Economics minister J.W. Kuo is at the SelectUSA Investment Summit in Maryland. So far, he’s connected with tech giants like Nvidia, urging them to send U.S. talent to Taiwan. He’s also met U.S. lawmakers and officials, to lobby for the passage of a double-taxation relief act. Kuo is attending the summit with more than 120 leaders of Taiwan’s tech industry.
Economics minister J.W. Kuo led a large group of tech leaders to the SelectUSA Investment Summit. Of the 80 global companies invited to the event, nine were Taiwanese.
Marisa Lago
US under secretary of commerce for international trade
With over 100 participants, Taiwan’s delegation is one of the largest.
J.W. Kuo
Economics minister
In the last few years, TSMC’s American expansion has helped to bring a semiconductor supply chain to the U.S.
The U.S. views semiconductors as the most important hardware of the 21st century. Accounting for 60% of the world’s semiconductor production, Taiwan has formed an active partnership with the U.S. Commerce officials from over 36 state governments attended this event and met with Taiwanese businesses.
Vivienne Ke
FTV reporter
So, are you competing with different states?
Colin Sears
Global trade and business manager at Business Oregon
Of course, yeah, we’re one of the handful of most competitive states for semiconductors. We have 9% of the semiconductor workforce in the U.S., and about 60% of our state’s exports are semiconductors.
Wang Chih-li
Consultant for Taiwanese businesses abroad
I think that most people know that in the U.S. production costs are higher, but we also need to understand the culture here when it comes to intellectual property rights, which we call IP in Taiwan. They have more respect when it comes to this aspect.
Kuo also met U.S. Department of Commerce officials and lawmakers, to lobby for the passage of a U.S.-Taiwan double-taxation relief act. The legislation would lower costs and taxes for investors.
J.W. Kuo
Economics minister
Regardless of which party wins the U.S. presidency, the bill on double-taxation relief will most likely be passed.
Kuo also met with U.S. tech giants such as Nvidia, thanking them for increasing their investments in Taiwan. He urged them to send U.S. tech talent to Taiwan to address manpower shortages in advanced manufacturing.
J.W. Kuo
Economics minister
Now I say, don’t worry about it. Just come and invest in Taiwan, and we’ll welcome you with open arms. But it is our hope that companies from abroad will bring 500 engineers with them.
Vivienne Ke
FTV reporter
The 120-plus people in the delegation led by Kuo have backgrounds in fields such as semiconductors, chemical engineering, and electronics. The group hopes to use this opportunity to further solidify the supply chain relationship between Taiwan and the U.S.
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25 июн 2024
