Radio Taiwan International
President Tsai Ing-wen says her government is working to make Taiwan a more favorable
environment for investment, particularly from the semiconductor sector.
Tsai on Friday met Ajit Manocha, the head of Semiconductor Equipment and Materials International (SEMI), a global industry organization. The president said that Manocha at their last meeting had raised the “4Ts” – free trade, talent, tax and technology investment to bolster semiconductor manufacturing and development.
Tsai said her government is working in this direction. Last year saw the passage of a law to make it easier for skilled professionals to live and work in Taiwan. She also said the government has proposed a tax cut to halve tax on unallocated earnings for companies from 10% to 5%. This, she said, will encourage companies to invest more in innovation.