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CTSP to Challenge Annual Revenue of NT$500 Bn. This Year

2014/08/07 | By Steve Chuang

With large enterprises continually migrating there, Central Taiwan Science Park (CTSP), one of Taiwan's top-3 science parks, is likely to challenge annual revenue of NT$500 billion, an all-time high, said Y.C. Wang, director-general of the CTSP Administration, at the park's 11th anniversary held late July.

Following 11 years of development, Wang said  that CTSP has approved 165 enterprises, startups and R&D institutes from home and abroad as residents, attracting investments of NT$2.07 trillion (US$69 billion) as of July 24. Globally known residents include Taiwan Semiconductor Manufacturing Co., Ltd. (semiconductor and IC foundry), AU Optronics Corp. (display panels), NexPower Technology Corp. (solar panels), and Corning Inc. (specialty glass and ceramics), among others.

In July, the director-general added, Hulk Energy Technology Co., Ltd., a thin-film solar module maker reinvested by Taiwan-based Hiwin Technologies Corp., a world-caliber supplier of linear guides and robots, and Greatsolar Technology Co., Ltd., a Taiwanese  supplier of photovoltaic and LED products, have just been approved to invest NT$30 billion (US$1 billion) and NT$460 million (US$15.3 million), respectively, to set up  headquarters and acquire a plant in the park.

In fact, CTSP had already accepted applications by eight firms as residents to bring in investments of NT$1.079 billion (US$35.96 million) in H1 of this year, to surely drive  growth of the park's bottom-line in the short term.

After scoring a record high of NT$459.9 billion (US$15.33 billion) in revenue last year, Wang said, CTSP, with some 32,000 workers, chalked up a 10% revenue growth for H1 of this year, hence adding to its confidence to attain 2014  revenue of NT$500 billion.

Science parks (industrial zones for mostly ITC businesses) have played an increasingly important role in driving Taiwan's tech sector. Last year, combined output value from Taiwan's three main science parks, including Hsinchu Science Park and Southern Taiwan Science Park, totaled NT$2.17 trillion (US$72.33 billion), which is expected to keep growing 15% yearly to NT$2.5 trillion US$83.33 billion) in 2014. (SC)

Overview of CTSP's Status
Cumulative Approved Investment Value

NT$2.7 trillion

No. of Migrant Enterprises

165 enterprises, startups and R&D institutes from home and abroad

Heavyweight Residents

Taiwan Semiconductor Manufacturing Co., Ltd., AU Optronics Corp., Foxnum Technology Co., Ltd., Corning Inc., NexPower Technology Corp., Hiwin Technologies Corp.

No. of Workers

About 32,000 people

Newly Approved Investment Projects

  • The establishment of a 18-inch wafer fabrication plant by Taiwan Semiconductor Manufacturing
  • The establishment of a global operations and R&D headquarters by Giant Manufacturing Co., (bicycle maker)
  • Several applications by large-sized firms for leasing land for operations
Revenue Goal for 2014

NT$500 Bn., a 10% increase compared to 2013

Source: CTSP Administration