Addressing economic issues, President Chen Shui-bian (
"I promise to thoroughly implement the consensus reached at the Economic Development Advisory Conference (EDAC,
When attending a ceremony marking the 50th anniversary of the Chinese National Association of Industry and Commerce (CNAIC,
But Chen did demonstrate his sense of humor while receiving a crystal tiger sculpture from the association's Chairman Jeffrey Koo (
"Tigers" were how the nation's top cross-strait policy-maker Tsai Ing-wen (蔡英文) described the country's two largest contract chipmakers -- Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and United Microelectronics Corp (UMC, 聯電) -- earlier this week during a meeting with Taiwan Solidarity Union lawmakers.
Tsai reportedly told lawmakers that both TSMC and UMC are like two "tigers" that will not only swallow the "rabbits" (smaller semiconductor firms) in China, but will also bite the "rabbits" back in Taiwan.
Founded in 1952, CNAIC has recruited members from the country's leading industries including TSMC, Rebar Eastern Group (力霸東森集團), President Group (統一集團) and Formosa Plastic Corp (台塑).
"All CNAIC members have contributed immensely toward making Taiwan an economic miracle in Asia. CNAIC members represent 84 percent of the largest conglomerates in the country," Koo said.
Summarizing the association's contributions for the past 50 years, its honorary chairman Koo Chen-fu (