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TSMC to set up wholly owned subsidiary in Japan


The logo of Taiwan Semiconductor Manufacturing Co is pictured at its headquarters in Hsinchu on Jan. 18.
Photo: Ann Wang, Reuters

Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) board of directors has approved a plan to invest up to ¥18.6 billion (US$177.7 million) to set up a fully owned subsidiary in Japan to expand its 3D semiconductor material research, the company said yesterday.

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Independent Kaohsiung councilor survives recall


Democratic Progressive Party (DPP) Legislator Hsu Chih-chieh, left, hands a tissue to independent Kaohsiung City Councilor Huang Jie, center, as the result of a failed recall vote against her was announced in Kaohsiung yesterday.
Photo: Lee Hui-chou, Taipei Times

Independent Kaohsiung City Councilor Huang Jie (黃捷) yesterday weathered a recall vote to retain her councilor seat in Fongshan District (鳳山).

Kaohsiung City Election Commission data showed that 65,391 people voted against recalling her, while 55,261 voted in favor.

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Newsflash


Lawyer and Chinese Nationalist Party (KMT) member George Wang yesterday prepares to file a lawsuit with the Taipei District Prosecutors’ Office over the unexplained loss of value of the party’s assets.
Photo: Chien Li-chung, Taipei Times

George Wang (王可富), lawyer and former legal consultant to Ma Ho-ling (馬鶴凌), yesterday filed suit against 13 elite members of the Chinese Nationalist Party (KMT) — including President Ma Ying-jeou (馬英九) — accusing them of breach of trust and embezzling NT$200 billion (US$6.3 billion) worth of party assets.

“Ma Ying-jeou is behind the unexplained depreciation of party assets,” Wang said as he filed the suit with the Taipei District Prosecutors’ Office.