Taiwan's Ministry of Economic Affairs cleared China-bound investments totaling US$189 million on June 28th. Foxconn, BenQ, Wistron, and ASE were among the companies receiving approval. Foxconn will be respectively injecting US$11.8 million and US$21.48 million into Hangzhou Hongxun Electronics and Shenzhen Futaihong Precision Industries, which engage in the manufacturing and sales of cases and printed-circuit boards for mobile phones, as well as plug heads and sockets.

 

Winstron applied to transfer funds totaling US$10 million to Kunshan Weixin Communications, and US$35 million to Zhongshan Wistron Communications, which produce PCs and motherboards. BenQ received the go-ahead for a US$30 million investment in its China operations for the production of monitors, digital cameras, and PCs. ASE applied to transfer US$30 million to its Shanghai facility to beef up investment for transistors and light-emitting diode displays.