Forbes  Lists Gou As Taiwan’s Richest In its annual survey of Asia’s wealthiest individuals, Forbes magazine named Terry Gou, founder and chairman of Hon Hai Precision Industry Co. (also known as Foxconn), as Taiwan’s richest with a fortune worth US$7.3 billion. The Wei brothers of Ting Hsin Inter-national Group were ranked second with combined assets of…

Taiwan should adopt the MDSAP multilateral approach to plant audit reports. In this year’s Taiwan White Paper, AmCham Taipei’s Medical Devices Committee called attention to problems arising from Taiwan’s documentary requirements for medical device companies to qualify to utilize the government’s simplified approach to auditing manufacturing facilities in the United States. As part of the…

U.S. Restricts Exports to Chinese IC Company The U.S. Commerce Department announced that American companies will need to apply for licenses for all exports or transfers of commodities, software, and technology to China’s Fujian Jinhua Integrated Circuit Co., effective October 30, and that “such license applications will be reviewed with a presumption of denial.” Micron,…

A revamped government organization stresses dedication to helping companies solve problems. From early this year, the government agencies dealing with investment matters have been brought together under a new umbrella organization, InvesTaiwan, characterized by a logo featuring a stalk of grain, symbolizing the fertility of Taiwan’s business environment. Three agencies of the Ministry of Economic…