Taipei, July 28 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC) Chairman Morris Chang said Friday that his company has no plans to invest in the United States, following a decision by Hon Hai Precision Industry Co. to build a display panel plant in the U.S. state of Wisconsin.
Chang told reporters that the latest investment decision by Hon Hai Chairman Terry Gou was a very good one based on solid reasons.
However, "Taiwan remains our top choice when it comes to investment," Chang said, in response to a question on whether his company planned to follow Hon Hai's lead.
He said TSMC intends to remain in Taiwan and appreciates the government's promise to do its utmost to help facilitate that.
Meanwhile, Tien Wu, chief operating officer of integrated circuit packaging and testing services provider Advanced Semiconductor Engineering Inc. (ASE), said Friday that his company remains ambitious about its Taiwan development and plans to continue its domestic investments while expanding its global footprint.
Commenting on the issue of preventing flight of investments by Taiwanese companies, Lin Por-fong, chairman of Taiwan's Chinese National Association of Industry and Commerce, urged the government to improve the domestic investment environment by reducing taxes and ensuring an adequate supply of water, electricity and land.
He said the decisions by Hon Hai and Taiwan Formosa Plastics Group to invest in the United States were "foreseeable," because of the more favorable investment environment and incentives there.
In addition, the costs involved in investing in the United States will decrease with the development of smart machinery, he said.