TAIPEI (Taiwan News) — The Ministry of Economic Affairs (MOEA) Department of Investment Review announced Tuesday (Oct. 15) that Taiwan’s outgoing foreign investment from January to September was US$41.56 billion (NT$1.33 trillion), a 137.75% year-on-year increase.
According to a press release, there were 539 approved investment cases from January to September, an increase of 30.19% compared to the same period last year. Major projects include Taiwan Semiconductor Manufacturing Company’s US$7.5 billion (NT$241.2 billion) capital injection into its plant in Arizona, per CNA.
From January to September, there were 228 approved investments in New Southbound countries, a year-on-year increase of 43.40%, with an investment amount of US$7.93 billion, an 83.09% increase compared to the same period last year. The main investment destinations were Singapore, Vietnam, and Malaysia.
For investments in China, the MOEA said that from January to September, there were 274 approved investments, a 10.04% increase from the same period last year. The approved investment amount was US$3.336 billion, a 31.93% year-on-year increase.