New PRC investment rules announced

But Chen said yesterday that the focus of the business investment issue should be on how to increase investment in Taiwan rather than how to increase investment in China.

He cited the planned joint investment by Powerchip Semiconductor Corp (力晶半導體), Taiwan's biggest computer memory chipmaker, and Japan's Elpida Memory Inc as an example of the nation's sound investment environment.

Earlier this month, both Powerchip and Elpida announced they would together invest between NT$450 billion and NT$500 billion (US$13.93 billion-US$15.48 billion) to build four plants in central Taiwan to make 12-inch chips over the next five years.