OVERSEAS TARGETS:
The National Development Fund and banks would contribute to an initial US$1.38 billion pool to help firms investing overseas, an official said
By Crystal Hsu /
Taiwan has launched a financing guarantee program with an initial US$1.38 billion pool to support companies expanding overseas — particularly into the US — as it seeks to improve supply chain ties amid global realignment and surging artificial intelligence (AI) demand.The National Development Council (NDC) yesterday signed letters of intent with 15 state-owned and private banks participating in the initiative, National Development Council Minister Yeh Chun-hsien (葉俊顯) said.The banks pledged a combined US$575 million, which would be boosted by US$800 million from the National Development Fund, forming the initial US$1.38 billion pool, Yeh said.
National Development Council Minister Yeh Chun-hsien, fifth left, attends a ceremony after signing letters of intent with 15 state-owned and private banks in Taipei to participate the National Development Fund to support companies expanding overseas.
