Move will let it have control of industry, says presidential candidate
Strait Times
December 15, 201500
TAIPEI • Plans by Chinese state-backed giant Tsinghua Unigroup to invest
Tsinghua Unigroup logo is seen at its office in Beijing, China, November 15, 2015. REUTERS/Kim Kyung-Hoon
US$2.6 billion (S$3.7 billion) in Taiwan pose a “huge threat” to the island’s semiconductor industry, the front runner in next month’s presidential polls has said, flagging possible hurdles for the deals.
Longstanding political tension between the two sides has seen Taiwan put restrictions on Chinese investments in its prized semiconductor sector, with an eye to protecting intellectual property and trade secrets.
Yesterday’s comments by Dr Tsai Ing-wen, leader of the independence-leaning Democratic Progressive Party (DDP), which is detested by China, signal regulatory obstacles ahead for Unigroup’s ambition to take control of three Taiwan chip firms. [FULL STORY]
