Taipei, June 24 (CNA) The amount of outbound investments approved by Taiwan’s government during the period of January-May surged nearly 200 percent from a year earlier due to planned large overseas investments by two major tech companies, according to the Investment Commission.
Data compiled by the commission showed approved outbound investments in the first five months of this year rose 196.82 percent from a year earlier to US$8.32 billion after contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) and electronics component supplier Yageo Corp. pledged large overseas investments.
The commission said TSMC, the world’s largest contract chipmaker, which is investing US$40 billion to build two advanced wafer fabs in the U.S. state of Arizona, secured approval to send US$3.5 billion to raise the capital size of its subsidiary TSMC Arizona Corp.
In addition, Yageo, the world’s…
