By Liao Chia-ning
and Fion Khan / Staff reporter, with staff writer
Taiwanese firms’ China investments have dwindled to less than 1 percent of their total foreign investments, putting China-based investments on track for a record low this year, Ministry of Economic Affairs data showed. Taiwan’s investments abroad in the first five months of this year reached US$35.92 billion, Department of Investment Review data showed. Investments outside China totaled US$35.61 billion, up 133.94 percent year-on-year, while investments in China totaled US$310.3 million, down 32.3 percent and about 0.86 percent of the total, data showed.
A Chinese bank staffer count stacks of 100 yuan notes at a bank in Huaibei, China, in an undated photograph.
Major overseas projects included Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) US$30 billion capital injection into an overseas subsidiary, Wiwynn Corp’s (緯穎) US$500 million investment in its US holding and operating subsidiaries, as well as Asustek Computer Inc’s (華碩) US$500 million capital increase for a Singapore subsidiary, data showed. It is believed that Taiwan’s increasingly critical role in the global artificial intelligence supply chain and major economies’ efforts to develop “non-red” supply chains have contributed to the surge in overseas investment outside China.
