top of page
Search

Taiwan Economy Ministry Unaware of Any TSMC Investment in Intel or US

  • tech360.tv
  • Feb 26
  • 2 min read

Taiwan's economy ministry has not received any information regarding an overseas investment application by Taiwan Semiconductor Manufacturing Co. (TSMC), Economy Minister Kuo Jyh-huei said on Tuesday.


Building facade with TSMC logo in red against a gray background, clear sky, and modern glass structures on the right side.
Credit: TSMC

Reports in US media have suggested that TSMC, the world's largest contract chipmaker and a key supplier to Apple and Nvidia, has been in discussions to potentially invest in Intel. However, neither TSMC nor Intel has confirmed these reports.


Any significant overseas investment by a Taiwanese company requires government approval, specifically from the economy ministry's investment review commission.


Speaking to reporters in Taipei, Kuo said he could not comment on market rumours. He added that the ministry would only engage in "certain discussions" if it received an official "report" from TSMC.


"Because it involves foreign investment, it would go through our investment commission. So far, we have not received any information, so I have no way to comment on this issue," Kuo said.


Former US President Donald Trump has repeatedly criticised Taiwan, accusing it of taking away American semiconductor business. He has also expressed a desire to bring manufacturing back to the United States.


Trump has threatened to impose tariffs on semiconductor imports and on countries with which the US has a large trade imbalance. Taiwan currently runs a significant trade surplus with the US.


Earlier this month, Economy Ministry Deputy Minister Cynthia Kiang visited the US for discussions. Kuo said the trip was aimed at "collecting information" and engaging with current and former US officials. He did not provide further details.

 

  • Taiwan's economy ministry has not received any investment application from TSMC regarding Intel or the US.

  • US media reports suggest TSMC may be in talks to invest in Intel, but no confirmation has been given.

  • Any major overseas investment by a Taiwanese company requires government approval.


Source: REUTERS

As Asia becomes the fastest growing tech adoption region, biz360tv is committed to keeping readers up to date on the latest developments in business technology news in Asia and beyond.

While we use new technologies such as AI to improve our storytelling capabilities, our team carefully select the stories and topics to cover and goes through fact-checking, editing, and oversight before publication. Please contact us at editorial@tech360.tv if you notice any errors or inaccuracies. Your feedback will be vital in ensuring that our articles are accurate for all of our readers.

bottom of page