TAIPEI (Taiwan News) — Taiwan’s greenfield investment in Germany reached a historic high in 2023, according to Germany Trade and Invest’s (GTAI) 2023 Foreign Investment Report on Wednesday (May 15).
The report said the number of Taiwanese greenfield investment projects in Germany in 2023 reached 13, an 18% increase from 11 projects in 2022, with the total investment amount hitting a record high, per CNA.
The report showed that Taiwanese investments in Germany are primarily concentrated in:
- Strategic sectors such as electronics and automation at 38%
- Energy and resources at 23%
- Mobility and logistics at 15%
The business activities of Taiwanese companies in Germany include:
- Business and marketing at 41%
- Commercial services at 24%
- R&D and manufacturing at 18%
GTAI experts said that Taiwan Semiconductor Manufacturing Company’s (TSMC) investment in European Semiconductor Manufacturing Company’s (ESMC) wafer plant in Dresden, with an investment of approximately 10 billion euros (NT$348 billion), is the largest recorded greenfield investment by Taiwan in Germany, reported CNA.
“Despite the difficult global business climate and negative headlines, Germany continued last year to attract premium projects from some of the world’s leading companies, including Apple, Roche, Eli Lilly, British Petroleum and the Taiwan Semiconductor Manufacturing Company,” said GTAI CEO Robert Hermann in the report.
“That’s no wonder because Germany is Europe’s largest market, a secure and reliable business environment, and a world leader in research and development with a highly skilled workforce.”
Established in 2009, GTAI is a state-owned enterprise whose mission is to assist German companies in setting up markets abroad and domestically.
