Taiwan To Review China Investment By Chip, LCD Firms - Official
TAIPEI -(Dow Jones)- Taiwan will review a plan next month to ease restrictions
on investments in China by the island's semiconductor and liquid-crystal-display
panel makers, an official from the Ministry of Economic Affairs said Thursday.
"We are making preparations right now for further discussions in December...We
hope to come to a decision as soon as possible," said the official, who asked
not to be named. He declined to say if a decision would be reached by the end of
the year.
Taiwan Premier Wu Den-yih said the government may allow local companies to
invest in flat-panel manufacturing and semiconductor operations in China if they
also increase their investments in Taiwan, the Economic Daily News reported
Thursday.
The island doesn't allow LCD panel makers to set up panel factories in China,
but they are allowed to assemble monitors there.
Some Taiwan companies have called for the Taiwan government to loosen
restrictions on the island's chip and flat-panel industries, as major chip
makers such as Intel Corp. and flat-panel makers including Samsung Electronics
Co. have built or plan to build advanced factories in China.
-By Charmian Kok, Dow Jones Newswires; 88622 502-2557; charmian.kok@
dowjones.com
(END) Dow Jones Newswires
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