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Taiwan to help companies relocate to US following Trump tariffs

  • Taiwan's Economy Ministry announced support for companies wishing to relocate to the United States due to new tariffs, including assistance in finding partners and information on U.S. States to invest in.
  • Taiwan's investment in the U.S. Includes $65 billion from TSMC for factories in Arizona, initiated in 2020 under Trump's administration.
  • Shares of Taiwanese tech companies with factories in Mexico dropped significantly, with Foxconn down 8.1%, Quanta down 9.8%, and Inventec off 6.7%.
  • Taiwan President Lai Ching-te stated that the government will maintain friendly policies to support firms wishing to invest in Taiwan instead of China.
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BizToc broke the news in on Monday, February 3, 2025.
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