CAUTIOUS:The planned regulations are to include certain rules to prevent local IC designers from moving their operations to China, the minister of economic affairs said
Date: Nov 27, 2015
By: Lauly Li / Staff reporter
Minister of Economic Affairs John Deng (鄧振中) yesterday said the ministry is
drafting new regulations to allow Chinese investment in Taiwan’s IC design industry.
“I hope it would not take too long to ease the restrictions on Chinese investments … but the ban will not be eased if a set of corresponding measures are not drafted completely,” Deng told reporters on the sidelines of a meeting of the legislature’s Economics Committee.
Asked if the planned easing would take effect before the Lunar New Year holiday next year, Deng said there is no time frame for the issue, but he hopes to lift the ban before his term ends in May.
Deng said Taiwanese IC design companies must assure the government that they would not move their operations overseas after it allows Chinese investment.
The planned regulations are to include rules to prevent Taiwan’s core IC design technologies or IC designers from being “inappropriately” transferred to China. [FULL STORY]