The Ministry of Economic Affairs approved eight major investment cases today, including NTU's US$10 billion to increase its investment in British Viking Island TSMC GLOBAL LTD., mainly to reduce foreign exchange risk avoidance costs; thus far, NTU's investment in overseas subsidiaries has reached US$3.81 billion. Daliguang increased its overseas subsidiaries with US$240 million, which is also a way to avoid foreign exchange.
The Ministry of Economic Investment Review held its 23rd meeting today, and approved a total of eight major investment cases, including two foreign investments, five foreign investments and one Chinese investment.
For the foreign investment part, the first case is that Taiwan Entire Circuit Manufacturing Co., Ltd. increased its investment in British Viking Islands TSMC GLOBAL LTD. for US$10 billion, and engaged in general investment business. The main reason is to reduce the cost of foreign exchange avoidance, it transferred its own foreign exchange to TSMC GLOBAL LTD. to obtain bank fixed deposits and bond investment interest. According to the latest statistics, Taiwan Power has increased its investment in the British Viking Island TSMC GLOBAL LTD. with a cumulative amount of US$38.1 billion, mainly for foreign exchange avoidance.
The second case is that Dali Optoelectronics Co., Ltd. increased its investment in ASTRO INTERNATIONAL LIMITED for US$240 million, mainly engaged in investment holding business to reduce foreign exchange risk avoidance costs due to changes in exchange rates.
The third case is that WIWYNN INTERNATIONAL CORPORATION, the United States, will invest in the El Paso factory in Texas, USA, and conduct high-density servers, storage equipment sales, etc.
The fourth case is that New Tang Technology Co., Ltd. increased its investment in Japan's NUVOTON TECHNOLOGY CORPORATION JAPAN with 15 billion yen (about 13.35 million USD) to engage in the design services, development, production, manufacturing, and electronic parts development and manufacturing of IC products.
The fifth case is that Dongyuan International Investment Co., Ltd. is allowed to acquire full shares of Japan's SHARP FUKUYAMA LASER CO., LTD. for 15.5 billion yen (approximately 17.79 million yen) and is engaged in the operation of semiconductor laser development, semiconductor and its application components development and manufacturing, and crystalline foundry services.
There are two cases of foreign investment. The first case is the British businessman STONEPEAK FORMOSA 4-3 HOLDINGS COMPANY LIMITED increased its capital with NT$6.236.8 million,470, and engaged in general investment and other businesses to pay the fees for the early development of Haisheng offshore wind plan.
The second case is that the German-Shanghai CARL ZEISS VISION INTERNATIONAL GMBH is priced at RMB 5.44 million, and is allowed to acquire all the shares of Hentai Optics Co., Ltd., engaged in the research and development, manufacturing and sales of high oxygen permeable hard and soft invisible lenses.
The listed counter company invests in the Chinese part, Changxing Materials Industry Co., Ltd. is connected to Changxing (China) Investment Co., Ltd., with a debt of 160 million RMB (about 22.19 million US dollars) to increase its capital for Changxing Chemical Industry (Chengdu) Co., Ltd.