TAIPEI (Taiwan News) – Delta Electronics, a supplier of power components to Apple Inc., has become the latest company to heed the government’s call to return home with an investment plan worth NT$13.2 billion (US$426 million), reports said Thursday (May 9).
As in other recent examples, the current trade war between the United States and China was at the base of the investment move, with companies looking to avoid falling victim to U.S. tariffs by relocating manufacturing away from China, the Central News Agency reported.
Delta already purchased land in northern, central and southern Taiwan to make the investments over a period of three years, according to the reports.
The plans would also result in the creation of more than 7,000 jobs across the country, though even before, Delta was recruiting 1,800 employees unrelated to the latest investment project, the company said. Most of the new staff were engineers for research and development departments.
Delta reportedly saw the expansion of trade disputes across the world, therefore necessitating the spreading of risk by opening more plants in various regions. A new unit in Thailand supplying the U.S. market would be ready to operate within a year, while Delta also produced electronics in China, India and Slovakia, company chairman Yancey Hai (海英俊) said.
The group is headquartered in Taipei City’s Neihu District, with factories in Taoyuan City’s Zhongli District, Taichung and Tainan. Delta supplies products to Apple and to Cisco Systems, but also to top U.S. car manufacturers.