TSMC May Not Settle in Kaohsiung, DPP Legislator Blames Party Policies

TSMC
Photo by Peellden via Wikimedia Commons

DPP Legislator Chao Tien-lin (趙天麟) said that the possibility that TSMC will not open a facility in Kaohsiung is an indicator of the failure of the DPP and its economic policies, UDN reported.

He added that if TSMC does not settle in Kaohsiung, the company will likely leave Taiwan, which would cause losses in tax revenue. He called on President Tsai Ing-wen, the Executive Yuan, and local politicians to help ensure that TSMC and others remain in Taiwan. He noted that the government must address issues that affect the economy, such as power supply and water management.

Last month’s power outage became a concern for manufacturers across Taiwan as the incident caused losses for the companies. Companies such as TSMC have become increasingly concerned about the electricity supply and power grid.

Chao reportedly intends to run for mayor of Kaohsiung, and his criticism could help distance himself from national policies of his party to attract voters who have become dissatisfied with the DPP. He said that he would focus on economic policies to retain major companies, especially those that operate in the Kaohsiung Science Park.

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