TSMC Drives Record Investment Into US, Japan in China Decoupling
- Taiwan firms’ FDI into US climbed to $14.1 billion last year
- Expenditures into Japan, Canada and Singapore hit records
TSMC's facility in Phoenix, Arizona, US.
Photographer: Caitlin O'Hara/BloombergThis article is for subscribers only.
Taiwan’s companies invested a record amount of money in the US and Japan last year while the figure for China stagnated — highlighting supply-chain shifts resulting from tech rivalries and worsening cross-strait ties.
Flows into the US reached $14.1 billion in 2024, driving total Taiwanese foreign direct investment to $48.6 billion, both record highs, according to Bloomberg News calculations based on a statement from the Economic Ministry. The ministry on Wednesday linked the surge to Taiwan Semiconductor Manufacturing Co.’s overseas investments, such as for a plant in the US state of Arizona.