The Japanese maker of TFT equipment ULVAC recently signed an MoU with the Taiwanese Industrial Development Bureau of the Ministry of Economic Affairs, setting up a partnership to invest NT$1 billion for the establishment of a TFT-LCD equipment manufacturing base in the city of Tainan. ULVAC plans to start production at the site in the second or third quarter of 2006, and it has set a goal of ensuring that 80% of the materials used in the production process are sourced locally.

 

Together with an R&D facility the company has set up in the city of Hsinchu this year, its total investment in Taiwan in 2005 has reached about NT$2 billion, making Taiwan one of its largest investment destinations outside of Japan.