COMMON GROUND:The presidential rivals agreed that allowing Chinese investment in Taiwan’s semiconductor industry would damage national interests and competitiveness
Date: Dec 16, 2015
By: Stacy Hsu / Staff reporter
The presidential candidates of the two major political parties yesterday joined the chorus of
protest from academics opposed to Siliconware Precision Industries Co Ltd’s (SPIL, 矽品精密) planned sale of stock to Tsinghua Unigroup Ltd (清華紫光), saying the Chinese investment could pose a serious threat to Taiwanese industries.
On the sidelines of a news conference in Taipei for the release of a Hakka-themed campaign video, Democratic Progressive Party (DPP) Chairperson Tsai Ing-wen (蔡英文) said given that Tsinghua Unigroup is a state-owned company, it could be subject to Chinese government influence.
“Letting such a company’s money enter Taiwan would allow it not only to gain control of the Taiwanese firms whose shares it purchases, but to obtain a significant position in the upstream and downstream sectors of the nation’s [semiconductor] industry,” Tsai said.
“It could pose a dire threat to Taiwan’s industries,” she said. [FULL STORY]