Latest news with #HsuChih-chieh
Time of India
2 days ago
- Business
- Time of India
China targets Taiwan's chip secrets with $24 billion acquisition plot
The Ministry of Economic Affairs (MOEA) announced on Wednesday that it will conduct a "thorough examination" of any proposed acquisition of the Taiwanese tech firm Source Photonics Co, Ltd, amid growing concerns about a Chinese company's interest in purchasing the Hsinchu-based firm, as reported by Focus to Focus Taiwan, Suzhou Dongshan Precision Manufacturing Co., Ltd. (DSBJ), the largest printed circuit board manufacturer in China, has expressed intentions to acquire Source Photonics for RMB5.9 billion (approximately NT$24 billion). As per Focus Taiwan, this acquisition would trigger a change in ownership structure that falls under national security scrutiny. The MOEA confirmed on Wednesday that it has not yet received a formal application from Source Photonics concerning the rumoured buyout but has already informed the company that any such deal would be subject to regulatory review, Focus Taiwan noted. Under Taiwanese regulations governing Chinese investments, prior approval from the MOEA is mandatory for any ownership changes involving Chinese capital, the ministry reiterated. According to Focus Taiwan, the MOEA has been closely monitoring the company's operations and last month issued a formal letter requesting updated details about its shareholding structure. As reported by Focus Taiwan, once an application is submitted, the MOEA plans to coordinate with the National Security Bureau (NSB), the Mainland Affairs Council (MAC), and relevant industrial technology bodies to determine whether the deal poses national security risks or could negatively impact Taiwan's industrial development. If such risks are identified, the investment permit may be revoked in accordance with current laws. Democratic Progressive Party (DPP) legislator Hsu Chih-chieh raised alarms over the potential transfer of sensitive technology, noting that Source Photonics holds advanced 3-nanometer chip technology. He urged the government to act with caution and proposed the development of a national list of critical technologies to safeguard against Chinese acquisitions, an issue highlighted in Focus Taiwan's coverage. Focus Taiwan further reported that the MOEA has been tracking the situation since 2016, when Source Photonics' top shareholders were first categorised as Chinese capital.
Time of India
2 days ago
- Business
- Time of India
China targets Taiwan's chip secrets with $24 billion acquisition plot, ET Manufacturing
Advt Advt Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. The Ministry of Economic Affairs (MOEA) announced on Wednesday that it will conduct a "thorough examination" of any proposed acquisition of the Taiwanese tech firm Source Photonics Co, Ltd, amid growing concerns about a Chinese company's interest in purchasing the Hsinchu-based firm, as reported by Focus to Focus Taiwan, Suzhou Dongshan Precision Manufacturing Co., Ltd. (DSBJ), the largest printed circuit board manufacturer in China, has expressed intentions to acquire Source Photonics for RMB5.9 billion (approximately NT$24 billion). As per Focus Taiwan, this acquisition would trigger a change in ownership structure that falls under national security MOEA confirmed on Wednesday that it has not yet received a formal application from Source Photonics concerning the rumoured buyout but has already informed the company that any such deal would be subject to regulatory review, Focus Taiwan Taiwanese regulations governing Chinese investments, prior approval from the MOEA is mandatory for any ownership changes involving Chinese capital, the ministry reiterated. According to Focus Taiwan, the MOEA has been closely monitoring the company's operations and last month issued a formal letter requesting updated details about its shareholding reported by Focus Taiwan, once an application is submitted, the MOEA plans to coordinate with the National Security Bureau (NSB), the Mainland Affairs Council (MAC), and relevant industrial technology bodies to determine whether the deal poses national security risks or could negatively impact Taiwan's industrial development. If such risks are identified, the investment permit may be revoked in accordance with current Progressive Party (DPP) legislator Hsu Chih-chieh raised alarms over the potential transfer of sensitive technology, noting that Source Photonics holds advanced 3-nanometer chip technology . He urged the government to act with caution and proposed the development of a national list of critical technologies to safeguard against Chinese acquisitions, an issue highlighted in Focus Taiwan's Taiwan further reported that the MOEA has been tracking the situation since 2016, when Source Photonics' top shareholders were first categorised as Chinese capital.
Time of India
2 days ago
- Business
- Time of India
China targets Taiwan's chip secrets with $24 billion acquisition plot
The Ministry of Economic Affairs (MOEA) announced on Wednesday that it will conduct a "thorough examination" of any proposed acquisition of the Taiwanese tech firm Source Photonics Co, Ltd, amid growing concerns about a Chinese company's interest in purchasing the Hsinchu-based firm, as reported by Focus to Focus Taiwan, Suzhou Dongshan Precision Manufacturing Co., Ltd. (DSBJ), the largest printed circuit board manufacturer in China, has expressed intentions to acquire Source Photonics for RMB5.9 billion (approximately NT$24 billion). As per Focus Taiwan, this acquisition would trigger a change in ownership structure that falls under national security MOEA confirmed on Wednesday that it has not yet received a formal application from Source Photonics concerning the rumoured buyout but has already informed the company that any such deal would be subject to regulatory review, Focus Taiwan Taiwanese regulations governing Chinese investments, prior approval from the MOEA is mandatory for any ownership changes involving Chinese capital, the ministry reiterated. According to Focus Taiwan, the MOEA has been closely monitoring the company's operations and last month issued a formal letter requesting updated details about its shareholding reported by Focus Taiwan, once an application is submitted, the MOEA plans to coordinate with the National Security Bureau (NSB), the Mainland Affairs Council (MAC), and relevant industrial technology bodies to determine whether the deal poses national security risks or could negatively impact Taiwan's industrial development. If such risks are identified, the investment permit may be revoked in accordance with current Progressive Party (DPP) legislator Hsu Chih-chieh raised alarms over the potential transfer of sensitive technology, noting that Source Photonics holds advanced 3-nanometer chip technology. He urged the government to act with caution and proposed the development of a national list of critical technologies to safeguard against Chinese acquisitions, an issue highlighted in Focus Taiwan's Taiwan further reported that the MOEA has been tracking the situation since 2016, when Source Photonics' top shareholders were first categorised as Chinese capital.
Yahoo
17-03-2025
- Politics
- Yahoo
Organizers of Taiwan marathon apologize over trophies shaped like a Chinese machine gun
HONG KONG — Organizers of a military-linked marathon in southern Taiwan have apologized after handing out trophies in the shape of a Chinese machine gun, which drew backlash as the Beijing-claimed island comes under growing pressure from China. The prizes from the Fengshan Marathon near the major city of Kaohsiung were strongly criticized over the weekend because of their close resemblance to the QBZ-95, a Chinese-developed assault rifle used by the People's Liberation Army of China. China sees the self-governing democracy of Taiwan as a breakaway province and has not ruled out using force to achieve its unification goal. The ruling Chinese Communist Party, which came to power in 1949, has never controlled Taiwan, which rejects Beijing's sovereignty claims. The trophies were gun-themed because the route ran through multiple military facilities affiliated with Taiwan's National Defense Ministry. Hsu Chih-chieh, a legislator from Taiwan's governing Democratic Progressive Party whose office co-hosted the race, said it was an 'oversight' of the organizers to model the trophies after a nondomestic military firearm. 'We have requested an immediate recall and apologize for the inconvenience,' Hsu said in a Facebook post Sunday. 'Future events will be handled with greater caution.' The Kaohsiung City Fengshan Jogging Association, another organizer of the event, also issued an apology but said the trophy design choice was made with 'aesthetics in mind.' 'Given the association of the military with rifles, we opted for a rifle-shaped trophy instead of a traditional one, with no other special intention behind,' the association said in a statement on Facebook. The association said it has already contacted the manufacturer and will 'proactively' reach out to the award recipients to offer to replace their trophies. 'We also urge individuals with ulterior motives to refrain from spreading unfounded accusations and labeling the event,' it added. The National Defense Ministry said it had agreed to provide access to the facilities. 'When supporting similar events in the future, we will proactively remind the organizers to pay attention to related matters to avoid similar incidents from happening again,' it said in a statement. The Chinese Foreign Ministry did not immediately respond to a faxed request for comment Monday. In recent years, Taiwan has come under growing military and other pressure from China, which sends warplanes and naval vessels toward the island almost daily. On Monday, the National Defense Ministry said it had detected 26 Chinese military planes around Taiwan since 6:40 a.m., including 20 that crossed the median line that had previously served as an unofficial buffer in the Taiwan Strait. Last month, the Chinese military carried out a 'joint combat readiness patrol' about 40 nautical miles off Taiwan that included live-fire drills, which the island criticized as provocative and dangerous. China says its military actions are 'necessary, legitimate and just measures' to safeguard its national sovereignty and territorial integrity. 'They are a resolute response to external forces' deliberate indulgence and support of 'Taiwan independence' activities,' Chinese Foreign Ministry spokesperson Mao Ning said Monday at a regular briefing in Beijing. Mao also said the United States, which has no official relations with Taiwan but is the island's most important international backer, had 'taken a series of misguided actions on the Taiwan issue,' including by amending a State Department website last month to remove the phrase 'we do not support Taiwan independence.' China also responded angrily last week to a joint statement by top diplomats from the Group of Seven nations, which includes the U.S., that condemned 'coercion' against Taiwan and omitted the typical reference to G7 members' 'one China' policies, under which they recognize Beijing as the only legitimate government of China. The G7 statements 'ignore facts and China's solemn position, grossly interfere in China's internal affairs, and blatantly smear China,' a spokesperson for the Chinese Embassy in Canada said in a statement Friday. Last week, Taiwanese President Lai Ching-te called China a 'foreign hostile force' and proposed 17 countermeasures against what he called Beijing's influence campaign, including strict review of applications by Chinese nationals to visit and live in Taiwan, and the reinstatement of military courts. In response, China — which considers Lai a separatist and has rebuffed his offer of talks — called Lai a 'destroyer of cross-strait peace' and 'creator of crises in the Taiwan Strait.' 'We warn the Lai Ching-te administration sternly: Those who play with fire will get burned,' Chen Binhua, spokesperson for China's Taiwan Affairs Office, said Thursday. 'Anyone who engages in 'Taiwan independence' separatism will end up shattered to pieces.' This article was originally published on
NBC News
17-03-2025
- Politics
- NBC News
Organizers of Taiwan marathon apologize over trophies shaped like a Chinese machine gun
HONG KONG — Organizers of a military-linked marathon in southern Taiwan have apologized after handing out trophies in the shape of a Chinese machine gun. The prizes from the Fengshan Marathon near the major city of Kaohsiung drew backlash over the weekend because of their close resemblance to the QBZ-95, a Chinese-developed assault rifle used by the People's Liberation Army of China. China sees self-governing Taiwan as a breakaway province and has not ruled out using force to achieve its unification goal. The ruling Chinese Communist Party, which came to power in 1949, has never controlled Taiwan, which rejects Beijing's sovereignty claims. The trophies were gun-themed because the route ran through multiple military facilities affiliated with Taiwan's Ministry of National Defense. Hsu Chih-chieh, a legislator from Taiwan's governing Democratic Progressive Party whose office co-hosted the race, said it was an 'oversight' of the organizers to model the trophies after a non-domestic military firearm. 'We have requested an immediate recall and apologize for the inconvenience,' Hsu said in a Faceb o ok post on Sunday. 'Future events will be handled with greater caution.' The Kaohsiung City Fengshan Jogging Association, another organizer of the event, also issued an apology but said the trophy design choice was made with 'aesthetics in mind.' 'Given the association of the military with rifles, we opted for a rifle-shaped trophy instead of a traditional one, with no other special intention behind,' the association said in a statement on Facebook. The association said it has already contacted the manufacturer and will 'proactively' reach out to the award recipients to offer to replace their trophies. 'We also urge individuals with ulterior motives to refrain from spreading unfounded accusations and labeling the event,' it added. The Ministry of National Defense said it had agreed to provide access to the facilities. 'When supporting similar events in the future, we will proactively remind the organizers to pay attention to related matters to avoid similar incidents from happening again,' the ministry said in a statement. The Chinese Foreign Ministry did not immediately respond to a faxed request for comment on Monday. In recent years Taiwan has come under growing military and other pressure from China, which sends warplanes and naval vessels toward the island almost daily. On Monday, the Ministry of National Defense said it had detected 26 Chinese military planes around Taiwan since 6:40 a.m., including 20 that crossed the median line that had previously served as an unofficial buffer in the Taiwan Strait. Last month, the Chinese military carried out a 'joint combat readiness patrol' about 40 nautical miles off Taiwan that included live-fire drills, which the island criticized as provocative and dangerous. China says its military actions are 'necessary, legitimate and just measures' to safeguard its national sovereignty and territorial integrity. 'They are a resolute response to external forces' deliberate indulgence and support of 'Taiwan independence' activities,' Chinese Foreign Ministry spokesperson Mao Ning said Monday at a regular briefing in Beijing. Mao also said the United States, which has no official relations with Taiwan but is the island's most important international backer, had 'taken a series of misguided actions on the Taiwan issue,' including by amending a State Department website last month to remove the phrase 'we do not support Taiwan independence.' China also responded angrily last week to a joint statement by top diplomats from the Group of 7 nations, which includes the U.S., that condemned 'coercion' against Taiwan and omitted the typical reference to G7 members' 'one China' policies, under which they recognize Beijing as the only legitimate government of China. The G7 statements 'ignore facts and China's solemn position, grossly interfere in China's internal affairs, and blatantly smear China,' a spokesperson for the Chinese Embassy in Canada said in a statement on Friday. Last week, Taiwan President Lai Ching-te called China a 'foreign hostile force' and proposed 17 countermeasures against what he called Beijing's influence campaign, including strict review of applications by Chinese nationals to visit and live in Taiwan, and the reinstatement of military courts. In response, China — which considers Lai a separatist and has rebuffed his offer of talks — called Lai a 'destroyer of cross-strait peace' and 'creator of crises in the Taiwan Strait.' 'We warn the Lai Ching-te administration sternly: Those who play with fire will get burned,' Chen Binhua, spokesperson for China's Taiwan Affairs Office, said Thursday. 'Anyone who engages in 'Taiwan independence' separatism will end up shattered to pieces.'
