Taiwan’s Democratic Progressive Party is opposing Chinese chip investments again, citing a potential conspiratorial attempt at controlling Taiwan’s chip industry (http://www.wsj.com/articles/top-tsinghua-official-criticizes-taiwanese-opposition-to-chip-ambitions-1450340943), as reported by the Wall Street Journal. Does that empty statement sound like a familiar American conspiracy theory, totally uneducated and unfounded? Is there any proof that China is trying to control Taiwan’s industries? Maybe it’s very obvious and no proof is required, but I must ask one simple question: “how many percents are they buying?” 10%? 20%? As long as they don’t have the majority of voting shares, what’s to worry about? Do you think those chip makers will sell themselves to China? Why sell if business is that good? Stop trying to dictate what Taiwanese companies should or should not do. If you don’t trust them, why can’t you encourage the pro-independence Taiwanese to run their own companies instead? Are pro-independence Taiwanese losers, incapable of running businesses? Do they exist simply to try to control others’ businesses through political power? Sense of honor, please.
Of course, there’s always a need to protect national interests. If China is to buy Boeing or Lockheed Martin, I am sure that the American government will step in and block it. If it’s IBM or Apple, it’s really just not that serious yet. Again, it also depends on the percentage of voting shares they buy. Chips? Just give me a break. Plus, Taiwanese chip makers are not Intel yet. They need to work with China to become the next Intel. The Chinese market will provide them enough funds for future research and development. R&D really costs money. If you are really not comfortable with Chinese companies, just make a new law and put a cap, say, 30% of voting shares max for all foreign companies, Chinese or not. That’s probably already overly protective, against the principle of free trade. A case-by-case study will be better, where key competitive advantages can be examined in the light of national interests. After all, it doesn’t happen all that often that a Chinese company would like to buy a key Taiwanese company. The court time is totally affordable. Business-wise, China is just not that into Taiwan yet. Maybe they will be one day, but today they are looking at the chips only.
You see why I hate talking about Taiwan, though I was born there? It’s all about politics, all talks and no walks. Too empty. Anyways. Most countries are like that. It’s just that the pro-independence campaign is way too unrealistic and impractical. I am very confident that Taiwan is capable of independence, but the rational Taiwanese know what it takes to be independent and believe that it’s not worth it. Democracy is really all that matters. Independence happens to be the most expensive way. Reality matters more than a name.
Again, if pro-independence Taiwanese really mean business and care about Taiwan’s future, be the ones to create those industry giants. Then, I know they are more serious.