Taiwan has once again sent the largest foreign delegation to this year’s SelectUSA Investment Summit, with 113 Taiwanese companies and a record 207 representatives attending the annual US investment event, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said on Sunday.
This year’s summit, organized by the US Department of Commerce, opened on Sunday in Maryland and runs through tomorrow.
Speaking at a reception hosted by Taiwan’s representative office in Washington, Kung said Taiwan was the largest of the foreign delegations, as it has been for the past four years.
Photo courtesy of the National Development Council
US Undersecretary of Commerce for International Trade William Kimmitt, who attended the reception, praised Taiwan’s strategic role in global industry.
Kimmitt said a Taiwan-US investment cooperation memorandum signed in January was not simply a trade agreement, but one that reshaped bilateral strategic and economic ties based on trust and shared strengths.
“Taiwan knows how to build,” Kimmitt said.
Taiwan has built “a reputation for execution — not simply announcing plans, but delivering results. That is why this agreement is so important,” he said.
Under the pact, Taiwan would facilitate US$250 billion in private-sector investment in sectors such as semiconductors and artificial intelligence, while also providing up to US$250 billion in government-backed credit support.
Before the summit, Kung led a delegation to Arizona, where Taiwanese officials agreed with state and city officials to establish a trade and investment service center and a single-window mechanism to assist Taiwanese investors.
Kung visited Taiwan Semiconductor Manufacturing Co’s (台積電) Arizona facilities and said construction was progressing rapidly, with parts of the supply chain already taking shape.
Commenting on a US Supreme Court ruling limiting US President Donald Trump’s tariff authority, Kung said Taiwan remains in close contact with US trade officials and both sides hope to preserve already negotiated outcomes.
Kung said avoiding double taxation remains a key issue for Taiwanese firms investing in the US, adding that he would meet with US officials and senators to push for Senate consideration of a US-Taiwan double-tax relief bill already passed by the House.
Meanwhile, National Development Council Minister Yeh Chun-hsien (葉俊顯) said Taiwan’s National Development Fund would launch a financing guarantee program for Taiwanese firms investing in the US later this month, with an initial credit allocation of US$50 billion.
After several years flying high as Asia’s best Nvidia Corp proxy, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is increasingly vying with other artificial intelligence (AI) stocks for investor attention. Stock traders are chasing a wider array of beneficiaries as mainstream usage of AI creates demand for hardware beyond the most-advanced chips TSMC makes for Nvidia. Subthemes from the deepening memory crunch to advances in robotics are also luring bids. At the same time, investment caps on single stocks are pushing funds to diversify, while retail investors long familiar with TSMC through its US depositary receipts are being offered a broader set of
UNDER MICROSCOPE: Taiwan detained three people who allegedly conspired to buy servers in Taiwan and export them using fraudulent documentation, prosecutors said Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday urged Super Micro Computer Inc to tighten up on compliance after Taiwan detained three people this week for allegedly making fraudulent declarations about artificial intelligence (AI) servers made by its US partner. The development marked the nation’s first crackdown on semiconductor smuggling, which grew after the US slapped restrictions on exports of high-end chips such as Nvidia AI accelerators to China. Nvidia is “rigorous” in explaining regulations to all of its partners, Huang told reporters after arriving in Taipei. “Ultimately Super Micro has to run their own company,” he said in response to
TECH RELIANCE: Growth is increasingly reflecting an unequal K-shaped distribution, where technology sectors outperform and other industries struggle, an expert said Standard Chartered Bank has significantly raised its forecast for Taiwan’s economic growth to 9.5 percent this year, up from 7.6 percent previously, citing surging artificial intelligence (AI) demand driving exports, semiconductor production and investment. The upgrade reflects a sustained AI supercycle that continues to fuel demand for advanced chips and technology infrastructure, which form the backbone of Taiwan’s exports, the bank said in a report this week. “We raise our 2026 growth forecast to reflect a much stronger-than-expected first-quarter GDP figure,” Standard Chartered senior economist for greater China and Asia Tommy Wu (胡東安) said in the report. Driven largely by a 35.3 percent
Two of Taiwan’s international carriers, Starlux Airlines Co (星宇航空) and EVA Airways Corp (長榮航空), have retained the five-star airline rating awarded by international airline review organization Skytrax. Starlux was awarded the distinction for a second consecutive year, while EVA Air received it for the 11th straight year, Skytrax said in statements released yesterday and on Thursday last week, respectively. The five-star rating is considered one of the airline industry's highest honors and is awarded following professional audits of airline product and frontline service standards, Skytrax said. The ratings are based on in-depth assessments using unified global quality standards rather than customer review scores
RSS