Taiwan taskforce to determine whether IC packaging/testing firms may invest in China

(September 16, 2004) Taipei, Taiwan&#8212A 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.

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