Taiwanese companies would be “critical” in order to meet US President Donald Trump’s goal of reindustrializing the US, American Institute in Taiwan (AIT) Director Raymond Greene said on Sunday.
Greene made the remarks at a reception for Taiwan’s delegation at the US Department of Commerce’s 2025 SelectUSA Investment Summit, being held in Maryland from Sunday through tomorrow.
Ten years ago, 80 percent of Taiwan’s foreign investment went to China, but last year, more of it went to the US than to any other country, Greene said.
Photo: CNA
Just as Taiwanese companies were crucial to the industrialization of China 30 years ago, “we expect Taiwan companies to be just as critical to achieving President Trump’s mission for reindustrializing the United States,” he said.
The AIT has helped support the growing interest of Taiwanese companies in the US, particularly in fields such as semiconductors, artificial intelligence (AI) and quantum technology, he said.
The Taiwan delegation to the summit was the largest among all the participants, he added.
Cabinet Secretary-General Kung Ming-hsin (龔明鑫), who is leading the Taiwan delegation, and Minister of Economic Affairs J.W. Kuo (郭智輝), also spoke at the reception, urging the US Congress to pass legislation to prevent double taxation between Taiwan and the US.
The US-Taiwan Expedited Double-Tax Relief Act was approved by the US House of Representatives in January, but must still be passed by the Senate.
Meanwhile, Kung said Taiwan is seeking deeper military and economic cooperation with the US, despite Trump-imposed tariffs that have rattled business leaders in Taiwan.
The White House last month imposed hefty tariffs on trading partners globally including Taipei before pausing them for 90 days.
“We have seen the whole world express concern over the tariffs issue, and our president, [William] Lai (賴清德) has already met with the heads of major Taiwanese companies 10 times, which also shows their great concern,” Kung said.
He suggested the two countries could work together on security and technology.
“We can have research and development together in the area of drones, for example,” he said.
“The United States has advanced technologies and Taiwan is very strong in having a mass production of this kind of advanced technologies,” he added.
Kung touted an opportunity for “good cooperation” that could in turn benefit “enhancing our industrial security.”
About 60 percent of Taiwanese exports to the US fall within the information technology sector and are mainly semiconductors, which are used in everything from televisions and cars to weapons and supercomputers.
In a statement last week, Taiwan’s Cabinet said the delegation to the SelectUSA Investment Summit would include representatives from industries such as information and communications technology, semiconductors, AI, chemical engineering, biotechnology, smart manufacturing, aerospace and financial services.
Beijing could eventually see a full amphibious invasion of Taiwan as the only "prudent" way to bring about unification, the US Department of Defense said in a newly released annual report to Congress. The Pentagon's "Annual Report to Congress: Military and Security Developments Involving the People's Republic of China 2025," was in many ways similar to last year’s report but reorganized the analysis of the options China has to take over Taiwan. Generally, according to the report, Chinese leaders view the People's Liberation Army's (PLA) capabilities for a Taiwan campaign as improving, but they remain uncertain about its readiness to successfully seize
Taiwan is getting a day off on Christmas for the first time in 25 years. The change comes after opposition parties passed a law earlier this year to add or restore five public holidays, including Constitution Day, which falls on today, Dec. 25. The day marks the 1947 adoption of the constitution of the Republic of China, as the government in Taipei is formally known. Back then the Chinese Nationalist Party (KMT) governed China from Nanjing. When the KMT, now an opposition party in Taiwan, passed the legislation on holidays, it said that they would help “commemorate the history of national development.” That
Trips for more than 100,000 international and domestic air travelers could be disrupted as China launches a military exercise around Taiwan today, Taiwan’s Civil Aviation Administration (CAA) said yesterday. The exercise could affect nearly 900 flights scheduled to enter the Taipei Flight Information Region (FIR) during the exercise window, it added. A notice issued by the Chinese Civil Aviation Administration showed there would be seven temporary zones around the Taiwan Strait which would be used for live-fire exercises, lasting from 8am to 6pm today. All aircraft are prohibited from entering during exercise, it says. Taipei FIR has 14 international air routes and
Snow fell on Yushan (Jade Mountain, 玉山) yesterday morning as a continental cold air mass sent temperatures below freezing on Taiwan’s tallest peak, the Central Weather Administration (CWA) said. Snowflakes were seen on Yushan’s north peak from 6:28am to 6:38am, but they did not fully cover the ground and no accumulation was recorded, the CWA said. As of 7:42am, the lowest temperature recorded across Taiwan was minus-5.5°C at Yushan’s Fengkou observatory and minus-4.7°C at the Yushan observatory, CWA data showed. On Hehuanshan (合歡山) in Nantou County, a low of 1.3°C was recorded at 6:39pm, when ice pellets fell at Songsyue Lodge (松雪樓), a
RSS