TAIPEI May 14 Taiwan's National Development
Fund said on Tuesday it has agreed to spend T$20 billion ($666
million) to encourage companies of strategic importance to the
economy to merge.
The Taiwan government's investment promotion website said the
Fund's key priorities historically "focused on industries such
as petrochemicals and semiconductors to promote Taiwan's
economic development plans. Recent investment has focused on 10
emerging industries, including information, telecommunication,
aerospace and biotechnology.
"Investment is also directed at strengthening venture capital
investment in innovative industries, in support of 2008
Challenge and its subsidiary plans. The goal is to raise a
NT$100 billion venture capital fund. "