Taiwanese technology companies have increased their planned U.S. investments by about $20 billion since May, Taiwan’s economy minister said Sept. 2.
Minister of Economic Affairs Kung Ming-hsin announced the increase at the opening of the U.S. Pavilion at SEMICON Taiwan, a major semiconductor industry trade show, in Taipei.
U.S. Commerce Department official Bill Frauenhofer described it as an “incremental $20 billion” in U.S. investment by Taiwanese semiconductor and AI-server supply chain companies.
Frauenhofer, executive director of the CHIPS Program Office, said the investment would contribute to more secure and resilient semiconductor and electronics supply chains.
The Taiwanese Ministry of Economic Affairs said a survey conducted around the SelectUSA Investment Summit in May found about 20 semiconductor and AI server-related companies were planning roughly $35 billion in U.S. investment. Now, a new survey found those plans had increased by another $20 billion within several months….