Taiwanese contract manufacturer Inventec has announced plans to invest up to US$85 million in the U.S. state of Texas. The company hopes that by setting up a facility there, they'll be able to avoid heavy U.S. tariffs. The Texas facility would focus on AI services in the U.S.
00:00A major Taiwanese contract electronics manufacturer plans to invest up to 85 million U.S. dollars in the state of Texas, a move aimed at avoiding heavy U.S. tariffs.
00:11Inventech announced the expansion in a statement on the Taiwan Stock Exchange.
00:15The company produces servers and notebook computers that use NVIDIA chips.
00:20Its Texas facility will focus on AI services and strengthen business partnerships in the U.S.
00:26Taiwan's government is trying to negotiate down tariffs of 32 percent currently on pause and has proposed increasing investment in the U.S. to decrease the trade surplus.
Be the first to comment