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Taiwan Defends Tech Investments as TSMC Expands Abroad Amid U.S. Deal
Taiwan Defends Tech Investments as TSMC Expands Abroad Amid U.S. Deal
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BTCCSquare news:
Taiwan has dismissed concerns over technological harm as TSMC leads a $250 billion semiconductor and AI manufacturing expansion in the U.S. under a new bilateral agreement. Vice Premier Cheng Li-chiun framed the MOVE as an extension of Taiwan's tech industry rather than a relocation, emphasizing continued domestic investment.
The U.S. reduced tariffs on Taiwanese goods from 20% to 15% in exchange for $500 billion in commitments, including chipmaker investments. Critics warn the capital outflow risks eroding Taiwan's high-tech ecosystem, particularly after U.S. officials suggested relocating 40% of supply chains stateside.
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