Market Chatter: Taiwanese Firms to Pour Additional $20 Billion in US Amid Strong AI Demand, Economy Minister Says

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Taiwanese companies are planning an additional $20 billion in investments in the U.S. amid strong demand for AI applications and semiconductor products, Reuters reported Wednesday, citing Economy Minister Kung Ming-hsin.

Addressing the U.S. pavilion ⁠at the SEMICON trade show in Taipei, Kung said Taiwan's economy ministry had identified companies, excluding Taiwan Semiconductor Manufacturing (TPE:2330), d/b/a TSMC. However, the minister did not name companies or provide further details on the planned investments, according to the report.

A U.S. Commerce Department official welcomed the plans, saying they would support a secure and resilient semiconductor and electronics supply chain, the news agency said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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However, the minister did not name companies or provide further details on the planned investments, according to the report.</p><p>A U.S. Commerce Department official welcomed the plans, saying they would support a secure and resilient semiconductor and electronics supply chain, the news agency said.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. 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However, the minister did not name companies or provide further details on the planned investments, according to the report.A U.S. Commerce Department official welcomed the plans, saying they would support a secure and resilient semiconductor and electronics supply chain, the news agency said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}