|
TAIPEI, Taiwan (AP) - Taiwan's government approved plans by four chip testing and packaging firms to invest in China, an official said Thursday, as the country further eases long-standing restrictions on high-tech investment in its communist rival.
Advanced Semiconductor — the world's largest chip testing and packaging firm by revenue — has received the go ahead to take a 60 percent stake in a Chinese unit owned by the Netherlands-based NXP Semiconductors, said Fan Liang-Tung, executive secretary of Taiwan's Investment Commission.
NXP will hold the remaining 40 percent of the chip unit in Suzhou, eastern China, which is valued at $21.6 million, Fan said.
|