Taiwan eases curbs on firms setting up chip foundries in China

Taipei

TAIWAN has relaxed curbs on its companies setting up semiconductor manufacturing plants in China, in a bid to enable them to compete better for mainland clients.

The island's economics ministry said it will allow a maximum of three wholly owned 12-inch wafer foundries to be set up in China by Taiwanese companies, easing previous rules that limited such investments to mostly older technology and to joint ventures.