Jovan Despotovski, Director of the Directorate for Technological Industrial Development Zones, is set to ink a new investment deal with Yageo in Taipei on Tuesday, marking the largest greenfield investment since North Macedonia's independence.

Taiwan’s Yageo to invest in North Macedonia

The signing ceremony will be held at Yageo's headquarters, with welcoming speeches from Despotovski and a company representative, and a video address from Prime Minister Dimitar Kovachevski. On Wednesday, Despotovski's delegation will visit Yageo's Kaohsiung factory. Yageo, founded in 1977, is a leading global electronic component company with production and sales facilities in Asia, Europe, and the Americas, providing a comprehensive range of products to meet customers' diverse needs. The company currently holds world rankings of No.1 in chip-resistors, No.1 in tantalum capacitor, and No.3 in MLCCs and Inductors, with a strong global presence in 24 nations, 29 sales offices, 49 manufacturing sites, and 20 R&D centers, employing over 40,000 people.