Photonics & Taiwan: International Investors Back Taiwan's Economic Momentum 11 Global Corporations Sign Letters of Intent (LOI)

On October 21, the Ministry of Economic Affairs (MOEA) convened the 2025 Taiwan Business Alliance Conference, drawing over 200 representatives from domestic and overseas corporations as well as the European, American and Japanese Chambers of Commerce. Among the senior executives in attendance were senior executives from HP, Applied Materials, Entegris, NXP Semiconductors (Netherlands), Air Liquide Far Eastern (France), Itochu (Japan), Nitto Denko (Japan), and Hitachi High Tech (Japan)-a clear signal that Taiwan's developments in the photonics and AI arenas are capturing global investment interest.

Deputy Economic Minister Cynthia Kiang emphasized that despite a shifting global landscape, Taiwan's economy remains robust and its overall performance globally visible. She noted that according to the latest report by the Asian Development Bank (ADB), Taiwan's economic growth rate for 2025 has been revised upwards to 5.1 %, and that according to the IMD, Taiwan ranks 6th globally in competitiveness. She said that investment plays a key role in driving these economic gains, and that to enhance investment incentives, the Three Major Programs for Investing in Taiwan has been extended through 2027 and broadened to include foreign investors. The door is open for overseas firms to scale up in Taiwan.

At this year's conference, 25 firms were engaged, with prospective future investment estimated at approximately NT$160.2 billion. Vice Minister Chiang also signed Letters of Intent (LOIs) with 11 representative firms, covering roughly NT$48.3 billion in commitments. The investments span advanced materials manufacturing, power system solutions, circular sustainability treatment, and consumer services-highlighting broad opportunities in Taiwan's market and emerging industries.

The signed Letters of Intent (LOIs) include Eaton Phoenixtec MMPL Co., Ltd. (USA), which will introduce advanced uninterruptible power systems and power modules while expanding production capacity in Taiwan; Ecolab Ltd. (USA), which will establish its first R&D and design centre in Taiwan; and Corning Display Technologies Taiwan Co., Ltd (USA), which will continue expanding its operations and evaluate the introduction of new business teams. Solvay Taiwan Co., Ltd. (Belgium) plans to expand production capacity for advanced chemical products in Taiwan, while ASIA Glass Fiber Co., Ltd. (NAG), a subsidiary of the Nitto Boseki Group (Japan), will expand its plant and add new production lines. TaMiCo Technology Taiwan Ltd. (Korea) will build a production facility and R&D centre in Taiwan.

In the consumer and service sectors, Bolt Services (Taiwan) Ltd. (Europe) will enter the Taiwanese market for the first time; Monogatari Taiwan Co., Ltd. (Japan) plans to invest NT$2.5 billion over five years to open 40 restaurants; and Taiwan Tsutaya Co., Ltd. (Japan) will continue expanding its retail operations. Panasonic Taiwan Co., Ltd. (Japan) will establish a new logistics services centre, while Coupang (USA) will scale up its end-to-end logistics infrastructure in Taiwan.

For the first time this year, a business-matchmaking session was planned with a focus on semiconductors and health-tech. Six Taiwanese firms-including Sensortek, e-Ray Optoelectronics, and MiRLE-presented their capabilities in advanced packaging, smart-factory applications, and healthcare innovation, creating further potential collaboration pathways with overseas investors.

Spokesperson: Rio Lu, Deputy Director, MOEA Department of Investment Promotion
Tel: (02) 2389-2111 ext. 812
E-mail: [email protected]

Contact: Chen, Ying-Ju, Section Chief, MOEA Department of Investment Promotion
Tel: 02-2389-2111 ext. 210; 0920-560681
E-mail: [email protected]

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