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Taiwan to "Strictly Review" Chinese Acquisitions of Taiwanese Tech Companies Amid National Security Concerns
3 Articles
3 Articles
Taiwan's Ministry of Economic Affairs said on Wednesday it would "strictly review" all takeover proposals following media reports that a Chinese printed circuit board company was planning to acquire Taiwanese technology company Source Photonics Corp.
Chinese firm's reported bid for Taiwan's Source Photonics scrutinized - Focus Taiwan
Taipei, July 2 (CNA) The Ministry of Economic Affairs (MOEA) said Wednesday it will conduct a "strict review" of any proposed acquisition of Taiwanese tech company Source Photonics Co., Ltd., following media reports that a Chinese firm was planning to buy the Hsinchu-based company.
Dongshan Precision, a leading Chinese printed circuit board (PCB) company, recently announced that it would acquire Source Photonics, an optical communications company in Hsinchu Science Park, Taiwan, for a high price of RMB 5.935 billion (approximately NT$24 billion), which has aroused national security concerns. In response, the Ministry of Economic Affairs said on the 2nd that it has not yet received an application for a change in investment …
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