Taiwan Industry Group To Build Tech Parks in North America

TaiwanPlus News

The Taiwan Electrical and Electronic Manufacturers' Association, also known as TEEMA, says it will set up technology parks in the U.S. or Mexico, or in other developing countries, a move they say will help Taiwanese firms avoid U.S. tariffs.

Transcript

00:00Taiwanese tech firms are putting more emphasis on investments in North America.

00:05Taiwan Electrical and Electronic Manufacturers Association, also known as TEMA,

00:10says it will set up technology parks in the U.S. or Mexico.

00:14A move they said will help Taiwanese firms avoid a 20% tariff.

00:18The group held a board meeting on Monday,

00:21saying the tech parks would be established in key areas in line with current manufacturing trends.

00:30TEMA Chair Yang Liu, who is also the Chair of Foxconn,

00:42says the U.S. 20% tariff would affect most of its member companies,

00:46with heavy machinery and electronics impacted the most.

00:50Bill says TEMA is working closely with Foxconn and the government to minimize the impact of tariffs

00:55and help Taiwan's small and medium-sized enterprises expand overseas.

01:00Taiwan has been boosting its tech corporations with the U.S.,

01:17last week opening a trade investment center in Texas

01:20that aims to help Taiwanese companies expand into the artificial intelligence,

01:25aviation and semiconductor sectors there.

01:27As companies here in Taiwan prepare for U.S. tariffs,

01:32the government says it's still in trade talks with Washington to bring the rate down.

01:36But in the meantime, industry groups like TEMA are playing a key role

01:40in helping local firms navigate the challenges ahead.

01:43Fu Hua Hong, I-Qi for Taiwan Plus.

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