By: Lin Meng-ju and Romulo Huang
Taipei, Nov. 23 (CNA) The Ministry of Economic Affairs (MOEA) has been
exploring cautiously the possibility of lifting a ban on China’s investment in the local integrated circuit design sector in accordance with the real needs of the industry, an MOEA official said Monday.
Wu Ming-ji (吳明機), director-general of the MOEA Industrial Development Bureau, said that in this regard, the bottom line could be set at a similar level to that established for key industries, in which Chinese investors are not allowed to obtain a controlling stake or the decision-making power of the enterprises they invest in.
Wu admitted however that the related studies could not be completed by the end of this year.
In October, the MOEA said in a statement that investments in the local integrated circuit design business by Chinese firms remain prohibited, and Chinese investors are not allowed to set up IC design companies in Taiwan. [FULL STORY]