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 first 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.