Taiwan firms plan extra $20B U.S. investment as AI demand drives chip growth

With the growing use of AI across sectors, Taiwanese enterprises plan to spend another $20 billion in the U.S. The nation’s economy minister, Kung Ming-hsin, announced their intention on Wednesday, though he did not share specifics.

For some time now, the U.S. has been encouraging Taiwanese tech companies to build more factories on American soil to boost domestic chip production. While the two nations lack official diplomatic ties, the U.S. stands as Taiwan’s most critical international supporter and arms supplier.

Speaking on their partnership, Minister Kung Ming-hsin noted at the opening of the U.S. pavilion during Taipei’s SEMICON trade show that Taiwanese corporations are “very actively” putting their capital to work in the United States.

The US reacted positively to the potential $20 billion investment

At the trade show, Economy Minister Kung Ming-hsin also mentioned that not only TSMC but also several other companies are willing to invest in the U.S. economy. This could add up to another $20 billion in investments.

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