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Taiwan electronics firms plan more Texas investments, industry body says
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Taiwan electronics firms plan more Texas investments, industry body says
Feb 18, 2025 2:18 AM

TAIPEI, Feb 18 (Reuters) - Taiwanese electronics

companies are planning more investments in the U.S. state of

Texas, with announcements possible in May to coincide with

President Donald Trump's first 100 days in office, the head of

an industry body said on Tuesday.

Trump, who took office on Jan. 20, has lambasted Taiwan for

taking U.S. semiconductor business, and has also threatened

import tariffs on trading partners with which the United States

runs large trade deficits, which could target Taiwan.

Last week, Taiwan President Lai Ching-te pledged more

investment in the United States.

Richard Lee, chairman of the Taiwan Electrical and

Electronic Manufacturers' Association, told an event in Taipei

that the government of Republican-led Texas has been proactive

about attracting investment from Taiwanese companies.

"We expect that this year, especially in the first 100 days

of Trump's presidency, that's about May 10, there should be a

much larger number of our large server companies, especially for

AI servers, announcing that they're going to be expanding their

investments in Texas," Lee said, without naming any companies.

"A lot of them have factories in Texas, but the factories in

the past weren't big enough to face the significant growth of

AI-related businesses in the future, so this is an opportunity,"

he added.

Taiwan's Foxconn, the world's largest contract

electronics maker and a major supplier to Apple ( AAPL ) and

Nvidia ( NVDA ), said in November one of its subsidiaries had

spent $33 million to acquire land and factory buildings in

Harris County, Texas.

Taiwanese contract laptop makers Compal and

Inventec - which also makes AI servers - may expand

into the United States with Texas eyed as one of the top

locations, their executives said last month.

Inventec declined to comment on whether it might make

announcements in May about Texas investments. Foxconn and Compal

did not immediately respond to requests for comment.

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