Too much of a good thing?
Article Abstract:
Analysts are worried that Taiwan has not done enough to spruce up the services sector as with the semiconductor industry. The government continues to promote technology companies and this has analysts worried that the country's continued reliance on a single, volatile industry could leave it vulnerable in the event of a downturn. There is also worry that production costs have increased too much to support domestic production of semiconductors.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Bad timing plagues Taiwan's hope of boom: semiconductor glut hinders takeoff of Tainan industrial park
Article Abstract:
Tainan, one of the most impoverished regions in Taiwan, suffered a setback in its plan to revive the economy as United Microelectronics Corp postponed its plan to invest $15 bil for a computer-microchip factory in 1998. According to Fung-shyung Shiau, secretary-general of the Cabinet's Council for Economic Planning and Development, many companies deem it unwise to make new investments in this critical period.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Macronix is scaling back
Article Abstract:
Chip maker Macronix International Co intends to invest only NT$3 bil in 1998, and none will be utilized for plant expansion, after originally announcing plans to make investments of NT$11 bil in 1998. The company's investment reductions came after the country's chip industry leader, Taiwan Semiconductor Manufacturing Co, will cut back proposed capital spending in 1998 by 30%, or $380 mil.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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