From the Financial Times (link)
Taiwan will conditionally open low-end chip testing and packaging, and small-size flat panels for investment in China in a minor relaxation of restrictions on cross-Strait investment.
The new rules, which take effect immediately, appear tailor-made for two planned acquisitions involving manufacturing assets in China.
Taiwanese companies may now apply for government approval to invest in the low-end parts of chip testing and packaging. And in certain labour-intensive stages in the manufacturing of flat panel displays smaller than four inches – those used in mobile phones and other handheld gadgets – in China, the government said.
