Taiwan companies leave China for ASEAN
Last year, for the first time, Taiwan companies invested more in the 10 countries of Association of Southeast Asian Nations (ASEAN) than in China. These countries are setting up a new global supply line that can make them a second "factory of the world".
The Taiwan firms are moving because of the escalating U.S.-China trade war and high tariffs, the demands of their customers, higher production costs in China and worsening Beijing-Taipei relations which have led to penalties for them.
Darfon Electronics Corp is building two factories, each of 90,000 square metres, one outside Hanoi and the other outside Ho Chi Minh City, to make computer keyboards and electric bicycles. They will open in the third quarter of this year. ...