Taiwan says its companies plan to invest another $20 billion in US
TSM•U.S. commerce official welcomes semiconductor investment
Speaking at the same event as Kung, a U.S. Commerce Department official who oversees the government programme to boost domestic semiconductor manufacturing, called the CHIPS Act, welcomed the announcement.
"It demonstrates our continued shared commitment to a secure, resilient and innovative semiconductor and electronics supply chain," said Bill Frauenhofer, executive director of semiconductor investment and innovation at the department.
"These projects will strengthen critical technology capabilities in the U.S. and advance innovations that will shape our collective future for decades to come."
U.S. President Donald Trump has on occasion criticised Taiwan for "stealing" American semiconductor business, a perception Taiwan's government says is unfair even as it has backed its companies to increase their U.S. investments.
(Reporting by Ben Blanchard; Editing by Muralikumar Anantharaman)
