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Legislature rules against Tsinghua deals

The Legislature on Friday ruled against allowing the China-based Tsinghua Unigroup to buy stakes in three Taiwanese integrated circuit packaging and t...

Legislature rules against Tsinghua deals

The Legislature on Friday ruled against allowing the China-based Tsinghua Unigroup to buy stakes in three Taiwanese integrated circuit packaging and t...

The Legislature on Friday ruled against allowing the China-based Tsinghua Unigroup to buy stakes in three Taiwanese integrated circuit packaging and testing firms.

China’s state-backed technology conglomerate announced last week its plan to buy shares in the Taiwan local chip tester and packager firms, which followed rising public concern that Chinese influence might take hold of Taiwan’s leading industry.

The Legislative Yuan reached a main resolution on Friday, that after thorough consideration of national security strategy, Chinese capital will be restricted from investing in Taiwan’s IC design sector.

In terms of the Tsinghua Unigroup acquisition plan, the Legislature also made the decision that the company will not be allowed to follow through on these deals, before a comprehensive impact assessment report has been submitted.


Updated : 2021-09-26 00:49 GMT+08:00