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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (58507)	1/8/2002 2:58:50 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

This could hurt a fast recovery for the Semi Equips. Stan 01/08 01:52 Taiwan Scuttles Plans to Allow Chipmakers to Invest in China By Alan Patterson quote.bloomberg.com Taipei, Jan. 8 (Bloomberg) --Taiwan scrapped plans to allow semiconductor companies to invest in China, ignoring pleas that the island's $20 billion chip industry will suffer if barred from keeping pace with foreign rivals moving their manufacturing to the low-cost mainland. The decision affects the likes of Taiwan Semiconductor Manufacturing Co. and United Microelectronics Corp., the largest made-to-order chipmakers. Neither has factories in China. Asked if plans to allow them entry have been delayed indefinitely, John Deng, vice chairman of the Taiwan Mainland Affairs Council, said yes. The delay contradicts President Chen Shui-bian's pledge last year to implement the recommendations of a blue-ribbon panel, which urged the government to allow chip investment in China. The panel included TSMC Chairman Morris Chang and other business chieftains. ``The consensus is that we'd better be thorough,'' Deng said in an interview. ``No decision has been made.'' The delay comes even as many companies were making plans to invest in the mainland. Siliconware Precision Industries Co. Chairman Bough Lin earlier said the competition would kill him if his company weren't allowed to go to China soon. It also comes amid record unemployment and the island's worst economic slump in a quarter century.