Taiwan Seeks Strong AI Partnership with U.S. through Major Investment Deal

Taiwan aims to forge a strategic partnership with the U.S. in artificial intelligence by cutting tariffs and boosting its investment in the U.S., as per Vice Premier Cheng Li-chiun. A new deal will see Taiwanese firms invest $250 billion in the U.S., focusing on semiconductors, energy, and AI.

Taiwan is aiming to establish a strong strategic partnership with the United States in the realm of artificial intelligence. This follows the signing of a significant trade deal intended to cut tariffs and bolster Taiwanese investment in America, according to statements made by Vice Premier Cheng Li-chiun.

In an announcement livestreamed from a Washington press conference, Cheng highlighted that the plan includes a considerable investment of $250 billion by Taiwan's companies in various sectors, including semiconductors and energy, marking a major step forward in U.S.-Taiwan economic relations.

Moreover, the new partnership could potentially strain U.S.-China relations, given China's claims over Taiwan. Nonetheless, Taiwan, described as a key strategic ally in semiconductors by U.S. officials, anticipates the deal will not only enhance its technology industry but also strengthen its position in the global supply chain.

(With inputs from agencies.)