(September 16, 2004) Taipei, Taiwan—A taskforce will review whether to allow Taiwanese integrated circuits packaging and testing firms to invest in China, announced Ho Mei-yueh, Taiwan’s minister of economic affairs. The taskforce will consist of representatives from the industry, government and academia. No timeframe for a decision was given.
“Taiwan’s economy will keep growing if more value-added industries are established at home, before some mature manufacturing sectors move to China,” Mei-yueh said.
Separately, both Mei-yueh and Hu Sheng-cheng, chairman of Taiwan’s Council for Economic Planning and Development, said they are confident that Taiwan can achieve 5.87 percent economic growth in 2004. Private investments will contribute to this growth.