Taiwan’s Prodigal Companies Return as China Costs Rise: Economy

For eight years, the former Taroko Textile Corp. factory in Hsinchu County, Taiwan, has been empty, a victim of the migration of manufacturing to the mainland. Now, as China’s supply of cheap labor wanes, work is returning.

ITEQ Corp., which makes materials electronics companies need to build circuit boards, is installing equipment as part of a NT$2 billion ($66 million) refurbishment to begin production by the end of 2014, said Eric Liu, head of investor relations. It will be the company’s first new factory in Taiwan since 1998. ITEQ began moving work to Guangdong in southern China in 2002.