Feeds

UMC chiefs to answer China investment claims

Hejian case coming to court

  • alert
  • submit to reddit

Internet Security Threat Report 2014

UMC chairman Robert Tsao will be called to answer charges that he and other company executives broke Taiwan's law governing the investment in technology firms based on the Chinese mainland.

Tsao will join UMC vice-chairman John Hsuan and 23 other defendants following an investigation into connections between the world's second largest chip foundry and Chinese foundry Hejian, Chinese-language newspaper Liberty Times reports, by way of DigiTimes.

Hejian chairman J H Hsu is also in the dock, the paper claimed, citing confirmation from the Hsinchu District Prosecutors Office.

UMC's offices were raided by Taiwanese Ministry of Justice officials in February this year, as were the homes of a number of company executives. The raids were part of an investigation into allegations that UMC staff had invested in Hejian without declaring the fact to the Taiwanese government, as local law demands they do. Taiwanese foundries are not allowed to set up fabs on mainland China without first obtaining the permission of the Taiwanese government.

The same week, investigators detained Hsu, though he was subsequently released on bail. Hsuan was also detained.

UMC has said that neither it nor its executives have any stake, financial or technological, in Hejian, though Tsao has admitted not only to advising Hejian's founders - a number of whom are ex-UMC employees - but desiring to acquire the company.

The paper did not publish the date when the case will come to court.

This latest stage in the UMC-Hejian case comes after relations between Taiwan and China fell a few degrees after the Chinese parliament voted the government powers to use military force against the island should it ever formally declare its independence. The US government has repeatedly backed Taiwanese autonomy with the threat of military intervention of its own. ®

Related stories

UMC chief admits desire to acquire Hejian
Taiwanese agents detain Chinese foundry chief
UMC HQ raided in China investment probe
UMC Q4 income plummets on inventory adjustments

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.