Tue, Aug 23, 2005 - Page 11 News List

Business Briefs

AGENCIES

■ Executive canceling his ID

Semiconductor Manufacturing International Corp (中芯國際集成電路) founder Richard Chang (張汝京), who was fined for contravening laws restricting investment in China, has applied to give up his Taiwanese identification card, the Apple Daily reported, citing unidentified government sources. Chang on July 6 applied to the Los Angeles office of Taiwan's Ministry of Foreign Affairs to give up his ID card, the report said yesterday. The Semiconductor Manufacturing chief executive said on April 1 that he "doesn't understand and regrets the move" by Taiwan to fine him. He said at the time that he is a US citizen. The Ministry of Economic Affairs said on March 31 that Chang was a Taiwanese resident when he invested in Shanghai-based Semiconductor Manufacturing without permission between 2000 and 2002. The ministry on March 31 fined Chang NT$5 million (US$159,000) and ordered that he suspend investments in China within six months.

■ China-bound investment slows

Taiwan approved a total of 747 applications for China-bound investment worth US$3 billion in the seven months to July, down 20.36 percent from a year ago, the Investment Commission said yesterday. During the period, the commission approved 330 non-China outbound investment applications worth 1.61 billion, up 0.29 percent from the previous year. It also approved 590 inbound investment applications worth US$1.72 billion, down 17.37 percent year-on-year. China has replaced the US as Taiwan's largest market since November 2002 despite mounting political tensions between them. It is also Taiwan's leading foreign investment destination, with an estimated US$80 billion invested over the years for various projects.

■ Fujitsu sues Nanya subsidiary

Fujitsu Ltd, a Japanese supplier of computer servers and telecommunications equipment, said it filed a lawsuit in Tokyo against Nanya Technology Corp's (南亞科技) subsidiary in Japan for an alleged patent violation. Fujitsu is seeking to stop Nanya Technology Corp Japan from importing and selling synchronous dynamic random access memory chips, used in personal computers, and compensation for past infringements, Naomi Ogawa, a spokeswoman at the Tokyo-based Fujitsu, said without giving specific details. The lawsuit involves one patent, she said. Fujitsu filed the suit in Tokyo District Court after negotiations with Nanya failed, the company said in a statement yesterday.

■ Inotera challenging Powerchip

Inotera Memories Inc (華亞半導體), a chipmaking venture of Infineon Technologies AG and Nanya Technology Corp (南亞科技), is challenging Powerchip Semiconductor Corp (力晶半導體) to become Taiwan's largest memory chip supplier, the Commercial Times reported, citing information from the two companies. Inotera's two 12-inch wafer plants will have a combined monthly capacity of more than 120,000 dynamic random access memory, or DRAM, chips by the second half of 2007, while Powerchip's two 12-inch wafer plants will have a combined monthly capacity of 90,000 next year, the paper reported yesterday. Powerchip has accelerated the construction of its third 12-inch plant to cope with the challenge, the paper said.

■ NT dollar gains ground

The New Taiwan dollar gained against the US dollar on the Taipei Foreign Exchange yesterday, rising NT$0.071 to close at NT$32.118. A total of US$651 million changed hands yesterday.

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