Following the 25% tariff on China's $34 billion product on July 6, the US Trade Representative Office (USTR) announced an additional $16 billion sanctions list on August 7 and implemented it on August 23. This batch of 279 items Products, mainly petrochemical, steel and aluminum, machinery and some electronic products, sparked market attention.
For UMC, which invests in Taiwan Semiconductor, whether TSMC and Hon Hai are affected? Shen Rongjin said that TSMC’s output value in China last year was 700 million U.S. dollars (about NT$21 billion). Taiwan's semiconductor industry's total output value of NT$2.46 trillion is only about 0.9%. As for Intel, Samsung, Hynix and other big companies, Shen Rongjin believes that observing the willingness of these international companies to invest in the mainland may be compared. 3. The big impact, at this time, Taiwan's semiconductor industry is good, may benefit from the transfer effect.
He stressed that the most important task at present is to "put our good business", that is, to continuously improve the investment environment in Taiwan, and let enterprises stay in Taiwan to enhance Taiwan's competitiveness. China has the advantages of market and cost in the past. The offer attracted Taiwanese investment, but the incentives were reduced and the US tax was heavily taxed. Taiwanese businessmen were more willing to stay in Taiwan. "This is a good thing for Taiwan."
Shen Rongjin said that the government will use this opportunity to solve the five shortcomings as soon as possible, "ready (ready) land, water and electricity, talents", optimize Taiwan's investment environment, and welcome Taiwanese businessmen back.