Robert Tsao gives up his Taiwanese citizenship
The China Post news staffRobert Tsao (曹興誠), honorary chairman of United Microelectronics Corp. (UMC) said yesterday in a TV interview that he has given up his Taiwan citizenship.
April 23, 2011, 12:11 am TWN
Disappointment in the domestic judicial system is the major reason why Tsao decided to become a Singaporean. According to Tsao, the lawsuit against him for investing in a mainland Chinese company is the key factor for his decision. “The case dragged on for over five years. It's like a fight with monkeys,” said Tsao.
Tsao's Singaporean citizenship will not affect his position as the company's honorary Chairman as it is a personal decision, according to UMC.
The Hsinchu Prosecutors Office charged Tsao in 2006 with violating the Commercial Accounting Act and breach of trust for investing in He Jian (和艦), the Chinese company involved in the investigation. The Taiwanese government forbade local high-tech firms from interacting with Chinese companies, fearing that exchanges in sensitive technological fields would damage the country's competitiveness and security.