News Snapshot:
Global demand for semiconductors used in everything from computers to cars is proving a boon to Taiwanese manufacturers, who are ramping up investment in mainland China despite cross-strait tensions and an increasingly heated tech war between Washington and Beijing. Taiwanese investment in the mainland rose 29.9 per cent year on year to US$330 million during the first quarter of 2021, Ma Xiaoguang, a spokesman for the Taiwan Affairs Office of China’s State Council said last week. Over the same period, 1,195 Taiwanese-funded companies were established in the country, a year-on-year increase of 33.4 per cent. The surge in investment highlights...
