Taiwan’s Ministry of Economic Affairs (MOEA) has approved multiple investment plans from major companies, including Google, Amazon, and Taiwan Semiconductor Manufacturing Co. (TSMC).

Google Engineering UK Holdings will invest NT$7 billion (US$211.3 million) in its Taiwan subsidiary, Google Taiwan Ltd.

The funds will be allocated for research in mobile phone and wearable technology design, as said by the ministry.

Amazon’s subsidiary, A100 Row Inc., has been authorized to invest NT$2.59 billion (US$87.2 million) in Amazon Web Services Taiwan.

This investment will cover personnel costs and equipment maintenance at its data center in Taiwan.

In outbound investments, the MOEA has approved TSMC’s transfer of US$10 billion to TSMC Global in the British Virgin Islands.

Recent Google developments