Sigurd UTC approved to invest NT$2.9bnINCENTIVE PROGRAMS: The InvesTaiwan Service Center had as of Friday approved 1,015 applications from Taiwanese firms to invest a total of NT$1.36 trillion locallyBy Chen Cheng-hui / Staff reporterThe InvesTaiwan Service Center last week approved an application by Sigurd UTC Corp (矽格聯測) to invest NT$2.9 billion (US$103.4 million) to add clean rooms and expand the smart production lines at its plants in the Hsinchu Science Park (新竹科學園區), the Ministry of Economic Affairs said. The investment by Sigurd UTC, which focuses on chip packaging technology development and wafer testing services, comes as more semiconductor companies are expanding manufacturing capacity thanks to increasing demand. Sigurd UTC was known as UTAC Taiwan Corp (聯測科技) before it was acquired by Sigurd Microelectronics Corp (矽格), which announced the NT$4.62 billion purchase in January and completed the deal in April. Sigurd UTC has production facilities at the Hsinchu Science Park and receives orders from integrated device manufacturers, pure-play wafer foundry firms and fabless design firms, the company’s Web site says. Sigurd UTC was one of six local companies that the InvesTaiwan Service Center last week approved to join the government’s three major investment incentive programs, the ministry said.

Source: Taipei Times October 10, 2021 15:56 UTC