Taipei, Dec. 4, 2008 (CENS)--Hewlett-Packard of U.S. will buy some US$22 billion of products in Taiwan, with such figure to rise 10% in 2009, said K.K. Hsiao, president of HP international procurement Asia.

With HP the biggest foreign buyer in Taiwan, Hsiao stressed that HP will concentrate procurement in Taiwan because it`s strategically impractical to diversify procurements amid an economic recession

Hsiao said Taiwan`s IT sector is competitive in the areas of enhancing corporate nature and improving production cost structure, so HP will take such advantage given the global financial tsunami.

Over the past several years, HP has done well in global sales of laptop PCs backed by the supply chains consisting of Taiwan firms as Quanta Computer Inc., Compal Electronics Inc., Inventec Electronics Corp. and Hon Hai Precision Industry Co.

The government-backed Institute for Information Industry statistics show that foreign IT firms will procure US$86.8 billion of Taiwan-made IT, communications and electronic products in Taiwan this year, up 6.9% from US$81.2 billion posted last year. In the first 10 months of this year, foreign IT firms procured US$48 billion of Taiwan-made NBs.
(by Ben Shen)