Minister of Finance Yen Ching-chang (顏慶章) said Sunday that as an international corporation, Taiwan Semiconductor Manu-facturing Co (TSMC, 台積電) may consider placing some production lines in China as part of its global deployment plan.
Yen, in his capacity as a representative of the Development Fund (開發基金) of the Executive Yuan, attended a TSMC financial briefing at the corporation's headquarters in Hsinchu. The Development Fund, possessing 12 percent of TSMC's shares, has the second largest stake in the company.
Yen said that a consensus reached at last month's Economic Development Advisory Conference (經發會) calls on the government to relax restrictions on Taiwan business' investments in China, adding that the Development Fund is in support of TSMC's plan to extend its operations across the Taiwan Strait.
Saying that the government fund will remain a major shareholder of the leading semiconductor manufacturer, Yen said that he believes that TSMC will keep its headquarters in Taiwan. Since the Development Fund is represented on the TSMC's board of directors, the government is supposed to be informed of the corporation's investment plans.
TSMC Senior Vice President and Financial Officer Harvey Chang (
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