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TSMC Drives Record Investment Into US, Japan as China Figure Stagnates
The Straits Times
|January 17, 2025
Taiwanese companies invested a record amount of money in the US and Japan in 2024 while the figure for China stagnated, highlighting supply chain shifts resulting from tech rivalries and worsening cross-strait ties.
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TAIPEI - Taiwanese companies invested a record amount of money in the US and Japan in 2024 while the figure for China stagnated, highlighting supply chain shifts resulting from tech rivalries and worsening cross-strait ties.
Flows into the US reached US$14.1 billion (S$19.3 billion) in 2024, driving total Taiwanese foreign direct investment to US$48.6 billion, both record highs, according to Bloomberg News calculations based on a statement from the Ministry of Economic Affairs.
The ministry on Jan 15 linked the surge to Taiwan Semiconductor Manufacturing Company's (TSMC) overseas investments, such as for a plant in the US state of Arizona.
Denne historien er fra January 17, 2025-utgaven av The Straits Times.
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FLERE HISTORIER FRA The Straits Times
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