TAIPEI, Taiwanese companies are planning another $20 billion of investments in the U.S. driven by demand for AI applications, the island's economy minister said on Wednesday without giving details, though drawing a warm response from a visiting U.S. official.
The U.S., which is Chinese-claimed Taiwan's most important international backer and arms supplier despite the lack of formal diplomatic ties, has pushed Taiwanese technology companies to ramp up their investments as part of a U.S. effort to get more domestic semiconductor manufacturing.
