Ming-Hsin Kung
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- Taiwan minister: Taiwan firms' US investment aims to 'define the market' in a decade
Taiwan's Minister of Economic Affairs Kung Ming-hsin said Taiwanese companies are shifting their US investment rationale away from lowering production costs toward getting closer to the US market through supply chains, moving from "understanding the market" to "defining the market." He said Taiwan is currently at the front of AI-related industries with a hard-to-replace AI supply chain, and that the US wants Taiwanese firms to invest there and form supply-chain partnerships. The government hopes three to five years of overseas deployment will bring closer market integration, with results visible in about ten years.
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