UMC founder to donate NT$3bn for Taiwan's security

Robert Tsao (曹興誠), founder of contract chipmaker United Microelectronics Corp (UMC), yesterday pledged to donate NT$3 billion (US$100.17 million) to help Taiwan bolster its defenses as China launched intensive military drills around Taiwan.
Tsao, who gave up his Republic of China (ROC) citizenship to migrate to Singapore in 2011 in part because of lingering dismay over government restrictions on UMC’s ability to invest in China, has recently become a vocal critic of Beijing.
At a news conference in Taipei, the entrepreneur described Chinese maneuvers as “unbearable insolence” and said the donation would be aimed at shoring up Taiwan’s security and defense posture.
The

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