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Taiwan to restrict tech companies' sales of China assets

Regulators will be able to block deals involving sensitive tech under new rules

President Tsai Ing-wen's government has been tightening its screening of Chinese investments in Taiwanese companies to protect sensitive technologies. (Source photo by AP)

TAIPEI -- Taiwanese regulators will soon have new powers to block domestic tech companies from selling off their subsidiaries or other assets in China, the latest move by Taipei to prevent the leak of sensitive technologies, including semiconductors, to the mainland.

Taiwan's Ministry of Economic Affairs said it is revising current regulations to require Taiwanese companies to seek approval if they plan to sell or dispose of any of their assets, plants or subsidiaries in China to their Chinese counterparts or other local buyers, as such a move could involve the transfer of sensitive technologies. Current regulation only requires Taiwanese companies to notify authorities of such transactions.

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