Taiwan chipmakers are gearing up mainland investment plans in hopes Taipei will approve investment projects as early as September, industry news service Digitimes reported. Among many companies with projects on the boards, King Yuan Electronics plans to invest US$6.5 million in its existing Suzhou, Jiangsu province-based plant, according to a July 8 filing with Taiwan's stock exchange. Taipei has already approved plans by Taiwan Semiconductor Manufacturing Company, the world's largest contract chipmaker, to build an 8-inch wafer plant on the mainland. With the mainland projected to absorb 10% of global chip production by 2007, Taiwan suppliers stand to be cut off by foreign and mainland competitors unless Taipei acts.
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