TAIPEI (Taiwan News) — Appliance maker Tatung signed a contract with finance firm KPMG on Sunday to explore investments and mergers in the US following President Donald Trump’s tariff announcement. 

Trump announced Wednesday far-reaching reciprocal tariffs, including a 32% tax on Taiwanese goods. Tatung said its goal is to bring manufacturing back to the US, per Liberty Times.

In response, Tatung, which has ventures in the energy sector, said it hopes to leverage KPMG’s financial expertise to find the best strategic partners in the US, per CNA. The company plans to enter the US power market, setting its eyes on a heavy electrical plant with transformer and cable production capabilities.

It cited a 2024 Lawrence Berkeley National Laboratory report, saying that in 2028, US data centers’ power usage could reach between 74 and 132 gigawatts, or 6.7-12% of total electricity consumption.

If partners join the company’s initiative, transformers and cables could be assembled in the US, Tatung explained. The company is competing for transformer bids from power companies centered around the Western US and Texas grids.

Additionally, Tatung has established locations in Japan, Southeast Asia, and the Middle East to avoid over-concentration of its business. It said it is confident that it can align with the Trump administration’s onshore production policy and reduce impact from the tariff.