DISPERSION OPENING?A group led by professors said that because of stock dispersion, Chinese investors could control a Taiwanese firm if they owned even 10% of it
Date: Dec 14, 2015
By: Liu Wan-chun / Staff reporter
A petition initiated by academics opposing Chinese capital being invested in
Taiwan’s integrated circuit (IC) design industry had garnered 143 signatures in two days as of yesterday, following the announcement on Friday that China’s Tsinghua Unigroup Ltd (清華紫光) is to buy a 25 percent stake in Siliconware Precision Industries Co Ltd (矽品精密) — the world’s third-largest chip packager and tester — and in its subsidiary ChipMOS Technologies Inc (南茂).
The campaign was launched by an alliance formed by National Chiao Tung University professor Lin Ying-dar (林盈達), National Taiwan University professor Lin Tsung-nan (林宗男) and National Cheng Kung University professor Li Jung-shian (李忠憲), which opposes the inclusion of the information and communications industry in a proposed cross-strait service trade agreement.
The petition says that Chinese investment in the IC design industry has huge implications for the survival of Taiwanese firms, as well as national security. [FULL STORY]