Micron and TSMC Mega-Deals Boost Taiwan's Inbound and Outbound Investments in Jan-Apr
Taiwan's inbound and outbound investments surged by over 150% in the first four months of the year, driven by Micron's $4.33 billion debt-to-equity conversion in Taiwan and TSMC's $30 billion capitalization of its BVI subsidiary.
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- 📰 Published: May 15, 2026 at 19:26
- 🔍 Collected: May 15, 2026 at 20:02 (35 min after Published)
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CNA News
(CNA Reporter Hsieh I-hsuan, Taipei 15th) The Ministry of Economic Affairs announced that approved foreign investments in Taiwan for the first four months of this year reached 7.3085 billion USD, an increase of 158.08% compared to the same period last year. This was primarily due to Singapore-based MICRON SEMICONDUCTOR ASIA PTE. LTD. converting approximately 4.33 billion USD in debt into equity in Taiwan Micron, a capital movement within the Micron Technology group. Additionally, the approved 30 billion USD capital increase by TSMC into its British Virgin Islands subsidiary TSMC GLOBAL LTD. in March drove a manifold increase in outbound investments for the first four months.
The Department of Investment Review of the MOEA released the statistics today regarding approved foreign investments, mainland Chinese investments in Taiwan, outbound investments, and investments in mainland China for April 115 (2026).
Regarding foreign investments, 240 cases were approved in April, with a total investment of 1.218 billion USD. The cumulative number of approved cases from January to April was 796, with an investment amount of 7.3085 billion USD, up 158.08% year-over-year.
The department explained that this was mainly due to the approval of MICRON SEMICONDUCTOR ASIA PTE. LTD. using a monetary claim of approximately 4.33 billion USD against Taiwan Micron Memory Co., Ltd. to subscribe to newly issued shares.
Su Chi-yen, Director of the Department of Investment Review, stated that this was an intra-group capital movement. Taiwan Micron had previous financing needs met by loans from Micron Singapore. As these loans are gradually converted into equity, they are recorded as foreign investment according to the Statute for Investment by Foreign Nationals.
In addition, 127 new companies were approved for foreign investment in April, with an investment amount of approximately 25.84 million USD.
For overall outbound investment by April 115 (2026), 53 cases were approved in April with an investment of 1.545 billion USD; cumulative outbound investments from Jan-Apr reached 207 cases totaling 34.084 billion USD, an increase of 152.84% year-over-year.
The flagship outbound investment case was the March approval for TSMC to increase capital in TSMC GLOBAL LTD. (BVI) by 30 billion USD. Su Chi-yen stated that, as a single case, this 30 billion USD deal is the highest approved outbound investment amount. TSMC has repeatedly invested in this BVI subsidiary, primarily for investing in bank term deposits and USD bonds to earn interest and lower forex hedging costs.
Regarding investments in mainland China, 25 cases were approved in April with an investment of 18.98 million USD; cumulative investments from Jan-Apr stood at 74 cases totaling 262.98 million USD, a decrease of 39.21% year-over-year.
For mainland Chinese investments in Taiwan, 3 cases were approved in April totaling 1 million USD; cumulative Jan-Apr investments stood at 6 cases totaling 1.098 million USD, down 98.86% year-over-year. (Editor: Pan I-ching) 1150515
(CNA Reporter Hsieh I-hsuan, Taipei 15th) The Ministry of Economic Affairs announced that approved foreign investments in Taiwan for the first four months of this year reached 7.3085 billion USD, an increase of 158.08% compared to the same period last year. This was primarily due to Singapore-based MICRON SEMICONDUCTOR ASIA PTE. LTD. converting approximately 4.33 billion USD in debt into equity in Taiwan Micron, a capital movement within the Micron Technology group. Additionally, the approved 30 billion USD capital increase by TSMC into its British Virgin Islands subsidiary TSMC GLOBAL LTD. in March drove a manifold increase in outbound investments for the first four months.
The Department of Investment Review of the MOEA released the statistics today regarding approved foreign investments, mainland Chinese investments in Taiwan, outbound investments, and investments in mainland China for April 115 (2026).
Regarding foreign investments, 240 cases were approved in April, with a total investment of 1.218 billion USD. The cumulative number of approved cases from January to April was 796, with an investment amount of 7.3085 billion USD, up 158.08% year-over-year.
The department explained that this was mainly due to the approval of MICRON SEMICONDUCTOR ASIA PTE. LTD. using a monetary claim of approximately 4.33 billion USD against Taiwan Micron Memory Co., Ltd. to subscribe to newly issued shares.
Su Chi-yen, Director of the Department of Investment Review, stated that this was an intra-group capital movement. Taiwan Micron had previous financing needs met by loans from Micron Singapore. As these loans are gradually converted into equity, they are recorded as foreign investment according to the Statute for Investment by Foreign Nationals.
In addition, 127 new companies were approved for foreign investment in April, with an investment amount of approximately 25.84 million USD.
For overall outbound investment by April 115 (2026), 53 cases were approved in April with an investment of 1.545 billion USD; cumulative outbound investments from Jan-Apr reached 207 cases totaling 34.084 billion USD, an increase of 152.84% year-over-year.
The flagship outbound investment case was the March approval for TSMC to increase capital in TSMC GLOBAL LTD. (BVI) by 30 billion USD. Su Chi-yen stated that, as a single case, this 30 billion USD deal is the highest approved outbound investment amount. TSMC has repeatedly invested in this BVI subsidiary, primarily for investing in bank term deposits and USD bonds to earn interest and lower forex hedging costs.
Regarding investments in mainland China, 25 cases were approved in April with an investment of 18.98 million USD; cumulative investments from Jan-Apr stood at 74 cases totaling 262.98 million USD, a decrease of 39.21% year-over-year.
For mainland Chinese investments in Taiwan, 3 cases were approved in April totaling 1 million USD; cumulative Jan-Apr investments stood at 6 cases totaling 1.098 million USD, down 98.86% year-over-year. (Editor: Pan I-ching) 1150515