Ministry of Economic Affairs inventories semiconductor and other companies' intentions to invest in the US, reaching $35 billion

Central News Agency

(Central News Agency reporter Hou Tzu-ying, Washington, 6th exclusive report) Minister of Economic Affairs Kung Ming-hsin stated today in Washington that an inventory of approximately 20 semiconductor, AI, and server-related companies' intentions to invest in the US has accumulated to about $35 billion, indicating a high willingness of Taiwanese manufacturers to invest in the US. Regarding the US-Taiwan double taxation avoidance bill, he said that US senators are optimistic about its passage, and it is only a matter of time.

Kung Ming-hsin and National Development Council Minister Kung Ming-hsin led a Taiwanese delegation to the US to participate in the 2026 "SelectUSA Investment Summit" and held a press conference on the prospects of Taiwan-US supply chain cooperation this afternoon. Kung Ming-hsin stated that Taiwan once again became the largest delegation at the "SelectUSA Investment Summit" this year, with 113 companies and a total of 207 representatives, exceeding 200 people for the first time. The delegation included large enterprises such as semiconductor companies, as well as small and medium-sized enterprises.

Kung Ming-hsin pointed out that the Ministry of Economic Affairs conducted an inventory of semiconductor, artificial intelligence (AI), and server-related supply chain manufacturers' intentions to invest in the US, surveying about 20 Taiwanese companies, including UMC, GlobalWafers, Wistron, Quanta, Compal, and Foxconn. The investment intentions proposed by these companies amount to approximately $35 billion, which will serve as the first wave of future investments.

He said that this $35 billion does not include TSMC's investment, as TSMC's investment amount is very large, and the Ministry of Economic Affairs respects their external announcements. From the trend, Taiwanese manufacturers have a very high interest and willingness to invest in the United States.

TSMC, the world's largest wafer foundry, announced in March last year that it would reinvest at least $100 billion (approximately NT$3.2915 trillion) in the United States, following its original plan to build three wafer fabs in Arizona. This investment will be used to build three wafer fabs, two advanced packaging plants, and one R&D center. This brings TSMC's total investment in the United States to $165 billion.

Hou Yung-ching, TSMC's Senior Vice President, Co-Chief Operating Officer, and Chief Information Security Officer, was asked yesterday at a forum at the "SelectUSA Investment Summit" whether TSMC would further increase its investment in the United States in the future. He said that there are many possibilities, and "we are ready for any new business growth opportunities."

Kung Ming-hsin stated at today's press conference that the four pillars of Taiwan-US economic relations include the investment cooperation memorandum and reciprocal trade agreement signed earlier this year. The Ministry of Economic Affairs and the US Department of Commerce frequently communicate on how to promote Taiwanese companies' investment in the US. US Secretary of Commerce Howard Lutnick also met with the Taiwanese delegation after his speech at the "SelectUSA Investment Summit" on the 4th, engaging in interactions and exchanges.

According to the Taiwan-US agreement, Taiwan agreed to invest in the US with two different types of capital commitments: one is $250 billion in autonomous investment by Taiwanese enterprises, including investments in semiconductors, AI applications, electronic manufacturing services (EMS), energy, and other industries. The second type is the Taiwanese government supporting financial institutions to provide corporate credit lines of up to $250 billion through credit guarantees.

However, Taiwan and the US still need to work hard to promote the avoidance of double taxation. Kung Ming-hsin said that the US House of Representatives has passed the "US-Taiwan Expedited Double Taxation Relief Act," which is awaiting scheduling in the Senate. During his visit to Washington this time, he visited the US Department of Commerce, Treasury Department, and other administrative departments, and they expressed willingness to convey to the US Congress the importance of this for Taiwan-US investment.

He revealed that he visited a US federal senator yesterday and will continue to visit senators tomorrow. Basically, they all support this bill, and "everyone is optimistic about its passage and believes it will definitely pass; it's just a matter of timing."

Kung Ming-hsin also signed a memorandum of cooperation on jointly promoting the development of overseas industrial clusters at today's press conference, representing the Ministry of Economic Affairs and Hsu Chieh-li, Vice Chairman of the Taiwan Electrical and Electronic Manufacturers' Association, who accompanied the delegation.

Hsu Chieh-li stated that establishing industrial parks in the United States aims to create a cluster effect. During this visit to the US, they inspected Phoenix, Arizona, and will then go to Houston, Texas. TSMC already has a large base in Phoenix, and "we believe that the semiconductor supply chain should continue to invest in Phoenix." Other companies, such as Taiwan's 'Big Five' electronics manufacturers and Foxconn, mostly have factories or plans to establish factories in Texas, so another direction for establishment should be mainly Texas.

Regarding Taiwan-US energy cooperation, Kung Ming-hsin stated that CPC Corporation also joined the Taiwanese delegation to the "SelectUSA Investment Summit" this time and held a contract text exchange ceremony for a procurement contract with US company Cheniere during their visit to the US.

CPC Corporation signed a nearly 25-year LNG purchase and sale agreement with Cheniere, the largest US LNG exporter, in February this year, with deliveries starting in June. Kung Ming-hsin stated that due to the ongoing conflict in the Middle East, this will strengthen the resilience of Taiwan's natural gas supply, provide more flexibility in dispatch, and help with dispatch after July. (Editor: Chang Chih-hsuan) 1150507

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