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Business trends

Taiwan tech companies' China exit fuels $25bn investment drive

Pandemic hasn't stopped Quanta, Innolux and others from building new factories at home

Taipei calling: Taiwan has seen a rush of high-tech investment under a government incentive program.   © Reuters

TAIPEI -- The rumble of construction rings out in the northern Taiwanese city of Taoyuan, a sound that has become more common on the self-ruled island -- and one that heralds change in mainland China.

Dozens of workers in masks scurry across the site as two cranes hoist beams high into the sky. A new factory is being built for Quanta Computer, which ranks third in the world for electronics manufacturing services. The company is investing about 15 billion New Taiwan dollars ($500 million) there to boost production of equipment such as telecommunications devices used in servers.

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