Friday, April 1, 2005
The Taiwan government has fined Richard Chang, president and chief executive of Chinese foundry provider Semiconductor Manufacturing International Corp. (SMIC), over what it called an illegal investment in China, according to a report from the Financial Times.
The ministry of economic affairs said Chang must pay NT$5 million ($158,000) and retract his investment within six months, according to the report.
Chang has reported the receipt of a fax from the Taiwanese government threatening him with a US$750,000 fine and a two-year jail term.
By: DocMemory
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