Tsinghua Unigroup sticks to Taiwan investment plan

The chairman of chip giant Tsinghua Unigroup Ltd has insisted the Taiwan leadership transition will not affect the company's recently announced investments on the island.

His comments came as the Taiwan authorities were reported to have begun reviewing the Beijing-based firm's proposals to buy stakes worth nearly $1 billion in two Taiwan chip packaging and testing firms.

Zhao Weiguo, the Unigroup chairman, said: "No matter who is the leader of Taiwan, there is always a desire there for development.