On May 6, 2026, Taiwan's Minister of Economic Affairs Kung Ming-hsin and National Development Council Minister Yeh Chun-Hsien, along with Representative to the United States Alexander Yui jointly held a press conference in Washington, D.C. to outline the results of Taiwan's participation in the SelectUSA Investment Summit and discuss prospects for Taiwan-U.S. cooperation on supply chains.
During the event, Minister Kung signed a memorandum of understanding (MOU) with Vice Chairman Jerry Hsu of the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) to promote overseas industrial cluster development and support the expansion of Taiwanese businesses abroad.
According to the Ministry of Economic Affairs (MOEA), a preliminary survey found that around 20 Taiwanese companies expressed interest in investing in the United States, with an estimated investment totaling approximately US$35 billion. The investments primarily involve semiconductor and AI server supply chains, which include such companies as UMC, GlobalWafers, WIN Semiconductors, Foxconn, Quanta, Wistron, and Compal.
Minister Kung said Taiwan's manufacturing strengths have made the country an important partner of the United States in the AI era. Regarding the US$35 billion in planned investments, he emphasized that they are based on the business strategies of the companies rather than on government directives. He also noted that Taiwan's investment in the United States has evolved from individual corporate expansion into a broader industrial strategy aimed at strengthening global competitiveness and supporting more resilient high-tech supply chains.
Minister Kung also remarked that Taiwan continued to be one of the largest delegations at this year's SelectUSA Summit, 113 Taiwanese companies and 207 delegates participating. He said the strong turnout reflected that the United States has become a crucial hub for the global deployment of Taiwanese enterprises amidst global supply chain restructuring and advanced technological development.
Looking ahead, the MOEA announced that Taiwan Expo USA will be held again in Dallas, Texas from September 24 to 26 this year, focusing on AI and smart technology applications to further expand bilateral business cooperation.
2026-06-23