00:00An international group of 11 companies has pledged to invest more than 1.5 billion U.S. dollars in new Taiwan projects, signing Letters of Intent, or LOIs.
00:11Today, we are going to sign 11 LOIs with international enterprises from around the world.
00:24Their projects demonstrate strong confidence in Taiwan's outlook.
00:30The companies include Corning, Coupang, and Panasonic.
00:34The letters were presented at Taiwan's Business Alliance conference in Taipei.
00:40Officials say the total investment drawn by the event, including the LOIs, exceeds 5 billion U.S. dollars.
00:47The new investments come as Taiwan is experiencing an economic boom rooted in AI chip and data center build-out.
00:55The International Monetary Fund recently upgraded its forecast for Taiwan's 2025 economic growth to 3.7 percent.
Comments