Close
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Menu
Search
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Latest News
    • PC Hardware

    Taiwan President-Elect Aims to Lure Tech Investment

    By
    Reuters -
    -
    April 22, 2008
    Share
    Facebook
    Twitter
    Linkedin

      TAIPEI (Reuters) – Taiwan President-elect Ma Ying-jeou said on Tuesday he plans to roll out lighter tax rates and simplify regulations for the island’s technology companies to encourage more firms to invest at home.

      Many of Taiwan’s technology companies have moved their manufacturing to other countries, such as Vietnam and China, due to lower production costs and the government has been trying to lure these firms back.

      Taiwan is home to the world’s two largest contract chip makers and its companies produce 80 percent of the world’s laptops and 40 percent of flat panel displays.

      “We’re looking at more tax reforms and lighter tax rates,” Ma Ying-jeou told a news conference after he met with some of Taiwan’s top technology executives. He did not provide details.

      Ma, who will take office on May 20, met with leaders of seven major high-tech firms, including Acer, Asustek Computer, Lite-On Technology, Compal Electronics, Qisda and Delta Electronics.

      Ma added that he aimed to boost foreign investments in Taiwan and hoped that high-tech talent from China would be able to work on the island. “We want to give these firms more space and freedom,” he said.

      Earlier on Tuesday, a grouping of Taiwan companies said Chinese officials are planning to draft measures to help Taiwanese firms operating in China stay competitive.

      Ma had said he would loosen investment restrictions to China, but also encouraged domestic companies to invest locally. Taiwan generally limits its companies to invest no more than 40 percent of its net asset in China.

      Earlier this month, Ma met with top electronics maker Hon Hai Precision Industry Chairman Terry Gou and Formosa Plastics Group Chairman Wang Yung-ching on potential opportunities for new investments in Taiwan.

      Ma, who favors closer trade ties with China, had also recently said he is considering opening up the commercial property market to mainland investors and plans to make direct flights available between Taiwan and China in July.

      Self-ruled Taiwan and China, which claims the island as its own, remain political rivals since the end of the Chinese civil war in 1949. But despite that rivalry, economic links between the pair have thrived, with China now the island’s biggest trading partner and favored investment destination.

      Taiwan investors have poured more than $100 billion into China since the 1980’s.

      (Reporting by Sheena Lee; Editing by Anshuman Daga)

      ??« Thomson Reuters 2008. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.

      Avatar
      Reuters -

      MOST POPULAR ARTICLES

      Android

      Samsung Galaxy XCover Pro: Durability for Tough...

      Chris Preimesberger - December 5, 2020 0
      Have you ever dropped your phone, winced and felt the pain as it hit the sidewalk? Either the screen splintered like a windshield being...
      Read more
      Cloud

      Why Data Security Will Face Even Harsher...

      Chris Preimesberger - December 1, 2020 0
      Who would know more about details of the hacking process than an actual former career hacker? And who wants to understand all they can...
      Read more
      Cybersecurity

      How Veritas Is Shining a Light Into...

      eWEEK EDITORS - September 25, 2020 0
      Protecting data has always been one of the most important tasks in all of IT, yet as more companies become data companies at the...
      Read more
      Big Data and Analytics

      How NVIDIA A100 Station Brings Data Center...

      Zeus Kerravala - November 18, 2020 0
      There’s little debate that graphics processor unit manufacturer NVIDIA is the de facto standard when it comes to providing silicon to power machine learning...
      Read more
      Apple

      Why iPhone 12 Pro Makes Sense for...

      Wayne Rash - November 26, 2020 0
      If you’ve been watching the Apple commercials for the past three weeks, you already know what the company thinks will happen if you buy...
      Read more
      eWeek


      Contact Us | About | Sitemap

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Property of TechnologyAdvice.
      Terms of Service | Privacy Notice | Advertise | California - Do Not Sell My Information

      © 2021 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×