China and Taiwan may be like snake and mongoose but when it comes to business, there is hope and optimism that after all the guns won’t blaze in that part of the world.



It is so that Taiwan’s leading testing and packaging house Siliconware Precision Industries Ltd (SPIL) is contemplating an investment in China to assemble memory cards. Though dates were not forthcoming SPIL has announced that it would invest in a Suzhou subsidiary.



Actually, SPIL posted a filing with the Taiwan Stock Exchange (TSE) on February 22 where it announced that it would invest US$20 million via its subsidiary company SPIL (Cayman) Holding in its wholly-owned subsidiary SPIL (Suzhou).



Already, the company has invested a total of US$50 million in its Suzhou subsidiary.



It must be mentioned that related memory card assembly investment in China is legitimate under Taiwanese laws and SPIL applied for such type of investment in 2003.



Do business, bury the hatched. War is everyone’s loss, there won’t be any gainers.



News: DigiTimes