By: Huang Chiao-wen and Frances Huang
Taipei, Dec. 10 (CNA) Economics Minister John Deng (鄧振中) said Thursday that the government is planning to allow Chinese investors to buy stakes in local integrated circuit design companies under certain conditions.
Speaking in a meeting of the legislative Economics Committee, Deng said the Ministry of Economic Affairs (MOEA) is considering allowing Chinese firms to invest in Taiwan’s IC design business, but would impose some conditions.
For example, he said, the government would not allow Chinese investors to hold a majority stake in Taiwanese IC design companies and strategic partnership proposals would have to be submitted to the MOEA for approval.
In addition, Taiwanese IC designers seeking to sell shares to Chinese investors would have to ensure that there are no leaks of trade secrets or any brain drain to China, Deng said. [FULL STORY]