MOEA and TEEMA Sign Overseas Industrial Cooperation MOU; Taiwanese Firms Signal U.S. Investment Intentions Totaling Approximately US$35 Billion

The Ministry of Economic Affairs (MOEA) Minister Kung Ming-Hsin and Minister of the National Development (NDC) Council Jin-Ching (Pail) Liu, and Taiwan Representative to the United States, Alexander (Tah-Ray) Yui, jointly held a press conference in Washington, D.C. on May 6 (U.S. Eastern Time) to outline Taiwan's achievements and participation in the SelectUSA Investment Summit. During the event, Minister Kung also signed a MOU on jointly promoting the development of overseas industrial clusters with Chieh-Li Hsu, Vice Chairman of the "Taiwan Electrical and Electronic Manufacturers' Association" (TEEMA), to support and facilitate Taiwanese enterprises in expanding and investing in the United States.

Kung noted that Taiwan's economic performance in recent years has remained robust, driven by sustained growth in exports and high-tech industries. Bilateral trade and investment between Taiwan and the United States have now surpassed the scale of cross-strait economic relations, underscoring the increasing strategic importance of Taiwan-U.S. cooperation. He emphasized that Taiwan's strengths in semiconductors and advanced manufacturing have positioned the country as a critical partner in the United States' efforts to develop the AI industry and strengthen supply chain resilience. On taxation, Kung stressed the urgent need to advance the proposed Agreement for the Avoidance of Double Taxation (ADTA) between Taiwan and the United States in order to establish a fairer tax environment. He further noted that the Taiwan-U.S. Economic Prosperity Partnership Dialogue (EPPD) platform could serve as an important mechanism for deepening supply chain collaboration.

According to the government's preliminary assessment, 20 Taiwanese companies — including UMC (聯電), GlobalWafers (環球晶), WIN Semiconductors (穩懋), Chang Chun Group (長春), Foxconn (鴻海), Quanta Computer (廣達), Wistron (緯創)/Wiwynn (緯穎), and Compal Electronics (仁寶) — have expressed interest in investing in the United States. The proposed investments, spanning semiconductors, AI servers, and related supply chain sectors, are estimated to total approximately US$35 billion. Kung emphasized that these investment plans are being independently pursued by the companies themselves, reflecting the growing view among Taiwanese enterprises that the United States is a key strategic base in their global expansion plans.

To assist Taiwanese businesses in establishing operations in the United States, the MOEA and the NDC announced 3 supporting measures:

1st, the National Development Fund (NDF) will collaborate with financial institutions to establish a dedicated guarantee fund, with the first phase expected to support financing for investments totaling approximately US$50 billion.

2nd, in cooperation with TEEMA, the government will promote the planning of industrial parks and supply chain clusters in the United States, replicating Taiwan's highly efficient industrial cluster model.

3rd, following the establishment of the Dallas Taiwan Trade and Investment Center, Taiwan announced on May 1 the creation of a 2nd Taiwan Trade and Investment Service Center in Phoenix, Arizona. Together, the Phoenix and Dallas centers will provide Taiwanese companies investing in the U.S. with regulatory, tax, commercial, and operational support services.

In addition, Minister Kung and CPC Corporation President Chang (Michael) Min visited to the U.S. to complete the exchange ceremony for the 25-year LNG procurement agreement signed earlier this year in February 2026 with Cheniere Energy. Under the agreement, Taiwan will begin receiving LNG shipments next month and will purchase 1.2 million metric tons annually starting in 2027. Kung stated that the cooperation will not only enhance Taiwan's energy security, but also further strengthen supply chain resilience. The Ministry of Economic Affairs also announced that the Taiwan Expo will return to Dallas, Texas, in September 2026, with a focus on AI and smart technologies as part of ongoing efforts to deepen Taiwan-U.S. industrial cooperation.

Source: MOEA