Taiwan to Invest 400 Billion KRW in 5G, AI, and Semiconductors... "Will Attract Foreign Investment"
[Asia Economy Beijing=Special Correspondent Park Sun-mi] The Taiwanese government is promoting a plan to support 10 billion New Taiwan dollars (400 billion KRW) to actively attract foreign investment in fields such as semiconductors, 5th generation (5G) communication, and artificial intelligence (AI).
On the 4th, Taiwan Central News Agency, citing sources, explained that the government will soon finalize and announce a budget of 10 billion New Taiwan dollars, and the funds will mainly be used as incentives provided to foreign companies investing in the semiconductor, 5G, and AI sectors.
It added that the scale of incentives allocated to each company will be determined differently depending on the scale of investment and job creation.
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It also reported that as trade tensions between China and the United States continue, many foreign technology companies are revising their strategies in the Asia-Pacific region, and the government judged that now is an appropriate time to encourage foreign investment in Taiwan, thus establishing this plan.
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