TSMC gets preliminary nod to invest in China

While welcoming the news, James Huang, (黃建銘), a chip-industry analyst at SinoPac Securities Corp (建華證券), warned against further delays. "TSMC will be at a disadvantage if it doesn't start building the fab now," he said.

Today's committee meeting, chaired by Lin, included representatives from the Ministry of Economic Affairs, the Ministry of Finance, the Mainland Affairs Council, the Central Bank of China, the Council for Economic Planning and Development, the Council of Labor Affairs, and the National Science Council. Four different agencies under MOEA were also present.