chips.
Networking giant Accton Technology Corporation (2345.TW) had two investment cases approved. One involves a $91.76 million capital increase in its Singapore subsidiary, ACCTON TECHNOLOGY SG PTE. LTD., for network communication product manufacturing. The other is an $80 million capital increase in its Vietnamese subsidiary, VIETNAM ACCTON TECHNOLOGY COMPANY LIMITED, to expand its communication device production and manufacturing footprint.
Lite-On Technology Corporation (2301.TW) will also increase capital in Vietnam’s LITE-ON VIETNAM CO., LTD. by $110 million, investing in the contract manufacturing of electronic products such as server modules and power supplies. MiTAC Computing Technology Corporation received approval for a $200 million capital increase in its U.S. subsidiary, MITAC COMPUTING TECHNOLOGY HOLDINGS CORP., to fund factory expansion and infrastructure construction required for cloud computing server manufacturing at its U.S. operating subsidiary, MITAC INFORMATION SYSTEMS CORP.
The biotech pharmaceutical sector also saw significant progress. Bora Pharmaceuticals Co., Ltd. (6472.TW) was approved to increase capital in BORA PHARMACEUTICALS USA INC. by $122.5 million, enabling its wholly-owned subsidiary, Bora Biologics USA LLC., to acquire the divested Contract Development and Manufacturing Organization (CDMO) operations from U.S. biopharmaceutical company MacroGenics.
Industrial PC manufacturer Ennoconn Corporation (6414.TW) will launch a public tender offer for shares of Austria’s KONTRON AG with €200 million (approximately $230 million), positioning itself in the R&D, design, and manufacturing of embedded industrial computers and modules.
In the financial sector, Taiwan Cooperative Bank, Ltd. (5880.TW) received approval to invest SGD 100 million (approximately $77.99 million) to establish a Singapore branch, Taiwan Cooperative Bank, Ltd. Singapore Branch, expanding its overseas banking business footprint. Additionally, Hon. Precision, Inc. will increase capital in its Seychelles subsidiary, TOP VINTAGE INTERNATIONAL LTD., by $600 million, primarily to invest in low-risk financial instruments to reduce foreign exchange hedging costs.
The 11 investment cases approved by the Investment Commission at this meeting not only demonstrate long-term foreign confidence in Taiwan’s offshore wind market but also reflect how Taiwanese technology firms are accelerating their global production capacity deployment. From Vietnam, Malaysia, and Singapore in Southeast Asia to markets in the United States and Europe, Taiwanese companies are continuously strengthening supply chain resilience and international competitiveness through capital increases and mergers and acquisitions.
Taiwan’s Ministry of Economic Affairs Investment Commission stated that the total approved foreign investment at this meeting amounted to approximately NT$73.95 billion (approximately $2.3 billion), while total outbound investment was approximately $1.633 billion. As construction of the Greater Changhua Northwest and Hai Long wind farms continues to advance, it will help Taiwan achieve its renewable energy development goals and drive growth in related local supply chains.