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.
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