Taiwan’s government is planning to allow Chinese investors to invest in 161 types of businesses in a third wave of opening the country’s markets to Chinese investment, the Ministry of Economic Affairs said yesterday.
Speaking at a legislative committee hearing, Minister of Economic Affairs Shih Yen-shiang (施顏祥) said the ministry’s proposal would allow Chinese investors to invest in 115 types of manufacturing businesses, 23 service businesses and 23 public infrastructure construction businesses.
This would allow Chinese capital to be invested in 97 percent of the business categories in Taiwan’s manufacturing sector, 51 percent of the service sector and 51 percent of the public infrastructure construction industry, Shih said.
According to the ministry, 42 percent of the business categories in both Taiwan’s manufacturing and service sectors are currently open to Chinese investment.
About 24 percent of businesses in the public infrastructure construction industry are open to Chinese capital following two rounds of liberalization in 2009 and last year, the ministry added.
In key manufacturing sectors, including flat panels, semiconductors, LEDs and solar batteries, Chinese investors are not allowed to control the management or become major stakeholders, Shih said.
Any investment plans involving Chinese investors in these key sectors, he said, will need to be examined by a task force to protect Taiwan’s key technologies.
“Regulations have become stricter, not looser, and potential investors are required to submit their strategies for industrial cooperation,” Shih added.
In the previous two waves of market opening, Taiwan allowed Chinese investment in 247 businesses in the manufacturing, service and public infrastructure sectors.
Taiwan has attracted US$272 million of Chinese investment since June 2009, when the market-opening process began, according to the ministry.
As of December last year, Taiwanese companies with Chinese capital had hired 5,189 local workers, the ministry said.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) last week recorded an increase in the number of shareholders to the highest in almost eight months, despite its share price falling 3.38 percent from the previous week, Taiwan Stock Exchange data released on Saturday showed. As of Friday, TSMC had 1.88 million shareholders, the most since the week of April 25 and an increase of 31,870 from the previous week, the data showed. The number of shareholders jumped despite a drop of NT$50 (US$1.59), or 3.38 percent, in TSMC’s share price from a week earlier to NT$1,430, as investors took profits from their earlier gains
In a high-security Shenzhen laboratory, Chinese scientists have built what Washington has spent years trying to prevent: a prototype of a machine capable of producing the cutting-edge semiconductor chips that power artificial intelligence (AI), smartphones and weapons central to Western military dominance, Reuters has learned. Completed early this year and undergoing testing, the prototype fills nearly an entire factory floor. It was built by a team of former engineers from Dutch semiconductor giant ASML who reverse-engineered the company’s extreme ultraviolet lithography (EUV) machines, according to two people with knowledge of the project. EUV machines sit at the heart of a technological Cold
Taiwan’s long-term economic competitiveness will hinge not only on national champions like Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) but also on the widespread adoption of artificial intelligence (AI) and other emerging technologies, a US-based scholar has said. At a lecture in Taipei on Tuesday, Jeffrey Ding, assistant professor of political science at the George Washington University and author of "Technology and the Rise of Great Powers," argued that historical experience shows that general-purpose technologies (GPTs) — such as electricity, computers and now AI — shape long-term economic advantages through their diffusion across the broader economy. "What really matters is not who pioneers
TAIWAN VALUE CHAIN: Foxtron is to fully own Luxgen following the transaction and it plans to launch a new electric model, the Foxtron Bria, in Taiwan next year Yulon Motor Co (裕隆汽車) yesterday said that its board of directors approved the disposal of its electric vehicle (EV) unit, Luxgen Motor Co (納智捷汽車), to Foxtron Vehicle Technologies Co (鴻華先進) for NT$787.6 million (US$24.98 million). Foxtron, a half-half joint venture between Yulon affiliate Hua-Chuang Automobile Information Technical Center Co (華創車電) and Hon Hai Precision Industry Co (鴻海精密), expects to wrap up the deal in the first quarter of next year. Foxtron would fully own Luxgen following the transaction, including five car distributing companies, outlets and all employees. The deal is subject to the approval of the Fair Trade Commission, Foxtron said. “Foxtron will be
RSS