Taiwan's technology companies expect that a new round of trade liberalization with China will make them more competitive in the world’s fastest-growing major economy, reports the Wall Street Journal.
The newspaper says that Taiwan currently restricts investment on the mainland.
AU Optronics and other Taiwanese LCD and chipmakers cannot manufacture their most-advanced technologies in China because of 60 years of tensions across the Taiwan Strait. Now Taiwan is reassessing those limits as it tries to ensure its industries don’t lose the race to tap the Chinese market.
“I’m sure the government will change its policy,” AU Chairman KY Lee told the Journal. Lee wants to put up a factory in China to manufacture panels for TVs. “It’s for the benefit of the industry and also individual companies.”