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(May 16, 2008) Taipei, TAIWAN — Taiwan's Ministry of Economic Affairs (MOEA) has approved proposals by IC packaging and testing companies PowerTech Technology Inc., and Advanced Semiconductor Engineering Inc. to expand their investment in China after deciding the companies met the conditions set for investment in China by the ministry's Investment Commission.
According to a statement from the MOEA, The conditions aim to ensure Taiwan's investments in China will not harm Taiwan's industries and economy, such as by leaking key technologies to the mainland. The two companies reportedly plan to invest $100M and $90M, respectively, in facilities in China, representing the latest in a wave of investment projects by the sector across the Taiwan Strait.
Under the commission's guidelines, investment plans require approval from the MOEA if they involve a single investment that exceeds $100M, the company's total investment in China reaches $200M, or the investment transfers core technologies of local industries to China.
Core industries identified by the guidelines primarily involve the manufacturing of 200 mm wafers, 4-inch TFT panels, and IC packaging.
The companies will be required to submit a written pledge on their investment projects, including the financial plan, potential technology transfers, domestic investment plans and how local staffing requirements will be changed by their plans to invest in China, so that the plans can be further assessed.
In April, The MOEA approved China investment plans by four other local integrated IC packaging and testing companies — Lingsen Precision Industries, King Yuan Electronics, Sigurd Corp., and Siliconware Precision Industries (SPIL) — after giving ASE approval to invest 30$M in its factory in Shanghai in mid-February.
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