Hon Hai, the world’s largest electronics contract manufacturer, has pledged to invest at least T$100bn (US$3.2bn) in Taiwan, including a new town for 240,000 people, in a strong vote of confidence in the deregulation programme of Taiwan’s new government.

Terry Gou, Hon Hai’s group’s founder and chairman, said the group would hire 30,000 new staff in Taiwan and begin listing overseas units in Taipei.