CTSP attracts US$31 B. of investments; aims to become "Silicon Valley"
Nov 03, 2005
Central Taiwan Science Park (CTSP) attracts more than US$31 billion worth of investment and aiming to become next "Silicon Valley," according to Lai Ying Hsi, chief of the Taichung County Government's Economic Affairs Bureau.
CTSP can support stable electricity and steady water supply, also, the company don't need to concern about the chronic water shortages since Taichung has one of a biggest thermal power plants in Asia. Yang Wen Ke, deputy director-general of the Provisional Office of Central Taiwan Science Park, persuades the investment in the way of rapid pace of CTSP. Yang indicated that the pace of the development in CTSP is the fastest ever in Taiwan's efforts to build high-tech industry parks. "It is important to a time-sensitive industry," Lai stressed as well. Lai pointed out that AU Optronics has built an NT$80 billion complex with 60,000 panels monthly capacity in only 15 months, which was 47 days ahead of schedule.
The following companies include US-based Corning and ProMos Technologies Inc. Corning built a glass melting plant to produce compacted glass substrate using in LCD screens with a groundbreaking in September last year, while ProMos spent NT$85 billion to built its 90nm fab in CTSP. Moreover, with a counting of 34% of the optoelectronics, the other investment projects of the park will be filled by precision machinery, biotechnology, semiconductor, computer peripherals and telecommunication in a balance.