Taiwan president Ma Ying-Jeous said in a recent speech that the relaxation of restriction on China investment does no harm to the Taiwan industries.He announced the details at a forum hosted by the Monte Jade Science & Technology Association of Taiwan.

Considering that leading semiconductor company such as Intel have already established a foothold in China for cutting-edge 12-inch wafer production, Ma stressed that banning Taiwan players from moving across the strait with investment is indeed very unfavorable to local industry. Therefore, in September the government plans to lift bans on policies regarding investment ceilings, 12-inch wafer fab investment and China-based companies having their initial public offering (IPO) in Taiwan.

Ma emphasized that the relaxation is not harmful to Taiwan. Citing relaxation of notebook production in China in 2002, the president said Taiwan's corresponding share of the global notebook production value expanded from 56% that year to 92% in 2007 because of an accurate government policy. The same principle should be also applied to other industries, he said.

By: DocMemory
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