By Natasha Li / Staff reporterInvestments in fixed assets, excluding land, by the nation’s manufacturing sector hit a record NT$349.1 billion (US$11.44 billion) last quarter, led by accelerating investments from semiconductor companies, the Ministry of Economic Affairs said in a report on Tuesday. The ministry also noted a rise in fixed-asset purchases by other electronic components makers as they expanded capacity in light of upcoming 5G rollouts. In the first three quarters of the year, fixed-asset investments surged 23.7 percent year-on-year to NT$1.01 trillion. The electronic components industry similarly witnessed a 3.1 percent drop to NT$1.39 trillion, as the flat-panel market remained oversupplied, while prices of DRAM and passive components slumped, it said. Revenue from the sector totaled NT$19.98 trillion in the past three quarters, down 3.4 percent year-on-year, the ministry said.

Source: Taipei Times December 11, 2019 15:56 UTC