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

To: StanX Long who wrote (61048)	2/28/2002 12:31:32 AM
From: advocatedevil	Respond to of 70976

"Taiwan may allow $5.7 billion in fab investments in China, says report" Semiconductor Business News (02/27/02 12:49 p.m. EST) TAIPEI -- Taiwan's cabinet will give the island's semiconductor companies approval to build 200-mm wafer fabrication plants in mainland China by the end of March, according to a local newspaper here quoted by the Reuters news service today. Reuters said the Chinese-language Economic Daily News reported that Taiwan's cabinet and parliament are in agreement on the move, but the government's priority is to set up a system of "effective management" for chip production investments in mainland China. Under the planned policy, only two-to-three plants using the older processing technology on 200-mm (8-inch) wafers will be allowed to move to China, according to the newspaper, which quoted Chen Ruey-long, a vice economic minister. Reuters said the paper quoted the official as saying the total investment will not exceed NT$200 billion (US$5.7 billion). Taiwan's semiconductor companies have become frustrated by delays in the country's new policies for chip investments in China. The government has waffled over an election campaign pledge to lift a ban on chip manufacturing investments. The easing of restrictions has been extended to a number of industries but so far does not including investments in plants for semiconductors and laptop computers. Recently, Taiwan's top semiconductor executives have complained about the delays, including harsh words from Morris Chang, chairman of Taiwan Manufacturing Semiconductor Co. Ltd. (see Feb. 4 story). siliconstrategies.com AdvocateDevil