Yageo Corp (國巨), the nation’s largest passive components supplier, on Saturday broke ground for a new plant in Kaohsiung that is expected to begin commercial production in 2022.Yageo chairman Pierre Chen (陳泰銘) told the groundbreaking ceremony that it would be the company’s first new plant in the city in 15 years as it embarks on a plan to move its high-end technology production back home from overseas.The plant, which is expected to be completed in August 2022, would produce passive components, such as chip resistors, inductors and multi-layer ceramic capacitors (MLCCs), starting in October that year, Yageo said.
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