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](https://mia.mk/images/20230418092615_big_730x400_23.webp)
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.